LLP and Sole Proprietorship The transformative decision of selecting between a Limited Liability Partnership and a Sole Proprietorships influenced by an array of factors. It is ranging from your business goals to liability protection, and even management structure. Within this captivating landscape, careful consideration of these elements paves the way for an informed… Read More »
LLP ITR filing requirements Limited Liability Partnerships (LLPs) have gained popularity as a flexible and advantageous business structure for entrepreneurs and small businesses. However, like any other business entity, LLPs are subject to certain income tax filing requirements imposed by the tax authorities. Let’s explore this topic to understand the intricacies of LLP ITR… Read More »
LLP act 2008 implemented The LLP Act 2008 was implemented in India on April 1, 2009. The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to provide a legal framework for the formation and operation of Limited Liability Partnerships (LLPs) in the country. The Act introduced the concept of LLPs… Read More »
Where to print LLP certificate Unveiling the key to materializing a Limited Liability Partnership (LLP) certificate lies in the acquisition of this coveted document from the pertinent government authority or agency entrusted with the registration and oversight of LLPs within your jurisdiction. However, it’s important to note that the process and prerequisites for… Read More »
How LLP is better than partnership Limited Liability Partnerships (LLPs) provide numerous advantages over traditional partnerships, making them a preferred choice for many businesses. Here are some reasons which explain why an LLP is better than partnership: 1. Limited Liability: One of the significant advantages of an LLP is that it provides limited liability… Read More »
How LLP works An Limited Liability Partnership… Read More »
OPC to LLP Conversion: The entrepreneurial landscape in India has evolved significantly, offering different forms of business structures suited to various needs. One Person Company (OPC) and Limited Liability Partnership (LLP) are two such options that cater to different business owners. However, as businesses grow, entrepreneurs may seek more flexible structures. One common scenario… Read More »
Can HUF become partner in LLP A Hindu Undivided Family (HUF) is a common structure in India, primarily used for managing family assets and taking advantage of certain tax benefits. On the other hand, a Limited Liability Partnership (LLP) is a business structure that combines the benefits of a partnership with limited liability. One… Read More »
TDS Compliance for LLP For a Limited Liability Partnership (LLP), compliance with TDS (Tax Deducted at Source) provisions is important to fulfill its tax obligations. Here are some key aspects of TDS compliance for an LLP: 1. TAN Registration: The LLP must obtain both valid Tax Deduction and Collection Account Number (TAN) from the tax… Read More »
Do We Need DSC and DIN for Each Partner in an LLP When forming a Limited Liability Partnership (LLP), the process involves various formalities, two of which are obtaining a Digital Signature Certificate (DSC) and a Director Identification Number (DIN). Many prospective business owners wonder: Is it necessary for each partner in an LLP… Read More »
