LLPs law firms: LLPs law firms: Yes, LLP (Limited Liability Partnerships) are most common structure among law firms. In many ways LLP provide a suitable legal structure for professional service. It includes firms such as law firms, accounting firms, and architectural firms. LLPs allow individual partners within the law firm to have limited… Read More »
Can LLP be a member of a company Can LLP be a member of a company, an LLP (Limited Liability Partnership) is allowed to join as a member of a company. The specific regulations and requirements regarding membership in a company can vary depending on the jurisdiction and the type of company in question.… Read More »
Can an OPC Have Shareholders When considering business structures in India, many entrepreneurs find themselves drawn to the One Person Company (OPC) model. Designed for single entrepreneurs seeking limited liability protection, OPCs offer a unique blend of simplicity and legal recognition. However, a common question arises: Can an OPC have shareholders? Understanding OPC Structure An… Read More »
Is stolen cash deduct in tax returns? When it comes to filing taxes, there are many deductions and credits that taxpayers can claim to reduce their taxable income. However, one question that often arises is whether stolen cash can be deducted from one’s tax return. The answer is not straightforward and involves a deeper look… Read More »
Are GST Trusts Revocable Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in many countries, including India. However, when we talk about GST trusts in a legal context, it generally refers to trusts managing funds related to GST compliance, payments, or any related activities. The… Read More »
