Entrepreneurship is becoming a trend, especially among the younger generation. They are willing to take a risk and to make their business plan a reality. While many people may talk about the different challenges they faced during the…
Most companies are outsourcing their accounting to reduce the extra burden that is vested on operating the business. In-house accounting is a traditional method of bookkeeping and accounting. Difference between outsourcing and in-house accounting Quality of work An…
A trademark or TM is an intellectual property. It consists of a sign, design or expression that differentiates a particular product from its competitors. Here is a list of documents required for trademark registrations Documents required Trademark copy…
It is a separate legal entity and the partners are liable to their respective contribution. It has flexible management roles It is easier to form an LLP. Formation of an LLP only require the partners to fill out…
An OPC company is defined as a company that has only one person as it’s a member. Such companies usually have only one founder/promoter of the business. OPC is a type of private company. Only a Natural person…
The Sabka Vishwas Legacy Dispute Scheme 2019 was introduced to resolve all disputes relating to the former service and central excise tax which are subsumed under GST. This scheme was introduced for taxpayers who wish to close their…
A Private limited company is one that is most preferred. Incorporation of private limited company attracts Angel investors, Venture capitalists and other budgetary organizations. Every private limited company has a minimum of 2 directors. A minimum of two…
The functioning of a private limited company is mainly vested upon a director. The director holds key responsibilities of maintaining and running the business. Obtaining the consent of the proposed director The consent of the proposed director is…
A private limited company is held for small businesses and is widely prevalent among the corporate legal entities. It is the most preferred type of business entity among the Angel Investors, Banks, Venture Capitalists and other such budgetary…