Introduction: Being a property owner gives you the power to create types of charges on property that act as security interests, safeguarding your assets and guaranteeing that your debts are paid. These fees apply to both moveable and immovable property and are regulated by the Transfer of Property Act of 1882. In this post, we will discuss the many charges that can be made against your...

Introduction: In the corporate sector, businesses use different models to manage their operations and finances effectively.  The two most prevalent types of businesses are holding and auxiliary, each of which describes its benefits and roles. Let’s dive into gaining knowledge on the key differences between holding and auxiliary companies. What does holding a company mean? A holding...

Introduction  Do you know why patent registration is important? If you don't have a clear idea about patent law and why registration is important, don't worry. This blog covers information like Patent Law in India, "What is a Patent?", Patent Filing Process in India and Patent Rights in India.  Like copyrights, geographical indications, trademarks and designs, patents are forms of...

Introduction A business plan is essential for a company’s inception, growth, and overall success. These plans give a company a clear vision for the future as well as a strategy for expanding. An effective strategy has several essential components and understanding each of these components can help you create a plan that will lead your company to success. this blog includes 7 Important...

Introduction All partnership firms are required to file income tax either manually or digitally. Income tax for a company can be validated with a digital signature or Electronic Verification Code (EVC). When a partnership firm needs to be audited, it is required to file its Income Tax Returns electronically (ITR). All partners must have a Class 3 Digital Signature Certificate (DSC) for filing...

The advantages of Employee Stock Ownership Plans (ESOPs) for Private Limited Companies Introduction  In the competitive business climate of today, organizations are always looking for novel ways to draw in, inspire, and keep bright workers. Employee stock ownership plans (ESOPs) are one such method that has become very popular among private limited companies. Instilling a sense of...

What errors should you not make while requesting an Employer Identification Number (EIN)? Introduction   When forming a Limited Liability Company in the USA, submitting an EIN application is a crucial step. The Internal Revenue Service (IRS) issues an EIN, a special nine-digit number, to identify a company organization for tax reasons. To avoid delays and other problems, there are a few...

Role of Private Limited Companies in CSR Initiatives   Introduction  Companies now recognize the value of making contributions to society beyond their financial objectives, which has led to the development of corporate social responsibility (CSR), an essential component of the business environment. Private limited companies have become significant forces behind CSR initiatives in...

What are the mistakes to avoid while applying for an ITIN in the USA? Introduction    In order to comply with by Internal Revenue Service (IRS) rules, non-residents who make money in the US must obtain an Individual Taxpayer Identification Number (ITIN). A nine-digit number known as an ITIN is given by the IRS to anyone who must report taxes but are not entitled to a Social...

What exactly is a borrowing clause? What information should be included in an LLP agreement's borrowing clause? Introduction  An LLP can borrow money from its partners, banks, financial institutions, and other institutions. In the LLP agreement, the partners should include a borrowing clause. Because it allows the partners to borrow money for the LLP, a borrowing provision is often known...