Risk in taking GST on home address There is no inherent risk in taking GST registration on a home address. Before taking GST registration on a home address, certain factors must be considered. For more information visit this site: https://www.gst.gov.in/ Firstly, it is important to ensure that the residential premises is a suitable place of business,… Read More »
Examples of contingent liabilities Contingent liabilities are potential obligations that may arise in the future, depending on the outcome of a future event. Examples of contingent liabilities include: To visit https://www.mca.gov.in 1.Lawsuits or legal claims against the company 2.Product warranties or guarantees that may need to be honored in the future 3.Environmental liabilities, such as… Read More »
The disadvantages of a single member LLC A single-member LLC, similar to other business structures, comes with its own set of drawbacks. Here are some of the common disadvantages associated with a single-member LLC 1.Limited liability protection: While a single-member LLC provides some liability protection for the owner, it may not offer the same level… Read More »