Articles

What is Income Tax? Income Tax, a two worded term comes from the word Income and Tax. The government collects a revenue from the public to run the country called tax. On the other hand, income is the earning done … Continued

What is an LLP? LLP is an acronym for Limited Liability Partnership. It is a hybrid of two businesses. First, a Partnership firm. Secondly, a Private Limited Company. While, a partnership firm has unlimited liability. An LLP covers the drawbacks … Continued

A Guide to start a Private Limited Company. A Private limited Company is easier to start. It requires only 2 shareholders. Taxation on these companies is less. For instance, a manufacturing firm pays 15% as tax. Only if its is … Continued

What is a Private Limited Company. A Private Limited Company is in itself a non-governmental entity. A business privately owned by shareholders is called a Private Limited Company. Most of the startups focused upon scaling up opt for a Private … Continued

What is an OPC. OPC stands for One Person Company. Thus, as the name suggest OPC is a single owner company. And, it is private limited. Therefore, one can call an OPC as a single owner private limited company.  All … Continued

How to Start a Proprietorship Business in India The sole proprietorship is the simplest form of business in India. It is a unibody business. There is one owner. The owner is responsible for everything related to the business. including payment … Continued

How to Start a Partnership Firm in India A partnership firm is a group of two or more people coming together to earn profits. Thus, doing business in a group. The owners running the firm are called partners. The maximum number … Continued