When LLP is compulsory The requirement for forming a Limited Liability Partnership (LLP) varies by jurisdiction. In some countries, LLP may be a voluntary option for business entities, while in others, it may be mandatory for certain types of businesses or professions. Here are some scenarios where forming an LLP may be compulsory: 1.… Read More »
LLP and Sole Proprietorship The transformative decision of selecting between a Limited Liability Partnership and a Sole Proprietorships influenced by an array of factors. It is ranging from your business goals to liability protection, and even management structure. Within this captivating landscape, careful consideration of these elements paves the way for an informed… Read More »
Mudra loan scheme Mudra loan scheme: The MUDRA (Micro Units Development and Refinance Agency) loan scheme offers support to a diverse array of business sectors and activities. While the specific list of eligible projects may vary depending on the lending institution and their criteria, here are some common examples of projects that can be… Read More »
Mudra Project Profile MUDRA (Micro Units Development and Refinance Agency) project profile refer to the detailed descriptions of various types of business projects or activities that are eligible for financing under the MUDRA loan scheme in India. These project profiles provide information about the nature of the business, its scope, investment requirements, potential profitability,… Read More »
Can a Private Limited Company Be a Proprietor of a Firm? In the world of business, understanding the structure and legalities of different entities is crucial. One common question that arises is, “Can a Private Limited Company be a proprietor of a firm?” To answer this, we first need to clarify the distinctions between… Read More »
When Mudra Yojana Was Launched The Mudra Yojana, officially known as the Micro Units Development & Refinance Agency Yojana, is a significant initiative by the Government of India aimed at empowering small businesses and entrepreneurs. Launched on April 8, 2015, the scheme was introduced by Prime Minister Narendra Modi as part of the government’s broader… Read More »
Private sector enterprises are businesses that are owned and operated by individuals or groups of individuals rather than the government. 1.Private Ownership: Private sector enterprises feature always own and control by private individuals or organizations. The owners bear the responsibility for the success or failure of the business. 2.Profit Motive: Private sector enterprises are driven… Read More »
Can a Sole Proprietorship Have Multiple Businesses? Yes, a sole proprietorship can indeed operate multiple businesses under one owner. A sole proprietorship is the simplest form of business structure, where a single individual owns and operates the business. Although it’s known for simplicity and flexibility, there’s a common misconception that a sole proprietorship can only… Read More »
What is a General Partnership? A general partnership is one of the simplest and most common forms of business structure, particularly for small businesses or groups of individuals who want to start a business together. In this structure, two or more individuals agree to run a business and share its profits, losses, and liabilities. Here’s… Read More »
