Leveraging data analytics can indeed be a powerful tool to drive business growth and profitability. By utilizing data effectively, businesses can gain valuable insights into their operations, customer behavior, market trends, and other key factors that impact their success. Here are some ways data analytics can contribute to business growth and profitability: Data-driven decision-making: Data […]
Valuing startups can be a complex task due to their unique characteristics, limited financial history, and high uncertainty. In the case of Indian startups, several valuation methods can be used, each with its advantages and limitations. Here’s a comparative analysis of some common valuation methods for Indian startups: Comparable Company Analysis (CCA): CCA involves comparing
India has been steadily marching towards a digital revolution, and the government’s push for digitalization has extended to the taxation system. The implementation of income tax digitalization in India has brought about significant changes in the way individuals and businesses file their tax returns and interact with the tax authorities. This blog aims to shed
A Memorandum of Understanding (MoU) is a document that outlines the broad terms and understanding between two or more parties who intend to collaborate or work together on a specific project or objective. It is a preliminary agreement that sets the framework for future cooperation and establishes the intentions of the parties involved. The primary
Transformational leadership is a leadership style that focuses on inspiring and motivating followers to achieve their full potential and exceed their own expectations. This leadership approach has been widely studied and recognized for its positive impact on business growth and team motivation. Let’s explore how transformational leadership influences these aspects: Business Growth: Transformational leaders have
Rental income refers to the revenue generated by renting out a property or a portion of it to tenants. There are various types of rental income, including: Residential Properties: This type of rental income is derived from renting out houses, apartments, condominiums, townhouses, or any other residential units to individuals or families as their primary
Mentorship programs play a crucial role in the growth and success of startups in India. They provide valuable guidance, support, and industry expertise to emerging entrepreneurs, helping them navigate the challenges of starting and scaling their businesses. Here are some key importance and benefits of mentorship programs for startup in India: Experience and Expertise: Mentors
A trust is a legal entity that holds and manages assets on behalf of one or more beneficiaries. It is created by a grantor, who transfers ownership of assets to a trustee, who then manages and administers those assets according to the terms and conditions set forth in a trusts document. Here is an overview
80G and 12A registrations are crucial for non-profit organizations in many countries, including India. These registrations provide certain benefits and incentives to organizations engaged in charitable or philanthropic activities. Let’s understand the importance of each registration: 80G Registration: The 80G registration is a provision under the Indian Income Tax Act that allows donors to claim
TDS (Tax Deducted at Source) on salary is a system implemented by the government to collect income tax. It requires employers to deduct a certain amount of tax from their employees’ salaries at the time of payment and deposit it with the government on their behalf. Here are some key concepts and terminology related to
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It replaced various indirect taxes like excise duty, service tax, and value-added tax (VAT). The GST framework in India comprises various rates, rules, and compliance requirements. Let’s explore them in more detail: GST Rates: GST
Global collaboration refers to the process of working together across national or international boundaries to achieve common goals, solve problems, or pursue opportunities. It involves individuals, organizations, or governments from different countries collaborating and sharing resources, knowledge, expertise, and efforts to address challenges or pursue mutual benefits on a global scale. Global collaborations offer numerous
Legal Suvidha has been a one-stop Compliance Provider for all start-ups and entrepreneurs.
Want to Setup your business in India? Connect with the best Online Registration, Licenses and Return filing solution providers for business across India. Since 2007, LegalSuvidha has been a one-stop shop for all startups or entrepreneurs looking for a chartered accountant, company secretary or lawyer. We have been ensuring Startups and SMEs are fully compliant with India’s legal system. Over the past 15 years, the depth of our offerings has increased and that too at affordable prices and customer satisfaction has made our standing different and we are giving a tough competition to other online facilitators of legal services in India. We have the best team for Company incorporation, Trademark Registration, Auditing, Advisory and Tax Filing for large, medium, small businesses and Startups in India.
Most of the budding entrepreneurs are in dilemma about what kind of entity to register when they start their business. Should it be a private limited company, limited liability partnership, partnership firm, one person company or a sole proprietorship? Each of these has its advantages and disadvantages. The type of entity should be chosen only after one round of consultation with our experts, as they will be in a better position to guide on the same. For example, Registering as a private limited company would be a good fit for any venture that will look for funding at a later stage. You can contact Legalsuvidha for any type of registration and advice you need for your business transactions. We assure you of great professional service at a reasonable price. You can connect with us for a free check on the Company name availability.
The importance of intellectual property is very much but most of the businesses are not aware of the same. We at LegalSuvidha simplify the process for you to register a Trademark for your brand, to get copyright for your artistic, creative ability and will also help you in patenting the process after a proper patent search patents which will ensure that you have sole rights to your creation, be it your brand, your designs or your inventions. At Legalsuvidha, we are very well equipped to handle all your IP requirements. We facilitate trademark applications in just two days, copyright registration for all your software, pictures, audio, and video content, and can connect you to patent attorneys to conduct a patent search and file your patent applications.
To do any business in India, you need a license for almost everything. Started a manufacturing business? You need a GST Registration and a Trade License. For a food business, you need an FSSAI license. In case you have employees, You need a Professional Tax registration and Shops & Establishments Act Registration. If that’s not enough, you also need to file GST Returns and Professional Tax Returns.
There is a lot of importance of legal documentation when you start your business, whether with your Investors, partners/co-directors, employees and any vendors you deal with. By getting a lawyer to draft contracts or agreements with new vendors, employees, and investors, you’re ensuring that you have all the downsides covered. At LegalSuvidha, we connect you to lawyers who will deliver complex documents, from shareholders’ agreements and founders’ agreements to terms of service/privacy policy and non-disclosure agreements, at a reasonable cost in a few days.
It’s not enough to have started a private limited company or an LLP. You need to comply with all the requirements of the Ministry of Corporate Affairs, Central Board of Indirect taxes and Central Board of direct taxes once you register your business. You need to inform them of every relevant change you make, whether it is adding a director, removing a partner or increasing authorized share capital. You also need to file annual returns and maintain your accounts. In the case of a private limited company, you even need them audited. At LegalSuvidha, we facilitate all these services completely online. This means you can engage a professional on retainer for the year and we’ll ensure that all the formalities are completed for you while you focus on your business.
We are Authorized e-return Intermediaries and have recently launched our own ITR filing platform, this will help the salaried employees and businesses to get their ITR filed within the time and at a reasonable price. Through the use of automation, the system is highly effective and will help in filing ITR in up to 10 minutes for Salaried employees. We have on-boarded the best Chartered Accountants who will provide consultation for both Salaried employees and Businesses to file proper taxes to the government of India. This will help in avoiding legal notices in the future and will also help in getting the returns processed at the earliest. We are the first in the market to launch the ITR filing facility for FY 2018-19.
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