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  1. May 18, 2021 · The companies incorporated under the Companies Act have a corporate legal personality that is distinct from that of the Government of India. The Government only owns the share capital, the rest of other things like the land and buildings are owned by the company itself. A government company may also wind up like other companies under the Act. 3.2.

  2. Jan 5, 2024 · Your business structure affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your personal liability. You'll need to choose a business structure before you register your business with the state. Most businesses will also need to get a tax ID number and file for the appropriate licenses and permits.

  3. May 1, 2024 · 1. Separate Legal Entity. This is one of the best features of a company. When an entity is registered as a company by the rules and laws established under the Companies Act, 2013 then only the entity gets the identity of a Separate Legal Entity. This feature provides the company with all the rights that a human being of that country enjoys.

  4. Jan 12, 2024 · Business structures. When beginning a business, you must decide what form of business entity to establish. Your form of business determines which income tax return form you have to file. The most common forms of business are the sole proprietorship, partnership, corporation, and S corporation. A limited liability company (LLC) is a business ...

  5. Dec 5, 2022 · 3. Limited Liability Company (LLC): Best for Liability Structure. 4. Limited Liability Partnership (LLP): Best for Professional Businesses. 5. C-Corporation: Best for Outside Investment ...

  6. May 17, 2016 · Types of company categorised by members’ liability. – Companies limited by shares. – Unlimited companies with share capital. – Companies limited by guarantee. – No liability companies. By: Practical Law. The dedicated legal writers over at Practical Law have gained experience in leading law firms and in-house legal departments.

  7. List of Expenses Allowed as Deduction Under Section 37(1) From Business Income. Here is a list of expenses allowed under Section 37: Interest on Business Loans Interest payments on loans taken for business purposes are liable for deduction under Section 37(1). However, it must not be used for the company’s capital expenditure. Legal Fees