“Partnership Firm” is a form of organisation wherein two or more persons enter into an agreement and agree to share the profits of a business carried on by all or any of them acting for all.
Blog Archives
One Person Company (OPC) Formation
One Person Company means a company which has only one person as a member and a nominee. One Person Companies have lesser compliance requirements.
Limited Liability Partnership Firm (LLP) Formation
Limited Liability Partnership (LLP) firm is a combination of partnership firm and private limited company, hence LLP enjoys benefits of both types of organizations.
Private Limited Company Formation
Private Limited Company is a type of company that has limited liability and provides legal protection to its members (shareholders). These companies are governed by Companies Act 2013.
Business Planning & Idea Validation
A business entity is an organisation set-up by the business owners considering the factors such as the size of the business, nature of business, number of members involved, capital requirement, etc.
GST Registration
GST Registration enables your business to charge and/or collect GST (Goods and Services Tax). The Goods & Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic use.
Existing Business Management Checklist
For running a business successfully and ensuring growth in your business you need to assess the position of your business. This assessment is basically a comparison between the goals and milestones that you had set for your business with the actual current scenario in the business. It is necessary to check the status of your business at regular intervals. This will help you to identify the problem areas in your business.
Cash Flow Management Checklist
Cash Flow Management for business is the process of monitoring, analysing, and optimizing the net amount of cash receipts minus the cash expenses. Net cash flow is an important measure of financial health for any business. It helps the business owner to analyse optimum cash needs; this can be achieved by estimating the monthly cash needs and identifying the sources from where these can be met.
Cash flow management involves:
- Knowing when, where, and how your cash needs will occur.
- Knowing the best sources for meeting additional cash needs.
- Being prepared to meet these needs when they occur by keeping good relationships with the debtors and creditors.
Accounting Services Checklist
Accounting services involves in recording, reporting, and analyzing financial transactions of a business or an individual. It reveals business performance in terms of profit or loss for a given period. The value and nature of a firm’s assets, liabilities and owners’ equity can also be derived through these statements.
Marketing Material Checklist
Marketing collateral is any material used to help a business advertise or communicate with business associates, potential customers or clients. It may include everything from brochures to letterheads to banners, to direct mailers, business cards, promotional flyers, etc. Marketing collaterals are ideal for maintaining a cohesive brand identity to ensure consistency in any campaign and creating a visual USP (Unique Selling Proposition).