Tag Archives: #CorporateSuccess

Why procurement should not report to finance?

      User Intent Organizations often debate whether procurement should report to finance. While finance focuses on cost control and budgeting, procurement ensures strategic supplier relationships, quality, and efficiency. This article explains why procurement should remain independent and not be subordinate to finance. Introduction Procurement and finance are both critical business functions. However, a… Read More »

Can LLP merge with company?

      LLP merge:  Merging an LLP with a company typically involves a legal process.  Where it includes the assets, liabilities, and legal entity of the LLP are combined with those of the company. The resulting entity is usually a company, and the LLP ceases to exist as a separate legal entity.  The merger… Read More »

How the LLP extension project is described ?

  LLP extension project is described: Purpose: Clearly define the purpose and rationale behind the LLP extension project. Explain why the LLP is pursuing expansion or extension and what it aims to achieve through this initiative. This could include entering new markets as well as launching new products or services correspondingly increasing operational capacity or… Read More »

How LLP is incorporated ?

LLP is incorporated    To incorporate an LLP (Limited Liability Partnership), the following steps generally come in the process:  1.Name Reservation: Choose a unique name for the LLP that complies with the naming guidelines and regulations of the jurisdiction. Some jurisdictions may require a name reservation process to ensure the availability of the chosen name… Read More »

Can you convert partnership to corporation?

Convert Partnership to Corporation   Yes, it is possible to convert a partnership into a corporation. The process of converting a partnership to a corporation typically involves the following steps: 1. Research and Consultation: Understand the legal requirements, regulations, and tax implications associated with converting a partnership to a corporation in your jurisdiction. It is… Read More »

OPC to private limited conversion?

OPC to private limited Converting an OPC to private limited Company typically involves the following steps: Director Appointment: A Private Limited Company requires a minimum of two directors, whereas an OPC has only one director. Therefore, to convert an OPC to a Private Limited Company, you need to appoint an additional director. The new director… Read More »