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CRN in business means Company Registration Number that a firm is given when it is registered in the official corporate registry. This figure serves as the company identity that will never change and must be used in all legal and other financial operations. It assists authorities to verify ownership, audit business records and enforce domestic laws. The companies are required to present their CRN on the invoices, contracts, websites and correspondence. The CRN is also involved in the administration of taxes and financial reporting. A business is not allowed to operate and receive essential services like banking and government tenders without a CRN. what is crn
LLP meaning stands for Limited Liability Partnership, a hybrid business structure that protects partners from being personally liable for each other’s actions or the firm’s debts. It blends the operational flexibility of a traditional partnership with the liability protection typically found in corporations. LLPs are popular among professional service providers—such as lawyers, accountants, and consultants—because they allow shared management while safeguarding personal assets. Each partner’s liability is limited to their investment in the business. LLPs also enjoy pass-through taxation, meaning profits are taxed as personal income rather than at the corporate level.
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