Tag Archives: #SmallBusinessOwners

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 »

What is msme in India?

MSMEs in India

MSME in India  MSME stands for Micro, Small, and Medium Enterprises in India, MSMEs play a crucial role in the country’s economic growth and employment generation. The Government of India recognizes the importance of MSMEs and has implemented various policies and programs to support their development and growth. MSMEs are categorized according to their capital… Read More »

Partnership firm registration act ?

LLP partner

Partnership Firm Registration Act Introduction The concept of partnership is an integral part of business law, providing a flexible and collaborative way for individuals to conduct business together. In many jurisdictions, the formal registration of a partnership firm is governed by specific legislative acts designed to provide a framework for its operation and legal recognition.… Read More »

OPC or sole proprietorship?

OPC or sole proprietorship

OPC or Sole Proprietorship   OPC or sole proprietorship are two different legal business structures, each with its own advantages and considerations. Here’s an overview of each: OPC (One Person Company): OPC is a legal business structure that allows a single individual to establish a company with limited liability. It provides benefits such as separate… Read More »

Can opc use pvt ltd?

OPC use Pvt. Ltd.

OPC use Pvt. Ltd.   OPC use Pvt. Ltd, No, an OPC (One Person Company) cannot use the term “Private Limited” or “Pvt Ltd” in its name. The Companies Act, which governs the formation and operation of companies in many jurisdictions, including India, specifically restricts OPCs from using the term “Private Limited” in their name.… 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 »

When mudra yojana was launched?

Mudra Yojana

When Mudra Yojana Was Launched The Mudra Yojana, officially known as the Micro Units Development & Refinance Agency Yojana, is a significant initiative by the Government of India aimed at empowering small businesses and entrepreneurs. Launched on April 8, 2015, the scheme was introduced by Prime Minister Narendra Modi as part of the government’s broader… Read More »