LLP: An LLP is taxed as a partnership organization. The income of an LLP is taxed for 30% on profits, plus applicable surcharge and cess. There are no dividend distribution taxes (DDT) in LLPs, which ...

For those keeping score at home, it’s currently two wins for the IRS in as many years, and nada/zilch/zero for the fund managers, at least when ...

The Court of Appeal has remitted the case of BlueCrest Capital Management (UK) LLP (BlueCrest) v HMRC back to the First-tier ...

The team behind one of Bristol’s biggest regeneration projects in the last few decades have unveiled plans for a new transport hub at the city’s biggest train station. Called the ‘Southern Gateway’ ...

LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

As a first-time small business owner, you're responsible for paying federal income taxes according to the rules set by the ...

A family limited liability company (LLC) protects the assets of a family business from creditors. An LLC offers the protection of a corporation with the tax structure of a partnership. A family ...

On January 1, 2024, the Corporate Transparency Act (the “Act”) went into effect. The Act requires all non-exempt corporations, limited liability companies, and partnerships created or registered to do ...

A Foreign Limited Liability Partnership (LLP) is an LLP formed and registered outside India based on the law of that country. After establishing a business in India, a foreign LLP should register with ...

And not all PTPs are MLPs; some could be publicly traded limited liability companies (LLC) that have decided to be taxed as a partnership. Just as with ordinary shares, when investors sell shares ...

A limited partnership's purpose is to protect the partners from personal liability while allowing them to reap the benefits of a larger business entity. It provides little liability protection for the ...

Besides, the Institute of Chartered Accountants of India (ICAI) has sought a special tax regime for partnership firms and limited liability partnerships (LLPs) as well as simplification of income tax ...