In India, Micro, Small, and Medium Enterprises (MSMEs) are the backbone of the country’s economic growth, generating employment and contributing significantly to the GDP. However, accessing credit has often been a significant challenge for such enterprises, especially for startups and small-scale businesses. This is where responsible lending plays a transformative role. At LendingKart, responsible lending […]
Limited Liability Partnership (LLP): Meaning, Benefits, and Key Features
Registering your business enterprise brings taxation perks, greater credibility, and quicker access to capital to scale operations. Entrepreneurs in India are gravitating towards the preferred LLP business structure to enjoy the flexibility of a partnership, while availing limited liability protection. This unique business structure offers several perks while limiting liability of individual partners, offering
The introduction of the internet has transformed the way businesses operate. With consumers opting for convenience, traditional physical stores are either being replaced by digital stores or are selling goods and services online. By moving their operations online, businesses are reaching audiences across the world more efficiently. In this digital landscape, two fundamental concepts
Companies require access to capital to fund various business operations, undertake new projects, and invest in growth. While many companies may issue shares to the public to raise capital, this option may not be feasible for newly established ventures. In such cases, these companies often resort to issuing debentures instead. This article outlines what
With the demand for smartphones and related accessories skyrocketing, now may be the right time to start a mobile phone business. However, most individuals are not very well-versed in the various aspects involved with starting a business of their own. Whether you are looking to open a retail outlet or an online e-commerce store
The Fast-moving consumer goods (FMCG) sector is one of the most vibrant and rapidly evolving industries in India. From packaged food and beverages to personal care and household products, the FMCG industry in India caters to the daily needs of over a billion people. Some of the key factors that work in favour of
The Income Tax Act of 1961 classifies businesses into speculative business and non speculative business categories, depending on their nature. Businesses with incomes heavily dependent on a specific outcome or probability are termed speculative, whereas all the others are termed non-speculative. The income and losses from speculation business in income tax are treated differently
