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Simple Partnership

A Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. This structure is thought to have lost its relevance since the introduction of the Limited Liability Partnership (LLP) because its partners have unlimited liability, which means they are personally liable for the debts of the business. However, low costs, ease of setting up and minimal compliance requirements make it a sensible option for some, such as home businesses that are unlikely to take on any debt. Registration is optional for General Partnerships.

Sole Proprietorship

A sole proprietorship is a business that is owned and managed by a single person. You could have one up and running within 15 days, which makes it very popular among the unorganised sector, particularly small traders and merchants. There is no such thing as registration; proprietorships are recognised by other registrations, such as a GST registration. As you would imagine with a business that’s so easy to set up, though, its shortcomings are severe: the liability of the proprietor is unlimited and it does not have a continuous existence.

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Business Plan

A business plan is a document that effectively communicates the business and its potential to those that matter. It could be an investor, a bank, a joint venture partner or even a high-profile techie you want to work for your company. It will contain the background of the founding team, the business model, a brief analysis of the market and estimates of financial performance. Such a plan should be formulated even if you’re not looking to raise funding, as the questions it brings up tends to provide a roadmap for the business. Most venture capitalists, private equity firms or banks will ask for a business plan before even giving a second meeting. We have roped in some well-known professionals to prepare business plans with a clear and concise message.

Accounting/Book Keeping

Accounting is the process of storing, sorting and recording financial transactions. All businesses are required by law to submit their accounts to the Income Tax (IT) Department. Several start-ups tend to ignore this requirement early on, and then scramble to put together their accounts when they are raising funding or being acquired. Maintaining the books in-house certainly is a tedious and possibly expensive affair, but getting it done would significantly reduce pains in complying with the requirements of the IT Department, give the promoters and shareholders a good sense of how the business is doing, prove eligibility for loans in later years, and even satisfy investors.

Payroll Management

All employers must maintain records of the number of workers they employ, the amount they pay them, deduct taxes on their salaries, pay those taxes to government, keep track of the number of leaves they take in a month, among much else. This is a time-consuming task that requires assistance, particularly when your business is too small to make it viable to do it in-house. Given how crucial it is to maintain these records, payroll is essential from the moment you hire your first employee. Not only is it required from a legal and compliance standpoint, but also from an accounting perspective, as payroll and payroll taxes considerably affect the net income of most companies.

Legal Advice for NRIs

The need for expert legal advice is, unfortunately, not any smaller when you’re in another country. A property or tax matter may be on your mind and you no longer need to let it be on your mind. Our panel of veteran lawyers can clear up any of your doubts and, if necessary, take further action. We have a network across specialisations, from property and family law to intellectual property and corporate law. All you need to do is send in your request and we’ll put you in touch with a lawyer.

Corporate Restructuring

The services under this section includes: Increase in Authorised capital, Share holding pattern change, Add/remove a Director, Add a designated Partner, Change in Objectives of your business, Change official address, Change Company name, Change LLP agreement, Conversion of a Sole Proprietorship to Private Limited Company, Partnership to LLP, Private Limited to Public limited company, Private limited to One person company, Close your Private Limited Company, Closure of your LLP etc.

Miscellaneous services

Income tax planning, Business certifications, Portfolio management


Documents Required:

There will be specific requirement depending upon the type of service, The details will be shared once the service is booked.