Tag Archives: #LegalDefinitions

Difference between statutory and Mandatory Certificates?

    While there may be some overlap in their requirements, there are distinct differences between the two: Statutory Certificates: 1. Legal Requirement: Statutory certificates issued to comply with specific laws or statutes. These laws can be enact by the government or regulatory authorities and are binding on individuals or entities operating within the jurisdiction.… Read More »

Is LLP a firm or a company?

 Is LLP a Firm or a Company? Introduction Limited Liability Partnership (LLP) is a common business structure, but there is often confusion regarding whether it is a firm or a company. Businesses and professionals must understand the differences between these structures to make informed decisions about their legal and operational frameworks. Definition An LLP is… Read More »