C J Investiment signs an exciting new partnership with Sanjay Kalra and Associate

C J Investiment signs an exciting new partnership with Sanjay Kalra and Associate

I am thrilled to announce that C J Investiments Property and Academy has signed an exciting new partnership with SANJAY KALRA AND ASSOCIATE(LAW FIRM) based in New Delhi, India, represented by Sanjay Kalra Attorney.

There is no doubt that Sanjay’s global expertise in Law, international investment, real estate strategies will attract new opportunities to our growing company in innovation, personal growth, and prosperity in Australia and beyond.

Sanjay’s extensive and unending support to our emerging e-learning platform and real estate investment company will ease the process and develop our goal in empowering entrepreneurs in this post-pandemic ever.
We are more than excited to move forward with greater purpose and unstoppable energy and growth in this sector.

Profile

Sanjay Kalra
Mr. Sanjay Kalra is the Managing Chairman of Sanjay Kalra & Associates, and he is heading his law firm in India. He is also a Speaker on various forums in the World. He was born and raised in India, where he completed his post-secondary and legal education. His years of legal experience and knowledge are an asset to any clientele. His expertise includes Immigration, Real Estate, Investments, Corporate (M&A) between India and the World.

Office :
# 206 , E-588, Greater Kailash – 2 New Delhi – 110048. India.
Phones: 011-91-11-41414101.
E-Mail: sanjay@spk.co.in
Skype: sanjay.kalra66

A partnership is a business structure made up of two or more people who share income and losses.

Partnerships are classified into three types:

General partnership (GP) – A partnership in which all partners share equal responsibility for the management of the business and each has unlimited liability for any debts or obligations that may arise.
The liability of general partners in a limited partnership (LP) is limited to the amount of money they have contributed to the partnership. Limited partners are typically passive investors who have no involvement in the day-to-day operations of the business.
Incorporated Limited Partnership (ILP) – An ILP allows its partners to have limited liability for the business’s debts. An ILP, on the other hand, must have at least one general partner with unlimited liability. If the company fails to meet its obligations, the general partner (or partners) is personally liable for the difference.

The goal of the partnership must be to conduct some type of business.

Partnerships’ essential components
Consider the following key elements when establishing a partnership structure.

A business structure based on a partnership:

  • are relatively simple and inexpensive to establish have minimal reporting requirements necessitate separate tax file numbers (TFN) must apply for and use an Australian business number (ABN) for all business dealings
  • share control and management of the business do not pay income tax on the income earned – each partner pays tax on the share of net partnership income received each year require a partnership tax return to be lodged with the Australian Taxation Office (ATO) each year require each partner to be responsible for their own superannuation arrangements
  • If your annual revenue is $75,000 or more, you must register for GST.

Persons joining together and agreeing to do charitable work or to form any club for entertainment would not be treated as a partnership due to the absence of the business.

Source: ATO

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