Category: Startup Resources

Converting a Partnership into LLP [Whiteboard Friday]

General Partnership is an unlimited liability form of doing business. As business grows, it may make sense for existing Partnership to convert to a better structure like LLP so as to limit Promoter’s liabilities. In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about how to go about converting a Partnership into a LLP. It also looks at various tax and compliances that…

Starting a Liaison Office in India [Whiteboard Friday]

Foreign companies looking to do business with India may need an office to promote the imports/ exports or to represent them in a better fashion with customers and suppliers. In scenarios where only a base is needed to promote various activities and communication exchange, it is advisable to setup a Liaison office in India which offers multiple relaxations from local taxes and compliances. In this…