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Sole Proprietorship vs One Person Company: Which Should You Go For in India?

Article by  Smrithi Shibichakravarthy. As an entrepreneur, managing your business single-handedly means that your business could be considered either as a sole proprietorship or as a one-person company (OPC).  Though both of these terms sound alike and have major similarities there are also a few very important differences which you need to be aware of in order to take your business down the path you’re looking for.  There are differences concerning entities, liabilities, taxation, and succession. Based on the type of business you’re running, and the business you one day want it to be, it’s important to understand these differences before declaring it as a sole proprietorship or OPC.  Through this article, you’ll be able to choose which one you want to go for in order to ultimately achieve your business goals.  What is a Sole  Proprietorship? To start with the basics, we need to understand the term ‘sole proprietorship’: The Government of India defines a sole proprietorship as a “on

Affidavit: The Complete Guide

This guide explains all the various facets of affidavit. The contents of the guide are - Affidavits Definition Functions of Affidavit When Should You Use an Affidavit?  When Should You Not Use an Affidavit?   Types of Affidavits.  Do I need a lawyer for drafting an affidavit?   How much does it Cost to Prepare an affidavit?   How to Write an Affidavit?   Common Mistake(s) While Writing an Affidavit   List of documents required for filing an affidavit.   What is an Affidavit? Affidavits may be defined as a written, sworn statement of fact voluntarily made by an person under an oath or affirmation administered by a person authorized to do so by law. The person who makes the affidavit is known as the  affiant or deponent and the person who administers it is usually a notary . Affidavits are often used in court proceedings. The person making the affidavit provides the Court with a written statement of details that he wishes to submit regarding the case at hand.  The person submitting the

7 Key Ways How Law Firms are Marketing Themselves: Disclosed!

Marketing your law firm is no easy task. While a huge percentage of individuals and businesses search for lawyers and law firms online, most law firms are not prepared when it comes to taking their business digital. Of course, juggling a law firm management, handing your legal practice is never an easy task. Adding to that, digital marketing often takes a long time to present visible ROI (unless it's via PPC ads ). As such, most lawyers are confused as to how they should begin or go ahead with marketing their law firm. And the best way to learn that would be from other lawyers and law firms themselves.  This learning shouldn't be limited to just the successes by law firms, but should cover the challenges faced by law firms, the marketing plans made by lawyers, how lawyers are approaching their marketing needs - whether they are doing it in-house or outsourcing their marketing needs, and of course, the success and failures faced by the law firms and legal practitioners. To get