Advantages of Society Registration

Getting a Society registered is quite difficult as it involves cumbersome procedures. Additionally, several Society members must approve it. However, it has its own advantages as well. Registration confers upon a Society its legal status as a separate entity. As a result, the Society would be able to buy, sell, rent, or lease property itself. The Society will not be held personally liable for the debts incurred by the Society, nor will the members of the Society be held personally liable for the debts incurred by the Society. A registered Society also benefits from a number of tax benefits, which […]

Why Trademark Search Is Essential For Your Business?

The trademark attorneys encourage the guests to search the trademark before getting linked to the term and fiscal commitment. It’ll fluently take two full days to finish the trademark hunt. The first one is the knockout or primary hunt done on the Indian Trademark Registry database. The alternate bone is the full- hunt or wide- ranging which is conducted after the primary hunt. The full hunt requires a professional hunt agency. numerous people have the same kind of questions when it comes to trademarks. The first one being, why to do a trademark hunt? This question is frequently posed by […]

What Is the Process for Obtaining a Trade License Online in Chennai?

You need to get a trade license if you want to stay out of trouble! If you’re looking to start a business, you definitely need to! Trade Licenses serve as a government validation that an individual or organization can commence a business. The document is essential for starting a business in India and aims to standardize and legalize trade. In India, this licence ensures that businesses follow certain rules and regulations, and helps to maintain checks and balances.  The following information will guide you through the process of obtaining a Chennai trade license. Trade Licence under the Shop and Establishments […]

Are Partnership Firms Able to Become Partners in Other Firms?

How does a partnership firm work? Partnerships are formed by a number of people forming a single legal entity. To split the profits from the company, they form a partnership, which is managed either by all of the partners together or by one partner on behalf of the others. Their partnership is governed and controlled by an agreement they created between them. Partnership firms are among the most common types of commercial organizations in India. As a partner, you must meet the following qualifications Planning to start a firm registration online will require you to understand the requirements for becoming […]

Does India allow the registration of Memoranda Of Understandings (MOUs)

During the course of doing business, business organizations often enter into various agreements. In order to develop a grand alliance with other potential business collaborators, vendors, joint ventures, or agents, these companies usually enter into an agreement with them. There is some ambiguity surrounding whether the memorandum of understanding is legally binding. What is a memorandum of understanding? In a nonbinding contract, a memorandum of understanding describes the intention of two people or businesses to work together. Indians also refer to memorandums of understanding as letters of intent. The mere fact that the contract is called a memorandum of understanding […]

Scope of Work Documents: The Ultimate Guide

This is our guide to scope of work documents (SOWs). We explain what SOWs are, how they work, what you need to include, how to draft one, and how to ensure your managers and team members stick to it. How does a scope of work document work? A scope of work document (SOW) outlines the various elements and responsibilities of a project, including its life cycle, timeline, and size. SOWs are generally written by project managers for employees or contractors. A SOW is the primary document informing a project, so it should be clear, concise, thorough, and easy to understand. […]

Important Aspects of Forming a Company in Australia

Benefits of Australian Company:   A thriving market in the World:- Australia ranks her fifth in average disposable income per household, according to the OECD’s Better Life Index. This means more people are spending compared to many other parts of the world, which creates great business conditions. As investment capacity increases, this translates into benefits such as government incentive schemes (such as generous R&D tax incentives) and reasonable corporate-level tax rates. Australia’s small business sector is very strong due to its progressive tax system. Corporate tax will be reduced from 30% to 20% over the next 10 years. Well-regulated corporate […]

Qualifications for ESIC Registration

If there are more than ten employees (in some states it is 20 employees) with a salary up to Rs. 21,000/-, the establishment must register with the ESIC within 15 days of becoming eligible for registration. An employer will contribute 3.25 % of the total monthly salary of his employees under this scheme, while the employee will only be expected to contribute 0.75% of his monthly salary. In addition to paying his contribution, the employee is exempt from doing so if his salary is less than Rs. 176/- per day.   Under Esic, There Are a Number of Entities ESI […]

How Does a Project Financing Agreement Work?

An agreement for project financing is a type of loan agreement, or a lease contract and similar statements between the state and the party for whose benefit the project is being developed or funded with lent funds. A project finance agreement is required to deliver revenue from such construction and construction activities as well as monthly expenditures by the contracting party sufficient to meet the debt service charges. Key Parties to a Project Financing For a project to be completed, money is borrowed from various entities. Private Sector Partner or Project Owner: Normally a corporation or a limited partnership is […]

Online GST Registration – An Overview

As of July 1, 2017, Goods & Services Tax (GST) applies to all Indian service providers (including freelancers), traders, and manufacturers. On 01.07.2017, a variety of Central taxes, such as Service Tax, Excise Duty, CST, and state taxes, such as Entertainment Tax, Luxury Tax, Octroi, VAT, were merged into one tax – GST. At every step of the supply chain, GST will be charged with full set-off benefits. No manual intervention is required in the GST process. The supply chain for any product involves a number of stages, including purchasing raw materials, manufacturing, selling it to the wholesaler, selling it […]