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Showing posts from April, 2022

START UP REGISTRATION

 Start up registration is good for those entities who have innovative thoughts, ideas to implement in business . For Start up registration one must go to https://www.startupindia.gov.in/ site. Here on dashboard one need to register oneself. Proprietorship and partnership firms are not allowed to be registered.
  Now you may have query why one must form Private Limited then the answer is :- your business turnover, equity infusion, risk free money, broad based arena and an increased enthusiasm to work harder etc. Now we can understand it in detail:  BUSINESS TURNOVER : Proprietorship turnover counts none for the business turnover for alluring fund. it is shortest way to understand.  Business turnover gets manifold upto 20 times to valuate a business value.  EQUITY INFUSION : If your business has much value, you will get investors. They will provide you cheap money to grow and expand. RISK FREE MONEY:- Investor money is called risk free money as it is not-debt. It is infused by investors on hope of big profit by trusting your business model and ideas. BROAD BASED ARENA:- By incorporating a company, your vision gets broad. You find wings to grow.
   WANT TO START BUSINESS! A VERY LATE DECISION.  BUSINESS MUST BE STARTED AT THE TIME WHEN YOU THINK THAT YOU MUST EARN. People always ask which type of business entity One must form in one's initial period of business. As he/she don't want to put large sum in very starting. You may agree that he/she is right since everyone knows risk of business whether it would be success or fail. Now, if you ask me then you would be surprised to know that I have a different thought. How small is your business, business must be started by incorporating a private limited company. The initial cost may give you pain, but this pain will be fruitful. And This idea is 100% must for those businesses who are Start-ups, having innovative ideas for radical change.