Being a Chartered Accountant and interacting with several entrepreneurs, I found that the most common question bothering startup founders is which business entity to form and what are the compliances of these entities. Hence, there is a need to summarize this essential information in a comprehensive manner and layman terms.
The three most preferred business entities in India – Private Limited Company, Limited Liability Partnership (LLP) and One Person Company (OPC) have some important differences in their compliance structure which affect their running costs as well. Continue reading “Compliances for Private Limited Company, LLP and OPC – a clear comparison”
Funding is key for any startup to expand its horizon of products and resources. Pitching for investments and getting a deal is one aspect, but the legal side is something that founders find complicated. I experienced this when I saw some of my clients panicking about how to go about funding compliances, once they received confirmation of funds from investors in India or abroad. Continue reading “Funding compliances for startups”
Is your startup compliant?
Whether you are a giant corporation or a startup, to be successful, it is important to analyse if you are compliant and are following certain laid-down protocols. It’s imperative to keep a close eye on the laws in the city or state you operate in, failing which you are likely to overlook compliance responsibilities and face damaging penalties and lawsuits that could severely impede the progress of your business entity. Continue reading “Is your startup compliant?”
The Union Budget for 2020-21 was released on 1st February 2020 by the
Finance Minister, Ms. Nirmala Sitharaman and had a lot in store for Start-Up’s
and Medium, Small and Micro enterprises (MSME).
Continue reading “Incentives For Start-Ups and MSME’S In Budget 2020”
As new startup ecosystem is emerged, it is understood that it does not suits the budding entrepreneurs to invest in office space. This creates a great need for affordable Coworking Spaces in Delhi for the young minds. Sometimes investing in an office infrastructure is not possible for early stage businesses.
Coworking spaces involve a shared workplace, say an office, and an independent activity. Unlike a typical office, these coworking spaces are usually not hired by one organization but shared by several startups or freelancers. Continue reading “Coworking Spaces in Delhi”