The ultimate goal of every Business is to keep growing. In India, multiple small businesses start their operations as an LLP. But it becomes critical for them to alter their business structure for expansion and growth at some level. Fortunately, section 366 of Companies Act, 2013 mandates that if an LLP satisfies specific criteria, it […]
Small Scale Industries or SSIs hold an important place in the Indian economy. These industries are indulged in varied business activities like Production and manufacturing of daily use items and certain services, albeit at micro-scale. These industries are generally labour-intensive with minimal technologies and modern tools at their disposal. The investment in basic machinery in […]
Accounting and Bookkeeping, both are critical components of your Business. Theses two components manage your finances throughout the year and ensure your Business runs smoothly and grow. Ultimately, it is well-managed finance that ensures a successful Business. As Accounting and Bookkeeping both are in the management and handling of the finance, some Business owners might […]
Limited Liable Partnership is an extremely flexible form of Business registration best suited for small, medium & family-owned businesses. Apart from higher flexibility, there are other multiple benefits too. You can read all about LLP registration on our other blog. Here, I will be explaining the whole registration process and the compliances of an LLP. […]
As India is rapidly emerging as a birthplace of various Startups, the number of people planning to start their Businesses is rising exponentially. Under these circumstances, it becomes vital to understand multiple business registration types if you, too, are planning to do the same. Out of various options, Private Ltd company is one of the […]
A partnership firm is very popular among Small and Medium Businesses in India. It’s easy to set up, manage and operate. If you haven’t read about Partnership firm, we request you to read it before reading this one. We have explained every aspect of Partnership firm in that blog. If you have already been through […]
Starting a Business can be exciting and challenging at the same time. There are a lot of essential points to be considered that can affect your Business’s efficiency. One of those critical points is choosing the right business structure for Business. As the Indian legal structure offers multiple options, it is crucial to choose the […]
A Partnership Firm is one of the most preferred Business structures in India. There are thousands of Small and Medium Businesses that operate as a Partnership Firm, making it important to have a clear understanding of it if you are planning to register your Business. In this piece, I will try to shed light on […]
Limited Liability Partnership or LLP is a rather new Business structure that was introduced in India with the Limited Liability Partnership Act, 2008. LLP offers the combined features of a Partnership firm and a Company. LLP is easy to setup, manage and operate. It has minimal compliances and very few legal formailities are required to […]
A Sole Proprietorship is the simplest Business structure that exists in India. From centuries, India was the place with thousands of small businesses. This trend continues till date. A sole Proprietorship is the best option for such micro & small businesses that operate with lower capital investment or have few clients. Starting a Sole Proprietorship […]