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May 24, 2024 · Updated on: 24 May, 2024 06:24 PM. When starting a business, the first thing to do is choose the right legal structure as per your requirements. Two popular options are Limited Liability Partnership (LLP) and company. Both structures have their advantages and disadvantages.
May 12, 2024 · A code of ethics in business is a set of guiding principles intended to ensure a business and its employees act with honesty and integrity in all facets of its day-to-day operations and to only engage in acts that promote a benefit to society.
- asapiro@insec.com.br
May 17, 2024 · Limited Liability Partnership (LLP) refers to a type of partnership where members share limited liabilities towards a venture, depending on their share of investments. In this business structure, members get their share of profits while enjoying significant relief with restricted liabilities.
5 days ago · A limited partnership (LP) is a business owned by two or more parties. These must include at least one general partner who runs the business and has unlimited liability for any...
5 days ago · Limited Liability Partnerships (LLPs) are recognized as separate legal entities, and therefore, they are bound by specific compliance obligations. The responsibility for ensuring compliance rests with the Designated Partners of the LLP. The key LLP compliance requirements for LLPs include the following: Maintenance of Proper Book of Accounts.
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- LLP Annual Filings refer to the mandatory submissions and reports that Limited Liability Partnerships must file annually with regulatory authoritie...
- These filings are crucial for upholding the legal status of an LLP, ensuring transparency, financial accountability, and credibility.
- Non-compliance can result in penalties of up to INR 5 lakhs for LLPs, making it essential to meet annual filing obligations.
- Key compliance requirements include maintaining proper books of accounts, filing annual returns (Form 11), filing statements of accounts (Form 8),...
- Form 11 should be filed within 60 days after the financial year-end, typically by May 30th each year.
- Late filing of Form 11 can result in penalties of INR 100 per day of delay.
- Form 8 should be filed within 30 days from the conclusion of six months after the financial year ends.
- Form 8 can be digitally signed by two designated partners of the LLP and must be certified by a company secretary, chartered accountant, or cost ac...
- Late filing of Form 8 can result in penalties of INR 100 per day of delay.
May 23, 2024 · LLP Compliance Post Incorporation. Last updated : May 23rd, 2024 05:49 pm. Post incorporation of a Limited Liability Partnership (LLP), certain compliance and procedural matters need to be completed to ensure the smooth functioning of the LLP.
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May 22, 2024 · Setindiabiz Team. May 22, 2024. This blog discusses the numerous advantages of limited liability partnership (LLP) registration in India. Get a complete picture of the advantages of limited liability partnership with its disadvantages and tax benefits to analyse the suitability of LLP incorporation for your business.
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related to: what is the definition of llp in india business ethics codeWant to form an LLP? Rely on SuperCA for a seamless LLP company registration experience. SuperCA simplifies LLP incorporation, making the setup swift & affordable.
