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Introduction: A business’s legal organization is determined by its “business structure.” A business structure in India is an organization’s formal legal framework and the main driver of the range of actions that a company is permitted to engage in. As an organization proprietor always has the potential to change the business structure if necessary, it… Continue reading Top 5 Factors to Consider When Choosing a Business Structure in India
Introduction LLP stands for Limited Liability Partnership. It is a business structure that combines limited liability protection from a corporation with the adaptability and tax advantages of a partnership. Professionals like attorneys, accountants, architects, and consultants who want to run their enterprises cooperatively while safeguarding their assets are big fans of LLPs. LLPs provide a… Continue reading Understanding the Concept of LLP and its Tax Implications
Are you aware of what a Nidhi company is about? Well, a Nidhi company is a company that falls under section 406 of the Company Act 2013. It is a non-banking financial institution regulated by the MCA. These companies do the business of borrowing from members and lending to the members only. Nidhi companies have… Continue reading How to Grow Your Business with a Nidhi Company: Strategies and Tips for Success
Introduction Company registration can help you acquire an idea of how the future of your company is going to look like. By registering your company, you can create a legal entity that has its own set of rules and regulations and is recognized by the government. The process of company registration can be a complicated… Continue reading The Importance of Company Registration: Why You Shouldn’t Skip This Step?
Virtual accounting refers to the practice of conducting accounting activities remotely using online tools and technologies. It involves outsourcing accounting tasks to a virtual accountant or accounting firm who works remotely and uses cloud-based software to manage financial records, prepare financial statements, perform bookkeeping, and provide other accounting services without physical presence. The virtual accounting… Continue reading What is Virtual Accounting?
Starting a business is not an easy affair. We are often confused about what should be the nature of our business so that we can get the maximum return from our investment. So, here we will talk to you about one such business structure: LLP which has made a major impact on the business world.… Continue reading 7 reasons why startups should choose Limited Liability Partnerships (LLPs) to start their businesses
Managing a business involves a lot of responsibilities. During the initial phases, you may find it easy to manage the various functions of your business all by yourself but as your business expands, you will find it difficult to concentrate on everything. In such situations, the best option that you have in hand is to… Continue reading How Virtual Accounting Can Help Your Business Achieve Financial Success
Introduction: India’s Goods and Services Tax (GST) system has been introduced to simplify the country’s tax system and make it more efficient. Every business in India with a turnover of over 20 lakh is required to register for GST and file regular GST returns. GST registration is a crucial process that every business in India… Continue reading How to File GST Returns, Step by Step Process
The process of company registration in India typically involves several steps, such as obtaining a Digital Signature Certificate (DSC) and Director Identification Number (DIN), filing an application for company name approval, preparing and filing the company’s Articles of Association and Memorandum of Association, and obtaining a Certificate of Incorporation from the relevant government authority. Once… Continue reading How to Register a Private Limited Company in India?
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