In a partnership , there are two primary types of members: general partners and limited partners. While both play essential roles in the business, they differ significantly in terms of responsibilities, rights, and liabilities. This article compares and contrasts the two types of members to highlight their unique features. 1. What is a General Partner? […]
A Limited Liability Company (LLC) is a business structure that provides its owners with limited liability protection while offering flexibility in management and operations. It is a popular choice for entrepreneurs due to its balance of legal protection and organizational freedom. What is a limited liability company? Limited liability company (LLC) is not specifically defined […]
In the context of corporate expansion, businesses frequently establish either representative offices or branches to extend their presence in foreign markets. While both serve as extensions of the parent company, they differ fundamentally in terms of legal person status, operational scope, and regulatory obligations. A clear understanding of these distinctions is essential for companies seeking […]