Top Business Consultants in India- BIZ Consultancy

  Picking the right structure for your business is very important for startups in India. Two of the most common choices are   Private Limited Company (Pvt Ltd) registration   and   Limited Liability Partnership (LLP) registration . These two options have their own unique advantages and drawbacks, so it’s important for business owners to know the difference before deciding. This blog will give you a clear and complete comparison, helping you select the best structure for your startup. Private Limited Company vs LLP Understanding Private Limited Company and LLP Private Limited Company A Private Limited Company is a type of business structure that follows the rules of the Companies Act, 2013. It gives its shareholders limited liability, meaning their personal belongings are safe even if the business has debts. This structure works best for businesses that want to grow quickly, get investments from outside sources, or operate in industries with higher risks. Limited Liab...

Non-profit organizations play an important role in helping communities and supporting growth in India. They usually don’t have a regular way to earn money. Instead, they depend on grants, donations, and other types of support to keep running and achieve their goals. The 12A and 80G registrations are ways the government encourages people to support these non-profits. Let’s see how these registrations work! What is Section 12A Registration? Section 12A registration exempts NGOs from paying income tax on surplus income. This means your NGO can focus more on its mission rather than worrying about hefty tax bills. For guidance, online tax consultants can be very helpful in navigating this process. Section 12A of the Income Tax Act explains how the rules in Sections 11 and 12 apply to NGOs. Section 11 says that some types of income don’t count towards the total taxable income for the previous year. Section 12 adds that this includes any money received from grants and donations meant for char...