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1 day ago · LLP Management involves the administration and oversight of a Limited Liability Partnership (LLP), including: – Daily Operations: Managed by all partners unless specified otherwise in the LLP Agreement. – Delegation: Management powers can be delegated to specific partners, such as a Managing Partner, per the LLP Agreement.
4 days ago · Traditional law firm profit sharing formulas. Let’s look at an example. If there are 10 equity partners involved in a firm, and the firm made $1 million in net profit, the following would be the calculation per partner: $1,000,000 net profit / 10 equity partners = $100,000 profit per partner. However, this only works if the partnership ...
2 days ago · The following are the essential documents required for GST registration of partnership firms: Partnership Deed: A legally binding document that outlines the terms and conditions of the partnership, including details of the partners, profit-sharing ratio, and business activities. PAN Card of the Partnership Firm: A Permanent Account Number (PAN ...
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1 day ago · Title: Plan India Breaking Down the Barriers for Girls 1 Plan India Breaking Down the Barriers for Girls. Palika (name changed) is 20 years old and lives in a rural village in Bihar. She is an active and well known youth champion. Palikas association with Plan India began eight years ago when she joined a Childrens Club. She
3 days ago · Only manufacturers of goods, dealers, and restaurants (not serving alcohol) can opt for the composition scheme under Section 10. However, service providers can opt into a similar scheme for composition dealers notified by the CGST (Rate) notification no. 2/2019 dated 7th March 2019 where the total turnover limit is Rs.50 lakh.
4 days ago · Rs 200 (Rs 100 each under CGST and SGST Act) 0.50% of turnover in state/UT (0.25% each under CGST and SGST Act) Further, for financial years up to 2021-22, the late fees for not filing the GSTR 9 within the due date was Rs 100 per day, per act. That means late fees of Rs 100 under CGST and Rs 100 under SGST were applicable in case of delay.
4 days ago · Eligibility. In order to qualify for a business license, individuals usually must meet the following criteria: Be of legal age, usually 18 years or older. Have a registered business name and physical address. Adhere to specific local, state, or industry regulations. Ensure that the business complies with zoning and environmental laws.
