Tag Archives: #ownership

OPC Ownership Structure

OPC Ownership Structure

Introduction OPC Ownership Structure : The concept of One Person Company (OPC) was introduced in India through the Companies Act, 2013, to provide a structured framework for individual entrepreneurs to operate a corporate entity. OPC allows a single entrepreneur to establish a company with limited liability while enjoying the benefits of a corporate structure. This… Read More »

Partners remuneration: Can LLP partner take salary ?

 Registering partnership

  Partners remuneration   Yes, partners of a Limited Liability Partnership (LLP) can receive a salary or remuneration from the LLP, subject to the terms and conditions specified in the LLP agreement. The LLP Act, 2008 does not prohibit partners from receiving a salary. Limited Liability Partnerships (LLPs) have become increasingly popular as a business… Read More »