Turnover Certificate from GST Portal To download a turnover certificate from the GST (Goods and Services Tax) portal, you can follow these steps: 1. Visit the GST Portal: Go to the official GST portal of your country. For example, in India, the GST portal is https://www.gst.gov.in/. 2. Log in to Your GST Account: Log… Read More »
Do LLP need legal requirements Yes, a Limited Liability Partnership (LLP) is required to meet various legal requirements in India. LLPs combine features of a partnership and a company, offering flexibility and limited liability protection to its partners. However, like any business entity, LLPs must adhere to specific legal obligations to operate lawfully and… Read More »
How can an LLP convert into OPC As businesses evolve, their structures often need to adapt to changing goals, ownership, and regulatory environments. One common transition is converting a Limited Liability Partnership (LLP) into a One Person Company (OPC). This article will guide you through the process, highlighting the benefits, eligibility criteria, and steps… Read More »
LLP is a company or not An LLP, which stands for Limited Liability Partnership, deviates from the conventional definition of a company. While an LLP shares some similarities with a company, it has distinct characteristics that differentiate it from a typical company structure. Here are some key points regarding the classification of an LLP: 1.… Read More »
LLP formation purpose Limited Liability Partnerships (LLPs) are formed to combine the advantages of a partnership and limited liability protection for its partners. Here are some common reasons why businesses choose to form LLPs: 1.Limited Liability Protection: One of the primary reasons for forming an LLP is to provide limited liability protection to its… Read More »
CA valuation certificate A CA valuation certificate refers to a valuation report or certificate issued by a Chartered Accountant (CA) regarding the valuation of assets or businesses. Chartered Accountants who specialize in valuation services assess the value of assets, businesses, or other financial instruments and provide their professional opinion in the form of a… Read More »
LLP act 2008 implemented The LLP Act 2008 was implemented in India on April 1, 2009. The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to provide a legal framework for the formation and operation of Limited Liability Partnerships (LLPs) in the country. The Act introduced the concept of LLPs… Read More »
How LLP is better than partnership Limited Liability Partnerships (LLPs) provide numerous advantages over traditional partnerships, making them a preferred choice for many businesses. Here are some reasons which explain why an LLP is better than partnership: 1. Limited Liability: One of the significant advantages of an LLP is that it provides limited liability… Read More »
ITR for self employed For self-employed individuals in India, the Income Tax Return (ITR) form to be filed depends on the nature and source of income. Here are the common ITR forms applicable to different types of self-employed individuals: ITR-3: This form is applicable if you have income from business or profession as a partner… Read More »
Sole Proprietorship Meaning Here are several distinctive features that define a sole proprietorship: Single Ownership: The business is own and operate by a single individual, who is known as the sole proprietor. Unlimited Liability: The sole proprietor is personally liable for all the debts and obligations of the business. This means that personal… Read More »
