Building a new business can be a fun and exciting time in your life. Before that, you should know about the main factors that should be considered while starting a new business which might help you in eliminating some risks and obstacles that you may […]
Before starting a new business, an entrepreneur needs to have the knowledge on various aspects of business. One such segment is the law of the land. Multiple laws can be applicable for a business such as company’s law, shops and commercial establishment, professional tax, provident […]
1) Minimum two shareholders are required to incorporate a Private Limited Company in India. The shareholders can either be an Foreign individual or a foreign company. 2) Minimum of two directors are required out of whom one should be a resident in India. Please note that the […]
1) Minimum partners are required in an LLP, out of which at least one partners must be a resident Indian. Indian Resident means any person who has stayed in India for more than 182 days in the previous calendar year. 2) Foreign Investment should be allowed in […]
Listed below are some of the benefits of Limited Liability Partnership entities. However an entrepreneur should choose the entity based on his or her requirements and decide which suits them best in the long run. Minimum Capital To incorporate a private limited company, the shareholders […]
There are multiple factors an entrepreneur should consider before choosing the type of business one plans to register. The size and nature of business, fund raising, scale etc should be considered before choosing the type of business entity. Here are some of the reasons why […]
Limited Liability Partnership (LLP) is gaining popularity with its numerous benefits it gives to the entrepreneur. LLP is a business entity which combines the limited liability of a company and the flexibility of a partnership. There are multiple factors an entrepreneur should consider before choosing […]
The OPC must have only one member at any point of time and may have only one director The OPC must have a nominee who must be an individual. Minor shall not become member or nominee of the One Person Company Both the member and […]
GST is a destination based tax i.e. the tax should be received by the state in which the goods or services are consumed and not by the state in which such goods are manufactured. Here are some scenarios which will help your understanding about GST […]
One Person Company (OPC) a separate legal entity with just one member. Unlike a private limited company which requires minimum 2 shareholders and 2 directors, an OPC can be formed with only one shareholder. OPC is registered under the Companies Act 2013 with the Ministry […]