The time taken to open a business account may vary depending on the provider you choose (traditional bank or non-bank alternative) and the method needed to apply (in-branch or online). Modern non-bank alternatives like Airwallex can often get you up and running as quickly as 1-2 business...
Here’s a quick guide to choosing a business structure for startups. Sole proprietorship Partnership Limited Liability Partnership Private Limited Company What it is A business that is owned and controlled by one person or company. A business that is owned by 2 - 20 partners. The partner ...
Practice Group, shared the following view “While sole proprietorships and partnerships have less compliance formalities than private limited companies and cost less to set up, you or your business partners can be sued personally and be made personally liable for the mistakes made by the business....
Incorporating a company was a must for many as against going for sole proprietorship as an incorporated company helped the entrepreneurs to limit theirliabilitiesand avail more tax benefits. One Person Company or OPC hence became that business structure through which an individual can incorporate a co...
What is the Annual Income Tax Return or ITR for? The Income Tax Return or ITR that most people refer to is actually the annual tax form that individuals file every April 15th of the following year. This form summarizes all of the income (or loss) you have incurred for the past year. ...
Depending on the agreement you strike up with an on-premises PBX supplier, you can pay a fixed price for your call center system regardless of how many people in your company use it. Per-desk charges apply mainly to cloud-hosted systems. In our review of the best business call center sy...
Any company, whether a sole proprietorship, LLP, AOP/BOI, etc. Any charitable organisation, trust, or association. Other than this, any minor, who is a potential future taxpayer, has to apply for a PAN card for the minor. From this, you can get a clear idea that there is no bar to...
If you have started as a proprietor then no need to apply for a separate PAN card in the name of your business. Other than proprietorship business, requires a separate PAN card in the name of business. For example, if you have started a private limited company or partnership business in ...
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