India is on the verge of becoming a Global hub of Start up environment. With the onset of Start-up India and Aatmanirbhar initiatives of the Central Government, more people are cultivating the entrepreneurial mindset thereby adding more start-ups in India.
What is a start-up?
An entity shall be considered as a Startup:
- Upto a period of ten years from the date of incorporation/ registration, if it is incorporated as a private limited company (as defined in the Companies Act, 2013) or registered as a partnership firm (registered under section 59 of the Partnership Act, 1932) or a limited liability partnership (under the Limited Liability Partnership Act, 2008) in India.
- Turnover of the entity for any of the financial years since incorporation/ registration has not exceeded one hundred crore rupees.
- Entity is working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation
The start-up environment carries a higher risk, yet is one of the highly rewarding business environments for the stakeholders associated with the start-ups. The success of any start-up boils down to the following aspects:
- Sound and effective business strategy and related decision making skills
- Capital Structure that best fits the start-up’s needs and activities
- Sound investment and dividend decisions
- Marketing Strategy
- Good and dynamic stakeholder relationship management
We provide consultation for start-ups on the following aspects of the start-up environment
- Consultation pertaining to various benefits and schemes announced by Central and State Governments to boost start-ups
- Incorporation, registrations of start-ups
- Obtaining exemptions under the applicable provisions of Income tax Act
- Management, Financial and Tax Consultation
- Training and skill-development services including soft skills
- Consultation on executing and entering into commercial agreements, contracts and deeds