ITIN Number

Understanding the ITIN Number: Its Significance and Importance

Every business and individual requires a tax identification number in the United States. Two types of tax identification numbers exist: the Social Security number (SSN) for US citizens, permanent residents, and temporary residents authorized to work, and the Individual Tax Number (ITIN). Bizcognitis understands the importance of obtaining the correct tax identification number for your …

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Company Registration with Bizcognitis

Company Registration with Bizcognitis

Step-by-Step Guide for Online Company Registration with Bizcognitis Investing in Pakistan’s growing economy presents lucrative opportunities. With a large population and low competition, it’s an attractive destination for businesses. However, navigating the complex legal landscape can be challenging and costly. But worry not, as you’ve come to the right platform. Simplify your online company registration …

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Pakistan's Annual Federal Budget 2023-2024

Pakistan’s Annual Federal Budget 2023-2024

Noteworthy Points From Pakistan’s Annual Federal Budget for the Year 2023-2024 The eagerly awaited Pakistan’s Annual Federal Budget 2023-2024 was officially declared on June 9, 2023. This comprehensive budget carries immense significance for individuals, businesses, and the overall economy of the country. In this blog post, we will delve into the noteworthy highlights of the …

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Limited Liability Company

Limited Liability Company (LLC)

Understanding LLCs and Exploring the Advantages of Registering an LLC Learn about the advantages of forming a Limited Liability Company (LLC), a renowned business structure in the United States that offers robust protection against personal liability for business debts and claims. LLCs combine the best features of corporations, sole proprietorships, and partnerships, making them a …

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Salient Features of Budget 2022-23

The government presented the budget proposals on Friday, June 10, 2022, for the fiscal year 2022-23. The total federal budget outlay is Rs 9,502 billion. Upon approval from the National Assembly of Pakistan, the following will be incorporated into the new finance act. INCOME TAX ORDINANCE 2001: Relief measures: The fixed tax regime for retailers …

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Guide on the incorporation of the private limited company in Pakistan.

STEPS BY STEP GUIDE ON INCORPORATION OF PRIVATE LIMITED COMPANY IN PAKISTAN PRIVATE LIMITED COMPANY:  A Private Limited Company is a legal person in the eyes of law. Therefore in case of any legal issue, the case or legal proceedings can only be initiated against the company and not the owners. A Private Limited Company …

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How to Register a Partnership

Table of Content: Easy to get started Partnership-advantages Sharing the burden Access to knowledge, skills, experience, and, contacts Better decision making Privacy Ownership and Control combined More partners, more capital Easy to access profits Wide range of opportunities. How to Register a Partnership: You can opt to register a Partnership Firm or Business in Pakistan. …

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