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What is a Partnership? A partnership is defined as the business relationship between two or more parties who operate together for profit. Partners share both profits and losses, and personal liability is a key feature. They are governed by the…
Minimum Capital Requirement For Companies With Foreign Shareholders Removed Though there were no minimum capital requirements for companies registered by foreign shareholders in Sri Lanka there had been such requirements under certain categories eg Banks, Insurance Companies, Companies engaging in…
The initial and crucial stage of commencing a business involves the registration of your company. However, this is just the beginning, as there are additional essential tasks that require attention. Once the registration process is completed, there are a few…
When starting a new business, one of the fundamental decisions to make is the choice of business structure. In this guide, we’ll explore the pros and cons of registering a business as a sole proprietorship, a popular choice for many…
Company liquidation is a formal process of closing down a business by selling off all of its assets to settle any outstanding debts. It involves appointing a liquidator to oversee the sale of assets with any surplus funds distributed to…