What an LLP offers A Limited Liability Partnership combines a partnership-style operating relationship with a separate legal structure and limited liability, subject to applicable law and the facts of a case. It may suit founders who want shared ownership and defined partner roles without choosing a traditional company structure. LLP formation process LLP incorporation is […]
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Start with a clear partnership agreement A partnership begins with people agreeing to conduct a business together and share responsibilities, profits, and obligations. Before operations start, partners should document how the firm will work. A well-prepared partnership deed can address capital contributions, profit sharing, partner duties, decision-making, banking authority, dispute resolution, retirement, and dissolution. Firm […]
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What a proprietorship is A proprietorship is a business operated by one individual. It can suit founders who want a straightforward ownership structure, but the owner and business are not separate legal persons in the same way as a company. The appropriate structure depends on liability exposure, funding plans, ownership needs, tax considerations, and customer […]
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What GST registration and filing involve GST registration gives an eligible business a GST identification number and enables it to meet applicable indirect-tax obligations. After registration, the business may need to prepare and file returns or statements according to its taxpayer category and filing frequency. The GST Portal provides online registration and return-filing services, including […]
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