What is a Sole Proprietor Business License A sole proprietor business license is a vital legal document that allows individuals to operate a business as sole proprietors. This business structure is the simplest and most common form of ownership, where one person owns and manages the entire business. Understanding the significance of this license… Read More »
Can I run multiple businesses on a single GST as a sole proprietor Yes, as a sole proprietor, you can run multiple businesses on a single GST registration. However, you would need to mention the details of all your businesses while applying for GST registration, including their names, addresses, and types of goods or services… Read More »
Are company registration and GST registration the same Company registration and GST registration are two distinct processes and not the same. Company registration refers to the process of legally registering a business as a company, while Goods and Services Tax registration refers to the process of registering a business for the Goods and Services Tax… Read More »
Accrued expense definition Accrued expense definition, Accrued expense and outstanding expense are both terms relate to expenses that are incur but not yet paid. However, there is a difference between the two terms: Accrued expense An accrued expense is an expense that has been generate but not yet paid, and has not been record in… Read More »
One Person Company One Person Company (OPC) is a type of company that can be formed with only one person as its member or shareholder. It introduce in the Companies Act, 2013 to encourage small business owners and entrepreneurs to start their own companies with limited liability protection. A OPC has a separate legal identity… Read More »
Establishing an LLP in India Establishing an LLP in India: Here is a detail guide on how to establish and incorporate an LLP (Limited Liability Partnership) in India: Step 1: Acquire a Digital Signature Certificate The initial step in the incorporation process of an LLP is to obtain a Digital Signature Certificate for the… Read More »
Start a Private Company in India To start a private limited company in India have so many rule and regulation. Initiating the establishment of a Private company involves several sequential steps, outlined as follows: To visit https://www.mca.gov.in/ Obtain a Digital Signature Certificate (DSC): The initial step entails acquiring a Digital Signature Certificate (DSC) for the… Read More »
Sole Proprietorship Registration In most cases, it is not a legal requirement for a sole proprietor to register their business name. Since It does not consider a separate legal entity from the owner, the business name is typically the same as the owner’s name. However, if the owner wishes to use a business name different… Read More »
Sole Proprietorship and Corporation Sole proprietorship and corporation, are two common business structures with their own advantages and disadvantages. Here are some of the advantages and disadvantages of being a Sole proprietorship and corporation Advantages of a Sole Proprietorship: Easy to start: A sole proprietorship is relatively easy and inexpensive to start since there… Read More »
Sole proprietorship A sole proprietorship is the simplest and frequently chosen type of business ownership. It is an unincorporated business owned and operated by one individual, where there is no legal distinction between the owner and the business entity. Here’s a comprehensive look at what a sole proprietorship entails: Key Features of a Sole Proprietorship… Read More »
