So you have everything in place for your startup. You also have a team in place, including your co-founders with you. However, one thing many startups tend to overlook is a founders agreement.
One could assume that since startups are usually the result of two or more like-minded people, this agreement often skips the mind. However, it is extremely important to outline expectations right at the onset as this helps in decision making and reduces risks. It also avoids any kind of an eventual dispute between founders. Continue reading “Founders Agreement”
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The private limited company is the most successful business type in India. Private Limited Companies are an ideal way of starting and structuring startups with a higher scope of expansion as compared to other forms of business due to the advantages of high credit worthiness, greater stability and separate legal entity. Continue reading “How to Register a Company”
Today, startups are on a boom. There are ideas and there are people who want to convert such ideas into flourishing businesses prospects. What is required to evolve a business is “Money”. The question is that from where do you get this investment for your business. The easiest option, either you put money from your own savings or you borrow from your friends and relatives. Continue reading “How Startup Funding Works”
The most common problem which startups or new ventures face while starting their business is whether to form a proprietorship or a Company.
Sole Proprietorship, being the most traditional form of business is still one of the most common types of business entity in India. The easy formation procedure and minimum compliance requirements in a Sole Proprietorship make it a ready option to start a business.
However, there are various disadvantages of a proprietorship which startups fail to understand at the initial stage. Continue reading “5 reasons why Private Limited Company or LLP is preferred”
This Independence Day gives a reason to rejoice to the ever growing Indian Startup Ecosystem. Prime Minister Narendra Modi, addressing the nation on the 69th Independence Day, said, “We are looking at systems for enabling start-ups.
We must be number one in start-ups… Start-up India; Stand up India.” Giving a further boost to the startup industry, PM Modi has launched the new campaign – “Start up India, Stand up India” to promote bank financing for start-ups and offer incentives to boost entrepreneurship and job creation. Continue reading ““Startup India – Stand up India” – A new campaign to boost startups by PM Narendra Modi”