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 MSME as everyone knows refers to Micro, Small, and Medium Enterprises. In rapidly developing and growing countries like India, MSME companies and industries play the role of the backbone of our nation’s economy. The MSME (Micro, Small & Medium Enterprises) sector contributes about 45% of India’s overall industrial employment and 50% of India’s total export, and more than 6000 kinds of products are manufactured in the market. You need to know that when the industry expands and grows, the economy of the nation grows and thrives. Such industries are also referred to as small-scale industries. Before you sign up for  SSI registration online , you must know what it is and its advantages to businesses. What are MSME (Micro, Small & Medium Enterprises)? The Indian government has introduced MSME or in other words, Micro, Small, and Medium Enterprises agreeing with MSMED (Micro Small and Medium Enterprises Development) Act of 2006. These industries largely engage in the prod...

Many people get confused with LLC and LLP. They think that they both are the same but that's not true at all. LLC is a Limited Liability Company and LLP is a Limited Liability Partnership in India. The LLC is a corporation out of India. The LLP is a combination of considered a corporation and a partnership both. To provide the biggest benefits for taxation and liability protection. For income tax purposes, the LLP is not a separate company, and gains and expenses are passed on to the partners. The process in LLC is completely different. In this article, you will have a clear understanding of what is LLC registration and How LLC and LLP are different. A limited liability company (LLC): Introduction A limited liability company is a legal entity that combines a corporation's limited liability security with the partnership's tax benefits and is usually preferred by small businesses. An LLC may have one or more shareholders, which may include companies, individuals, foreign en...