Which business entity registration type should you choose for your new business?

That’s the first question that comes to anyone’s mind who has validated a business idea or want to kickstart a new business- “Which entity should I choose for starting the business?” That’s an important question because how you are going to answer this & what factors would you take into account to make the decision… Continue reading

Turnover certificate for various purposes

A turnover certificate is a detailed factual statement which certifies the turnover of an entity on basis the requirements. This certificate assures the users about the turnover generated by the business entity during a given period of time. Contents of a Turnover certificate The contents of this certificate will depend upon its requirements & the… Continue reading

Converting proprietorship business to a private limited company

You start a business as a proprietorship. After sometime, the business starts growing, which brings the need to change the constitution of the business from proprietorship to a company due to various factors such as: Need of capital for further expansion of business, saving in income tax through reduced tax rate etc. There are number… Continue reading

Why & How to register under MSME

MSME stands for Micro, Small, and Medium Enterprises. In accordance with the Micro, Small, and Medium Enterprises Development (MSMED) Act in 2006, the enterprises are classified into two divisions. Manufacturing enterprises – engaged in the manufacturing or production of goods in any industry and Service Providers. For these small-scale industries, it is essential to make them… Continue reading

Company Fresh Start Scheme 2020- one time opportunity

There’s no better time for the defaulting companies than this. The Ministry of Corporate Affairs decided to give all the defaulting companies another chance to regularize company compliance without late fees irrespective of the delay duration. Further, as per the notification on MCA website, relief is also being given to DIN holders whose DINs were… Continue reading

All you need to know before choosing Limited Liability partnership as a form of business

Introduction Limited liability Partnerships (LLP) is the most popular form of partnership in India which is becoming the most favoured form of partnership over the traditional forms of partnerships and sole proprietorships Features of Limited Liability Partnership It should have a minimum of 2 partners There is no limit on the maximum number of partners No… Continue reading