How does LLP work in India: This act provides a framework for the establishment, operation, and dissolution of LLPs in the country. Here’s a unique overview of how LLP work in India : Formation: To form an LLP in India, you need at least two partners who can be individuals or corporate entities.… Read More »
When LLP is compulsory The requirement for forming a Limited Liability Partnership (LLP) varies by jurisdiction. In some countries, LLP may be a voluntary option for business entities, while in others, it may be mandatory for certain types of businesses or professions. Here are some scenarios where forming an LLP may be compulsory:… Read More »
LLP is a company or not An LLP, which stands for Limited Liability Partnership, deviates from the conventional definition of a company. While an LLP shares some similarities with a company, it has distinct characteristics that differentiate it from a typical company structure. Here are some key points regarding the classification of an LLP: 1.… 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 »
GST registration for private limited company Yes, GST (Goods and Services Tax) registration is mandatory for a private limited company in India under certain circumstances. Here are the general criteria for GST registration: Threshold Turnover: If your company’s annual turnover exceeds the specified threshold, GST registration is mandatory. The threshold limits vary based on the… 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 »
PAN Card for Company Registration PAN Card for Company registration, A PAN (Permanent Account Number) card is a unique 10-digit alphanumeric identification number issu by the Income Tax Department of India. It is use as an important identity proof for various financial and non-financial transactions, such as filing income tax returns, opening a bank account,… Read More »
Memorandum of Association Certainly, for the registration of a One Person Company (OPC) in India, the Memorandum of Association (MoA) and Articles of Association (AoA) are essential. These legal documents play a crucial role in defining the structure of the company and establishing its relationships with shareholders, directors, and other stakeholders. The Memorandum of… Read More »