StartUp Services
“Start-ups are the engines of exponential growth, manifesting the power of innovation. Several big companies today are start-ups of yesterday. They were born with a spirit of enterprise and adventure kept alive due to hard work and perseverance and today have become shining beacons of innovation”
– Shri Narendra Modi (Prime Minister of India)
Start-ups in India have been on the rise in recent years, driven by factors such as a growing economy, an expanding middle class, and increased access to funding and technology. The Indian government has also implemented policies and initiatives to support the growth of start-ups in the country, such as the Start-up India initiative, which aims to provide a conducive ecosystem for start-ups to grow and succeed. Sectors such as e-commerce, fintech, and healthcare have seen particularly strong growth in the number of start-ups in India.
Advisory and consultancy services provided to start-ups typically include:
- Business planning: To develop a comprehensive business plan, including financial projections, marketing strategies, and operational plans.
- Market research: To conduct market research and analysis to identify potential customers, competitors, and industry trends.
- Financial planning and budgeting: To create financial projections and budgeting plans to manage cash flow and track financial performance.
- Legal and regulatory compliance: To navigate legal and regulatory requirements, such as registering for taxes and obtaining necessary licenses and permits.
- Human resources and talent management: To develop policies and procedures for recruiting, hiring, and managing employees.
- Sales and marketing: To develop effective sales and marketing strategies to reach potential customers and generate revenue.
- Operations and supply chain management: To optimize their operations and supply chain to improve efficiency and reduce costs.
- Exit strategy: To develop a plan for exiting the business, such as through an IPO or acquisition.
The Start-Up Ecosystem in India in India has been rapidly growing in recent years, and is making a significant contribution to the country’s economy such as Job Creation, Economic Growth, Innovation, Foreign Investment, Social Impact, and Entrepreneurial spirit.
Prime range of White Collar Professional services covered under Start-Up Services:
StartUp India/ DPIIT Registration
StartUp India was launched in January 2016 which paved the way for the introduction of several policy initiatives to build a strong, conductive, growth-oriented environment for Indian Start-ups. StartUp India Registration with the DPIIT is mandatory for StartUp established in India to avail of tax benefits, concessions on IPR filing, and reduced compliances.
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MSME Registration
The Government of India has devised the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006. Registration under the above Act is an online process that requires your Aadhar number to get it certified. By obtaining the above registration, multiple benefits are attracted, from priority lending to cluster financing with encouraging bank loans and an opportunity to adopt the latest quality management standards.
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Corporate Secretarial And Advisory Services
Once the company is registered it makes a lot of economic sense to stay compliant and keep the working efficient and uninterrupted. More Prominently company secretary in companies plays an indispensable role, which can be replaced by none. Company Secretaries has in-depth knowledge and experience in dealing with various corporate, regulatory, and secretarial matters. The role of the company secretary in company law cannot only be confined to adhering to compliances but is also equally extended to advisory and legal opinion.
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Valuation Services
Being a StartUp, it is very important to know where the company stands and what will be the future of the company. Knowing about the accurate value of the company will help in attracting investors, and it will support making its way into the market. The StartUp company valuation has benefits such as knowing the StartUp market value, near-future plans such as business expansion, and getting investors and lenders.
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Accounting Services
With the increase in complexity of the business environment and transactions, financial reporting is becoming increasingly challenging. This challenge is amplified by the significant changes being envisaged in the financial reporting standards in many jurisdictions. Numerous companies are also seeking to improve their processes to achieve timely and accurate financial reporting. Accounting advisory practice comprises of accounting and financial reporting advice and support to clients on a wide range of transactions and events, including adherence to new or revised accounting standards and effective management of the financial reporting processes, to support through an IPO process.
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Direct Taxation
Over time, the Indian compliance landscape has evolved to become more interoperable and transparent. As businesses in the early phases of development, start-ups are preoccupied with expansion and find it difficult to prioritize tax compliance for start-ups. There is extraordinarily little time and resources left for compliance after developing marketing tactics and attempting to establish a brand identity.
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Indirect Taxation
The growing weight of indirect taxation is heightening the operational and compliance challenges faced by already stretched tax teams. Changes can come frequently and can be confusing. International trade is growing in complexity and there is a greater focus on indirect taxation in an increasingly digitized global economy. Indirect taxes – including VAT/GST/Sales tax, property tax, customs and excise duties, and environmental tax – are becoming more prominent and demanding worldwide.
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Auditing And Assurance
Audit and assurance services can help organizations see further and deeper into their businesses. From enhancing trust in the company, CA’s audit to assisting organizations in meeting the assurance demands outlined in regulations and standards, also they help a multi-trillion-dollar capital markets system function with greater confidence. An audit is more than an obligation—it is a powerful lens for illuminating the current state of an enterprise, providing insight that can inform future aspirations.
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