Small businesses are privately owned corporations, partnership or sole proprietor that has fewer employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as “small” in terms of being able to apply for government support and qualify for preferential tax policy varies depending on the country and industry.
Efficient Accounts Receivable (AR) controls are an integral part of cash flow management that have serious repercussions on the company’s sales and profits. Accounts Receivable controls must be an integral part of any company’s financial management system. When cash flow problems surface on a regular basis, it is inevitably a sign that Accounts Receivables are poorly managed.
One Person Company was introduced in India through Companies Act 2013, a new concept which brought a great relief for many Entrepreneurs. Section 2(62) defines OPC as a Company which has only one person as a member. He is the shareholder and the Director at the same time.
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