BUSINESS STARTUP

We all have heard that setting up a business is not everyone’s cup of tea. But here in India jurisdiction adds a few more challenges automatically to your side.
But being a chartered accountant and having experience of more than a decade in giving structured and timely conscious advice our capital and project management services support business in every step at their initial stage. It all starts with finding out the right entry route for you and how to be consistently walking on it by helping you with our one-stop for all regulatory approvals.

BUSINESS REGISTRATION
In India, it takes 15 to 30 days for starting a new business depending on whether you choose to form a private limited firm, one-person company, limited liability company, partnership, or sole proprietorship. And the key factors that make you select one of these are funding support for business, start-up costs, work compliance, and the tax advantage that are offered.
  • PRIVATE LIMITED COMPANY: Do you know in the terms of ownership, risks & rewards private limited companies possess a different character of relationship to other types of companies. Also, they require less rigorous protection for their shareholders, because most private firms don’t even have access to capital markets. However, there is no denying the fact that they represent an important organizational form for business conduct.
  • LIMITED LIABILITY PARTNERSHIP: An alternative form of carrying businesses and known to bring perks of limited liability of a partnership. LLP is a separate legal entity from its partners having different levels of liability and limited to its assets. But mark that the liability of partners is limited to their agreed contribution in the LLP. Also, No partner is liable for the independent or unauthorized actions of partners.
  • ONE PERSON COMPANY: This concept was first introduced under the companies act, 2013, where a one-person company can be formed with just one member as its member. Unlike the formats of other private firms where a minimum of 2 directors are required. On the other hand in a public company, a minimum of 3 directors and a minimum of 7 members are required.
  • PARTNERSHIP FIRM: A business entity created by more than one person and all are agreed to share profit or loss of business is known as a partnership firm. No doubt it is a very good choice of business entity for small scale enterprises and start-ups.
  • SOLE PROPRIETORSHIP: A business governed & owned by one person is called a sole proprietorship company. Such types of businesses can be incorporated in only 15 days. This is the only reason this type of business is very famous and most practicable in unsystematic sectors like merchants and small traders.
Also, the sole proprietorship liability is unlimited that doesn’t have perpetual existence and its registration is not required, because it can be identified through other means such as GST registration.
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LICENSES

  • MSME/UDYAM REGISTRATION: Based on the amount invested in plant machinery/equipment the MSME enterprises of the manufacturing sector can be categorized into three categories:
  • MICRO ENTERPRISES- Investment is not more than 1 crore and turnover does not exceed 5 crore rupees
  • SMALL ENTERPRISES– Investment is not more than 10 crore and turnover does not exceed 50 crore rupees
  • MEDIUM ENTERPRISES– Investment is not more than 50 crore and turnover does not exceed 250 crore rupees.
  • Also, MSME accounts for micro, small and medium-sized companies offering a variety of incentives for industry such as excise exemptions program, lower interest rates, electricity tariff bills, tax subsidies, capital expenditure, and other assistance.
    • IMPORT EXPORT CODE: A 10-digit code without it importers merchants cannot import goods also known as IEC code. You’ve to enroll once for its life-time validity. On the other hand, the exporter merchant cannot avail of the benefits from the DGFT for the export scheme with IEC.
    • GST REGISTRATION: To supply goods and products in India, it is mandatory to do GST registration. For your acknowledgement, businesses whose turnover exceeds Rs. 40 lakhs are required to register as a normal taxable person. This whole process is known as GST registration.
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FINANCIAL PLANNING

To keep a consistent eagle eye on the changing market and the product performances to tune-up according to the nature of dynamic market needs is known as financial planning. It requires full-time professional attention with disciplined mechanisms and systematic process.
FUND MANAGEMENT: Handle and oversee your cash-flow without funds management. Our dedicated practice of ensuring the assets of a financial institution is timed in such a way that you can pay the liabilities in a given time. Also, our systematic process of deploying, operating, maintaining, disposing of, will help you to upgrade the assets in a cost-efficient and profit-yielding manner.


BANKING AND INVESTMENT CONSULTANCY: Our immense experience in monitoring dozens of client’s investment and banking activities and working with them to reach their financial objective successfully, we’ve developed a long term relationship with our clients. We will help you to form your investment strategy, whether you’re an individual or having a big business we’ll take your full responsibility to review your financial situations and always come up with a plan to cope with the crisis along with meeting the milestones.
PROJECT FINANCING: Are you willing to start an industrial, infrastructure, or public services project and need funds for the same. Our project financing might be the required answer for your same query that you’re looking for.
TERM LOAN SYNDICATION: Spread your risk by syndicating a loan with the help of our advisory and take part in financial opportunities that may be too large for their capital base.
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BUSINESS SUPPORT AND RESTRUCTURING

Our business restructuring services have been providing operational restructuring and comprehensive financial advice to underperforming and financially stressed businesses, shareholders, lenders, and other stakeholders for a very long time.
Delivering our vast expertise in complex multi-jurisdictional and multi-stakeholders restructuring across many industries allows us to fix the key issues to help our eminent clients implement sustainable and viable restructuring solutions.

MERGERS/ ACQUISITIONS: (M&A) Whether two friend companies are combining to form one (Merger) or one is taken over by another one (Acquisition) both M&A is one of the major aspects of the corporate finance world. We are always here to give you end-to-end support on deals from planning to successful closure. Also, we support post-merger integration.
BUSINESS RESTRUCTURING: Our assistance in the financial obligations by reorganizing outstanding obligations, arranging funds for expansion/working capital needs is more than worth it.
DEMERGER: A demerger is when a company splits off one or more divisions to operate independently or be sold off. A demerger can be defined as the transfer of a company's business undertakings to another company. The source company, i.e., the company whose undertakings are being transferred is called the demerged company. The other company is often known as the resulting company.
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AUDIT AND ASSURANCE

Feel our experts' advisory presence always by your side to ensure adherence to regulatory and statutory requirements including disclosures and provide constructively and value-added delivery.
STATUTORY AUDIT UNDER COMPANIES ACT 2013: The role of the auditor is to report all the current affairs of the company, which is a crucial tool for the stakeholders to look after the substantial of the firm and its proceedings. And we are up to it. Our true opinion and fairness in delivering financial statements is the foremost value that we have been providing under the statute, accounting standards, IND AS, guidelines by the regulator, income tax provisions, and disclosures in the specific formats.

TAX AUDIT UNDER INCOME TAX: A compulsory audit to be taken issued by the Income Tax Act, if your annual gross turnover/receipts of the assessee exceed the specified limit under the Sec 44AB of the Income Tax Act, 1961. The essential part is it is always taken into account by an esteemed Chartered accountant just like us.
GST AUDIT: The process of Checking your accounts, receipts, and other documentation held by a taxable individual is known as GST AUDIT. Any taxable individual whose turnover exceeds during the financial year exceeds the specified limit in compliance with the current regulations of GST. If the current turnover limit is greater than Rs 1 Crore then he/she must need a Chartered Accountant to audit his/her financial records. And this is where our services come in to guide you with expert advice. And our services include testing the accuracy of the taxes charged, turnover reported, the rebate received, and the input tax credit card used to determine the conformity with the requirements of the GST.
STOCK AUDIT: Being an entrepreneur you should know that every business organization needs to perform an audit once a year to ensure and update that the computed stock and physical stock match each other figures.
MANAGEMENT AND INTERNAL AUDIT: Our specialization in Internal/Management Audits provides you with a clear, unbiased, and comprehensive analysis of the functional efficiency of the organization. So that you can improve yourself in the possible areas. Also, an effective internal audit is subjected to evaluate and improve the effectiveness of governance processes, risk management, and control in an organization.
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TAX AND COMPLIANCES

Complying with constantly changing tax laws and regulations is a big challenge. But don’t worry we’ll sort out your tax filing to tax planning. Additionally, meeting the demands of more transparency and financial information we stay current on tax development at both the local and national levels.
Our team of Business Tax Compliance professionals has already provided solutions to thousands and will provide you too to prepare, manage, and execute on tax filings within this shifting regulatory environment.

ANNUAL FILING: Do you know? Every Limited Liability Partnership or any type of company needs to file annual returns with the Ministry of Corporate Affairs (MCA). If any case they get delayed then non-filing of returns attract heavy interest and penalties. Hence the following plans are designed to provide you professional help in filing your returns.
  • Annual return filing (MGT 7 & AOC 4) for company
  • Annual return filing (Form 11 & Form 8) for LLP
ACCOUNTING AND BOOK-KEEPING: Our accountants and administrative staff will record the daily transactions of your business entity in chronological order. Our approach includes the process of recording, classifying, summarizing, analyzing, interpreting, and reporting the financial condition of the business. So that the business stakeholders can make decisions according to the given reports by taking care of timeliness.
TDS FILING: File your TDS return easily with us if you have a valid TAN- Tax collection and deduction account number. Also, make sure that the deposit for the same has to be made within the stipulated time. Include your specified payments such as rent, commission, professional fees, salary, interest, etc.
GST FILING: Fill your GST easily and leave all of its complexities on us. Under GST, a registered dealer has to file GST returns that include:
  • Purchases
  • Sales
  • Output GST (On sales)
  • Input tax credit (GST paid on purchases)
  • Under this plan, our experts will file your GST Returns.
INCOME TAX RETURNS: Filing income tax is every citizen’s responsibility. To avoid the penalty and pay the taxes on time with our tax returns plans. It is because the IT department verifies these declarations of income and if any amount has been paid in excess, the department refunds the amount to the assessee’s bank account.
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