Common Grounds for Trademark Objection and How to Overcome Them

A trademark is a distinctive brand or design identity for any business organization or individual. During the registration of a trademark, there are certain obligations and rules that applicants have to follow for smooth registration. Often during the trademark registration process, sometimes lawyers when applying for a trademark on the applicant’s behalf face objections. The… Continue reading Common Grounds for Trademark Objection and How to Overcome Them

Conversion or Transformation of Sole Proprietorship to a Private Limited Company

Often individuals when they do not have enough resources start a business as sole proprietors. Any business that is run by a single individual is a proprietorship that grows over time. However, as the business grows, the need for more segregation and opportunities arises. So, converting a sole proprietorship to a private limited company is… Continue reading Conversion or Transformation of Sole Proprietorship to a Private Limited Company

Step-by-Step Process for LLP Registration in India

A Limited Liability Partnership is a form of partnership in business enterprises where all participating members have limited liabilities, which indicates that no single partner would be responsible for any kind of lawful misconduct by any other partner. When all the partners have limited responsibility, we can term it a limited liability partnership. LLP, introduced… Continue reading Step-by-Step Process for LLP Registration in India

GST Amnesty Scheme: Need to Know Everything

GST Council announces a new amnesty scheme for taxpayers who have failed to file the return promptly, with provisions for composition taxpayer revocation of cancelled registration, Aadhar authentication assessment order, late fees for GSTR 9 and GSTR 10, and extended due dates. A notice has been issued by the GST Council on March 34, 2023,… Continue reading GST Amnesty Scheme: Need to Know Everything

Top 5 Factors to Consider When Choosing a Business Structure in India

Introduction: A business’s legal organization is determined by its “business structure.” A business structure in India is an organization’s formal legal framework and the main driver of the range of actions that a company is permitted to engage in. As an organization proprietor always has the potential to change the business structure if necessary, it… Continue reading Top 5 Factors to Consider When Choosing a Business Structure in India

Understanding the Concept of LLP and its Tax Implications

Introduction LLP stands for Limited Liability Partnership. It is a business structure that combines limited liability protection from a corporation with the adaptability and tax advantages of a partnership. Professionals like attorneys, accountants, architects, and consultants who want to run their enterprises cooperatively while safeguarding their assets are big fans of LLPs. LLPs provide a… Continue reading Understanding the Concept of LLP and its Tax Implications

How to Grow Your Business with a Nidhi Company: Strategies and Tips for Success

Are you aware of what a Nidhi company is about? Well, a Nidhi company is a company that falls under section 406 of the Company Act 2013. It is a non-banking financial institution regulated by the MCA. These companies do the business of borrowing from members and lending to the members only. Nidhi companies have… Continue reading How to Grow Your Business with a Nidhi Company: Strategies and Tips for Success

The Importance of Company Registration: Why You Shouldn’t Skip This Step?

Introduction  Company registration can help you acquire an idea of how the future of your company is going to look like. By registering your company, you can create a legal entity that has its own set of rules and regulations and is recognized by the government.  The process of company registration can be a complicated… Continue reading The Importance of Company Registration: Why You Shouldn’t Skip This Step?

What is Virtual Accounting?

Virtual accounting refers to the practice of conducting accounting activities remotely using online tools and technologies. It involves outsourcing accounting tasks to a virtual accountant or accounting firm who works remotely and uses cloud-based software to manage financial records, prepare financial statements, perform bookkeeping, and provide other accounting services without physical presence. The virtual accounting… Continue reading What is Virtual Accounting?

7 reasons why startups should choose Limited Liability Partnerships (LLPs) to start their businesses

Starting a business is not an easy affair. We are often confused about what should be the nature of our business so that we can get the maximum return from our investment. So, here we will talk to you about one such business structure: LLP which has made a major impact on the business world.… Continue reading 7 reasons why startups should choose Limited Liability Partnerships (LLPs) to start their businesses