Neu Source

Do you have a STARTUP IDEA that needs to be RECOGNIZED and put in a RIGHT PLAN OR STRATEGY? Then I am sure you might be looking for Startup Consultant Services in India . You have just come to the right place! India is one of the largest emerging economies in the world consisting of innumerable brilliant minds and loads of startup opportunities and startup ideas, to begin with. By no doubt, India is going to become a huge startup hub soon. Keeping a record of these statistics, things don’t always come out as positive as they appear to be. Almost 70% of the startup ideas remain unrecognized or they are unable to scale their startup on a considerable level. EVER Wondered WHY? There is not a single factor but a list of factors responsible, like the lack of knowledge, lack of resources or might be the incapability of the firm to stand out against other firms in this competitive world. Why startup consultancy is a must? Startups are of different niches and...

A sole proprietorship is a business that is established and controlled by the single person. A proprietor is a person and not an entity so, both the proprietor and the entity are the same under the eyes of the law. The major benefit of Proprietorship is its ease of formation in countries like India. The article throws limelight on the ProprietorshipFirm Registration India . Registration of Sole Proprietorship There are no specific laws to govern the registration of Sole Proprietor Firm Registration India so, they are easy to form. The documents for the registration process are minimal, and the requirements are easy to fulfill. Any Indian citizen can start a legal entity in India with minimum regulatory compliance as there are not constraints on the minimum investment needed too. Sole Proprietorship is the right choice for the micro, small, and unrecognized sectors. There is no specific mechanism designed by the Indian government for the registration process. All you need ...

Small-sized business is no exception when it comes to higher workload and managing complexities in accounts. With the use of accounting software, you can ease your work of handling and manage your business by using some of the most effective accounting software. There are many companies that provide the best Online Accounting Services in India . If you are looking for some simplest and easiest accounting software then it is highly recommended that you use programs that are essentially required. We possess all the programs and outsource too, if in need. Some such programs or software are totally free online accounting software for any small business as well as freelancers. Under this, it is easy to create and customize professionally looking invoices, track expenses of the business, recurring invoices to the regular clients automatically and many more other basic essential features. It is designed to be intuitive and quite easier to use, no need to hire an accountant to understa...

Income Tax Filing Online is a must for all. E-filing is a system for submitting tax documents to India through the use of the internet or direct connection, usually without the need to submit any paper documents. Tax preparation software with e-filing capabilities includes stand-alone programs or websites. Simply stating, e-filing or electronic filing is submitting your income tax returns online. There are two ways to file your income tax returns. The traditional way is the offline way, where you go to the Income Tax Department’s office to physically file your returns. To upload ITR, i.e., Income Tax Returns, there are certain steps to be followed. ● Download the ITR preparation software for the relevant assessment year to your desktop/laptop from the “Download’s” page. ● Prepare the Return using the downloaded Software. ● Gather all the information regarding your income, tax payments, deductions, etc. ● Pre-populate the personal details and tax payments or TDS by clicki...

Public limited companies are those companies whose shares are traded in the stock market or issue fixed deposits. Simply stating, these are those companies that trade on a local exchange, whose shares can be bought and sold. These are registered under the Companies Act, 1980 with statutory minimum capital requirements and share offered to the public subject to the conditions of limited liability. The local laws of our country may not apply as strictly as it is normally indicated and there will likely be some variations. These companies are a kind of large business entity. It has limited liability and also offers shares to the public; also providing huge benefits to the people compared to the private limited company. The PLC shares can be purchased by anyone during trading on the stock market or initial public offers. Public limited company is the large scale business that consists of 3 directors and 7 shareholders. PLC enjoys huge benefits like limited liability, transferability, b...

If you are the proprietor of a sole proprietorship company then there are certain compliances that you need to fulfil in order to continue working smoothly. The compliance requirement for businesses varies from organization to organization depending upon various factors like the type of industry that you are working in, the entity, the state of incorporation, the sales turnover of your business, etc. Here is NeuSource Startup Minds give you information about Proprietorship Firm Compliances Process Online . However, there are some common and major compliances that need to be fulfilled by almost all the sole proprietorship companies. These include- ●        Filing the tax return annually. ●        Filing the GST return if your business is registered in GST. ●        Deduct and file TDS return, if liable for a tax audit. Reasons to major compliances ●     ...

A limited liability partnership firm is a partnership when all the partners of the firms have minimum liability, depending upon the jurisdiction. In a limited liability partnership, one partner will not be responsible for another partner’s misconduct and wrongdoing. This partnership differs from a traditional partnership entirely. Limited liability partnerships can be created with all or some partners. In India, the limited liability partnership act 2008 was officially introduced on 9 January 2009 and was in effect from 31 March 2009. LimitedLiability Partnership Registration Online is possible without any hassle. Here are some key factors of LLP ●      In the matter of taxation LLP is treated as a traditional partnership. ●      The liability of partners will depend upon what partners have agreed on and contributed. ●      The LLP act requires that one of the partners in LLP must be an Indian. ●   ...

A startup consultancy service is, which helps startups move forward in a specific aspect of the business. They are not a part of the startup. It is just outside perspective startups hire to help themselves.  A consultancy team can be hired for some time for boosting growth. Setting up your startup in the market where competition is already very high can be tricky. Startup companies, in the beginning, suffer to understand their market and what is the best way to approach their customers. When someone setup a startup they have very limited resources, like limited money, very few connections and not the right people to share the market with. Problems are not limited to these they sometimes suffer total drawback and lose everything they have, which puts them at the starting point again. So how to avoid falling back every time you try something new? Startups are all about risks and no one can get success without taking risks. Therefore taking expert advice on when you plan a sta...

A section-8 company is which spends all its money promoting what they believe in. the company could promote religion, education, sports, social welfare, charity, etc. The company also does not pay any kind of income to its members. These companies are limited companies under the Companies Act. The only difference is that they do not need to use “limited company” at the end of their names. They can either be registered as a “private limited company” or “public limited company”. Section-8 companies are a legal form of NGOs and NPOs. These companies can work in any state of the country; there are no restrictions for them. Benefits of Section 8 Company Registration Online in India , Delhi, Bangalore, Lucknow ●      No minimum capital: For the incorporation of section-8 companies there is no minimum capital required. It can be formed with any minimum capital but yes investors and promoters can be brought in to support the organization. ●    ...

A private limited company is held for small businesses. Liabilities of the members of the company depend upon the limit of the share they have. Also, the shares of a private limited company cannot be sold publicly. Under the Companies Act 2013, private limited companies need to have a minimum of 2 members to start the company. And this number can only get up to 200 not more than that. It is necessary for private limited companies to use the private limited at the end of their names. Pvt LtdCompany Registration Online India can be done very easily.  Key features of Pvt ltd company registration online ●      Business credibility: In a private limited company, the company’s all data, status, address, contact details everything is available publically. It means customers can reach you anytime and from anywhere they want to. ●      Limit the risk: When the company sees loss it does not mean the personal assets of its members are at ris...

An OPC is a company in which there is best one proprietor who can act as each a organization director and a corporation shareholder. OPC was delivered in India in the corporations Act 2013. This act allows qualified individuals to create a corporation on there personal with minimum legal responsibility. In a private agency minimal,  directors and participants are required and inside the public organisation minimal, 3 administrators and 7 contributors are required. however in OPC company can be created handiest with one director and one member. OPC enterprise Registration on line India may be executed with a few easy steps with none hassle. Here we are telling you about  Online Process of One Person Company Registration Some blessings and factors of OPC ●             One character enterprise- The law brought in 2013 states that if a person who has the ability and functionality to form a agency can shape OPC w...

Unlike how a private limited company and limited liability partnership is formed, a sole proprietorship does not need to get itself registered anywhere. But if one wants to register their own firm, then getting it registered via online mode would be the best and the most practical way of getting a Proprietorship Firm Registered in India . A sole proprietorship can be started at any point in time. All one needs is a bank account. Most banks nowadays insist on a profession’s tax registration or a shop and establishment registration in order to open a bank account for a sole proprietorship. Advantages: ● One person required as a single entrepreneur ● Single owner of the business entity ● Easy to start ● Easy to wind-up ● Complete control by the entrepreneur ● Lower cost of formation and compliance Disadvantages: ❏ Lack of resources ❏ Unlimited liability ❏ Lack of credibility ❏ Unable to raise funds easily ❏ Cannot add partners ❏ Has to manage ...