LLP Formation Process LLP Formation Process: Forming an LLP (Limited Liability Partnership) typically involves several steps and requirements. The exact process may vary depending on the jurisdiction, but here is a general outline of How LLP is formed: 1.Select a Name: Choose a unique name for the LLP that complies with the naming regulations… Read More »
Registration to License Registration to license are two separate processes that are often required for starting and operating a business. Here’s an overview of the differences between business registration and business licensing: Business Registration: Purpose: Business registration is the process of officially establishing a business entity with the government or relevant authorities. It provides… Read More »
Can an OPC be a holding company No, an OPC (One Person Company) cannot be a holding company. As per the Companies Act, 2013 in India, which governs OPCs, an OPC is specifically designed for small businesses with a single owner. An OPC is not allowed to be a member of another company, which means… Read More »
Can OPC be converted into LLP No, an OPC (One Person Company) cannot be directly converted into an LLP (Limited Liability Partnership). The conversion of a company into an LLP is allow under the provisions of the Companies Act, 2013 in India. However, OPCs are not eligible for such conversion. OPCs are distinct legal entities… Read More »
Reg Certificate of Sole Proprietorship Website link Reg Certificate of Sole Proprietorship: In many jurisdictions, when you register your business as a sole proprietorship, you will receive a business registration certificate. This certificate serves as proof that your business is officially registered and recognized by the government. It typically includes important information such as your… Read More »
Opening a private limited company at home Opening a private limited company at home address is follow some steps: Address Proof: You must provide a valid address proof for the registered office of the company. You have the option to use either your residential address or any other accessible commercial address for the registered office… Read More »
Permanent Account Number(PAN) Yes, the Permanent Account Number(PAN) of an One Person Company (OPC) will remain the same even after it converts into a Private Limited (PVT LTD) company. For more information, visit this site: https://www.incometax.gov.in/ The PAN is a unique 10-digit alphanumeric identifier issued by the Indian Income Tax Department to individuals and businesses… Read More »
How do I register a company as a sole proprietorship Sole proprietorship are not required to be registered with the government. To register a company as a sole proprietorship However, depending on the nature of the business and its operations, there may be certain registrations and licenses that the proprietorship needs to obtain in order… Read More »