It is a type of business entity held by a small group of people (like family, friends, or private investors) where the liability of each shareholder is limited to the amount of shares they hold.
It’s a popular choice for professionals (lawyers, consultants, architects, accountants) and small businesses looking for a flexible management structure without risking personal assets beyond their capital contribution.
OPC stands for One Person Company — it’s a type of private company in India that allows a single individual to own and run a company with limited liability.
A partnership firm can be formed in two ways — either by executing a notarised partnership deed or by registering the firm with the Registrar of Firms under the Indian Partnership Act, 1932.
A sole proprietorship is the simplest and most common form of business ownership.
Indian subsidiary company is a company incorporated in India that is controlled or owned by a foreign parent company.
It is a government certification in India for Micro, Small, and Medium Enterprises (MSMEs). It’s a recognition that your business falls under the MSME category, once it is done, it’s valid for a lifetime.
It is a mandatory code for all those entities who is looking to engage in import or export activities. It’s issued by the Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce and Industry.
FSSAI registration is mandatory for all those entities who are involved in the food business in India, whether it’s manufacturing, processing, packaging, storage, distribution, or retail.
Each Indian state has its own Labour Department or Municipal Corporation responsible for implementing the Shops and Establishments Act in their jurisdiction.
It is a registration of an entity with accredited body to comply with a specific ISO (International Organization for Standardization) standard.
It is a tax levied by state governments in India on individuals earning an income through salary, profession, or employment.
GST, or Goods and Services Tax, is an indirect tax imposed on the supply of goods and services.
LUT stands for Letter of Undertaking. This is obtained to export goods or services without paying IGST (Integrated GST).
GST registration can be cancelled when a business discontinues, transfers ownership, changes its legal structure, or no longer crosses the GST threshold limit.
GST (Goods and Services Tax) advisory services are professional services offered by tax consultants, Chartered Accountants, Company Secretary or firms to help businesses navigate, comply with, and optimize their tax obligations under the GST framework.
Revocation is applied only when your GST registration was cancelled by the department, not if it is voluntarily cancelled.
companies are governed by the Companies Act, 2013, and Limited Liability Partnerships by the LLP Act, 2008.
A Public Limited Company has higher compliance requirements due to public interest.
