A letter of credit is highly customizable and effective form which enables new trade relationships by reducing the credit risk, but it can add on to the cost of doing some uncertain business in the form of bank fees or formalities.
It is basically a letter issued by one Bank to another as […]
What is an Export and Export Market?
Export basically means shipping of goods and services out of the legal jurisdiction of a country, it consists of two parties exporter and importer. The exporter is the one who sells and Importer is the one who buys. Internationally Export means selling of goods and services produced in home […]
Every business owner wants his/her business to grow and expand at a fast pace. There are many ways by which a small business can grow and expand rapidly.
The following article gives a detailed view of what are the tips that are required for the expansion of small businesses and what are the areas where small […]
The common definition of trade license is a bit straight forward and somehow legalistic. A trade license documents allow you right to operate your business in a particular area. It does not refer to any kind property ownership and does not allow to do any other business than for it is issued.
The license […]
A Nidhi company is one which is established with the objective of increasing thrift and savings among its members. The borrowing and lending of money are restricted to its members only for their mutual benefit. It has been recognized under the section 406 of Companies Act 2013 and (Nidhi Companies) Rules, 2014. The main idea […]
A proprietorship firm means the firm is no different than its proprietor, i.e, the owner. It is not a company so to say and it is not necessary for a proprietorship firm to be registered under Companies Act or Establishment Act.
As the sole proprietor of the firm, the first thing that has to be done […]
