We have three different type of legal structure to start a business in India i.e. proprietorship, partnership and company. Each and every form of business has its own merits and demerits. Based on your requirements, you can decide the type of legal framework best suitable for your business.Even though company form of business is the best legal structure to get started your … [Read more...] about Top 5 reasons why you shouldn’t start a company
5 reasons why a company is the right structure for your startup
Before starting your business, you must decide it's the legal framework. The legal framework of a business determines the share of profit/losses and responsibilities to business associates, investors, creditors, and employees.This article will help you to understand why a company is a right structure for a startup in India.To start a business, you have the following … [Read more...] about 5 reasons why a company is the right structure for your startup
Complete Guide to Starting a Partnership Business in India: Key Features, Benefits, and How to Register
Starting a business can be an exciting journey, and one common way to do this in India is by forming a partnership. A partnership means that two or more people come together to run a business. Each person contributes something, like money, skills, or effort, and they share both the profits and the risks of the business.In India, many small businesses choose to operate as a … [Read more...] about Complete Guide to Starting a Partnership Business in India: Key Features, Benefits, and How to Register
How to Start a Sole Proprietorship and Succeed: A Step-by-Step Guide
A sole proprietorship is one of the easiest and most common ways to start a business. It’s a business owned by just one person, where the owner makes all the decisions, manages everything, and is responsible for any debts or problems.If you want to start a business but don't want to deal with a lot of paperwork or complicated steps, a sole proprietorship might be perfect … [Read more...] about How to Start a Sole Proprietorship and Succeed: A Step-by-Step Guide
How Does Income Tax Apply to EPF Withdrawals in India?
To discourage premature withdrawals from the Employee Provident Fund (EPF), the government has introduced Section 192A. According to this section, tax deducted at source (TDS) must be deducted from EPF withdrawals if certain conditions are met.The Employees' Provident Fund (EPF) is a savings plan for workers to help them save for retirement. Each month, 12% of an employee's … [Read more...] about How Does Income Tax Apply to EPF Withdrawals in India?