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LIMITED LIABILITY PARTNERSHIP

  LIMITED LIABILITY PARTNERSHIP 1. Limited Liability: One of the most important features of a limited liability partnership is that the partners are not personally liable for the debts, obligations and liabilities of the business. This type of protection provides the partners with peace of mind that their personal assets will not be used to cover any business losses. 2. Flexible Governance: A limited liability partnership does not require vast amounts of paperwork as most of the governance of the business can be created by the partners themselves. This allows the partners to create a governance arrangement that best suits the business’ needs. 3. Continuity of Business: In the event of the death or departure of a partner from the business, the remaining partners can continue the business without any disruption. This is due to the fact that limited liability partnerships are not dependent on the individual partners, but rather the business as an entity. 4. Tax Advantages: Limited liabili
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Meaning of Payroll Audit and Benefits of Internal Payroll Audit

  Payroll Audit: Meaning, Benefits, and Process to perform Internal Payroll Audit Table of Content Introduction Meaning of Payroll Audit of a Company Benefits of an Internal Payroll Audit The process to perform an Internal Payroll Audit of a Company Take away  Introduction Payroll processing is arguably one of an employer’s most important responsibilities. It poses numerous challenges to HR and payroll professionals. One small error can ruin many things, including one’s reputation. Naturally, finding a reputable payroll service provider who will ensure that the organization’s niche requirements are met is critical. The first step, however, is to conduct regular payroll audits. This article will cover information on Internal Payroll Audit, the Benefits of Payroll Audit, and the Process to perform an Internal Payroll Audit of a Company. Meaning of Payroll Audit of a Company A payroll audit is an examination of a company’s payroll process in order to ensure its accuracy. Payroll audits lo

A Guide to Renew a Trust License in India

  What is a Trust License in India and How to renew it? Table of Content Introduction What is Trust License in India? What is Trust in an Indian Context? List of documents required to renew a Trust License in India What is the procedure to renew Trust License in India? Conclusion Introduction The Indian Trusts Act of 1882 has been used to register many recent charitable trusts in India. Providing education, health care, financial aid, and environmental programs are just a few of the problems that charity trusts aim to address. Trust registration is the procedure of legally authorizing an institute/trust for the proper authorities of the area. The legalization of the trust is very advantageous and permits tax exemption. In this article information on “How to renew a Trust License in India?”, and Documents required to renew a trust license is mentioned. What is Trust License in India? The process of legalizing the trust deed (a binding legal agreement between the settler and the trustee)

A Complete Guide to reduce personal taxes

  How to reduce personal taxes? Table of Content Introduction What are personal taxes? What are the ways to reduce your personal taxes? Conclusion Introduction People are always looking for ways to pay less in income taxes and there are numerous ways to accomplish this. Everyone wants to save more money and build a strong financial future that can support them even in the absence of a regular income. Savings are important to the achievement of any financial strategy, and for good reason. Paying income tax on all of your taxable income, though, can cut into your savings and leave you with less money to put toward future planning. This article will provide you with information on “How to Reduce Personal Taxes.” What are personal taxes? The government levies a system of taxes called personal income tax on the amount of income generated by individuals. Taxpayers are required by law to file an income tax return each year in order to establish their tax obligations. The government of India d