Benefits of One Person Company over Sole Proprietorship

By | 2020-08-13T21:57:06+05:30 August 13th, 2020|Categories: Uncategorized|

Businessman are always  revered in the society. This is because businesses create jobs (employment generation) and enable the mobilization of resources. This in turn leads to the development of society. However, single businessman on their own were not given a corporate identity until recently. It was only in the year 2013 that single business owners were given the option to [...]

How to obtain Wholesale Drug License

By | 2020-08-05T19:51:48+05:30 August 5th, 2020|Categories: Uncategorized|

India is one of the largest drug market in the world. This is primarily due to the large population. Pharmacies in India are abundant and so are wholesale drug outlets. However, this thriving business opportunity comes with its fair share of complications. To enter the market, a business must have a drug license. In this article, we explain how to [...]

Process to close LLP in India

By | 2020-08-04T18:48:44+05:30 August 4th, 2020|Categories: Uncategorized|

A Limited Liability Partnership (LLP) is a relatively new form of a business entity. It was introduced in the year 2008 through the Limited Liability Partnership Act. An LLP is a combination of a company and a partnership since it shares a lot of common traits with the two. In previous articles we covered: the list of documents required for [...]

Impact of Coronavirus on Business

By | 2020-07-21T01:56:36+05:30 July 21st, 2020|Categories: Uncategorized|

The coronavirus pandemic has had a drastic impact on the global economy. Quite obviously, a pandemic results in large scale disruptions. However, the damage caused by COVID-19 has surpassed all initial predictions and resulted in unprecedented loss. In this article, we cover the impact of coronavirus on business. Pre-Covid Workspace Post-Covid Workspace         [...]

Flipkart Seller Registration

By | 2020-07-18T14:23:12+05:30 July 16th, 2020|Categories: Uncategorized|

Flipkart is one of the most used e-Commerce platforms in India. It was recently acquired by Walmart in a multi-billion dollar deal. Similar to the other E-Commerce platforms, Flipkart has contributed massively towards the growth of small businesses in India whether it be retail or wholesale. In a previous article we covered the process of Amazon seller registration, In this [...]

Udyam Registration

By | 2020-07-18T14:24:52+05:30 July 15th, 2020|Categories: Uncategorized|

MSMEs are one of the driving forces of the economy. Privately held businesses create jobs and result in the mobilization of resources. They contribute to the development of the society and the nation as a whole. Realizing their importance and also to incentivize people to start businesses, the government on 1st July 2020 launched Udyam Registration. Udyam Registration deals with [...]

How to Close a Private Limited Company in India

By | 2020-07-10T11:41:55+05:30 July 8th, 2020|Categories: Uncategorized|

A private limited company is easy to incorporate when compared to a public company. However, the ease of incorporation has little to do with the conduction of business. When the business does not effectively function or runs into losses continually, it becomes mandatory for the business owners to permanently discontinue their company’s business operations. The closure of a Private Limited [...]

Amazon Seller Registration

By | 2020-07-18T14:28:47+05:30 July 4th, 2020|Categories: Uncategorized|

The business of retail has grown tremendously as a result of online shopping platforms. Along with the growth of retail, the distribution sector has been affected positively as well. Online shopping platforms allow sellers more exposure than traditional shopping. They give more visibility to the sellers and their products. Sellers can now sell their products to potential customers residing in [...]

Process of LLP registration

By | 2020-07-09T17:21:35+05:30 July 1st, 2020|Categories: Uncategorized|

Limited Liability Partnerships (LLPs) are corporate entities which combine the traits of a Private Limited Company and a Partnership. An LLP features limited liability for its members but at the same time does not involve them with excessive compliance. Unlike a company, it does not issue shares. It is a feasible option for entrepreneurs and other businesses where the business [...]

Documents required for OPC registration

By | 2020-06-29T19:13:09+05:30 June 26th, 2020|Categories: Uncategorized|

One Person Company comes across as a feasible option for entrepreneurs with small businesses. Unlike sole proprietorship the concept of One Person Company (OPC) protects its owner from unlimited liability. It was introduced in the Companies Act, 2013. Earlier, the process of registration was long and complicated but it has since been streamlined. In a previous article we covered the [...]

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