Tag Archives: #LegalMatters

Are LLP regulated?

Limited Liability Partnership

Are LLP regulated Limited Liability Partnerships (LLPs) have gained popularity among entrepreneurs and professionals for their unique blend of flexibility and protection. However, a common question arises: Are LLPs regulated?   Understanding LLPs An LLP is a business structure that allows partners to manage the business while enjoying limited liability protection. This means that individual partners… Read More »

Can LLP give corporate guarantee?

Corporate Guarantee

      Corporate guarantee Corporate guarantee:  An LLP (Limited Liability Partnership) can provide this on behalf of another entity, subject to the terms and conditions. It is set forth in the partnership agreement and compliance with applicable laws and regulations. A corporate guarantee is a commitment by one entity (the guarantor) to be responsible… Read More »

Q6.36 Necessity of registering a partnership: Does partnership need to be registered ?

Reasons for business partnership failures

Necessity of registering a partnership Website link Necessity of registering a partnership The requirement for registering a partnership can vary depending on the jurisdiction in which the partnership operates. In some countries, registration of a partnership is not mandatory, and partners can enter into a partnership agreement and conduct business without formal registration. However, in… Read More »

Can an OPC be a holding company?

Holding company

What is an OPC? A One Person Company (OPC) is a relatively new business structure introduced in many countries, including India, through the Companies Act, 2013. It allows a single individual to own and operate a company with the benefits of limited liability. An OPC enjoys several features similar to a private limited company but… Read More »

Partnership firm registration is compulsory or not?

Compulsory registration of partnership firm

Compulsory registration of partnership firm   Compulsory registration of partnership firm,The requirement for partnership firm registration can vary depending on the jurisdiction and the specific laws and regulations of the country or state where the partnership operates. In many jurisdictions, registration of a partnership is not mandatory, and partners can enter into a partnership agreement… Read More »

Are gst trusts revocable?

GST trusts revocable

  Introduction Generation-Skipping Trusts (GST) have become a popular estate planning tool, especially for individuals seeking to preserve wealth and pass it down to future generations with minimal tax liability. The primary objective of a GST trust is to bypass one generation and transfer wealth directly to the next (usually grandchildren), avoiding estate taxes that… Read More »

OPC to private limited conversion?

OPC to private limited

OPC to private limited Converting an OPC to private limited Company typically involves the following steps: Director Appointment: A Private Limited Company requires a minimum of two directors, whereas an OPC has only one director. Therefore, to convert an OPC to a Private Limited Company, you need to appoint an additional director. The new director… Read More »