February 6, 2025
LLPs in India are taxed under the Income Tax Act, 1961. Here’s a breakdown of the applicable taxes: LLPs are taxed in a straightforward manner, making […]
February 5, 2025
Ahmedabad, known as the commercial hub of Gujarat, is an excellent place to start a Limited Liability Partnership (LLP). With its thriving economy and business-friendly environment, […]
January 31, 2025
Eligibility Conditions Before initiating the closure, ensure the LLP meets these criteria: 1. No Transactions for 1 Year: The LLP must not have carried out any […]
January 4, 2025
This Limited Liability Partnership Agreement (“Agreement”) is made and entered into as of [Date], by and among the following partners: 1. [Partner Name], residing at [Address]; […]
August 15, 2024
The choice between LLP (LIMITED LIABILITY PARTNERSHIP) and PRIVATE LIMITED COMPANY depends on various factors: In summary, LLP’s (LIMITED LIABILITY PARTNERSHIP) are more suitable for small […]
August 1, 2024
I. Increase in Limit of Remuneration to Working Partners · Current Limits: On the first ₹ 3,00,000 of book profit or in case of a loss: […]