In this article, we have tried to explain the steps involved in incorporation of LLP with help of info-graphics. This would help Startups to understand the procedural aspects of same in easy manner. Step 1 – Designated Partner to Apply for DIN (Directors Identification Number): Minimum two designated partner is required to Incorporate LLP and… read more »
In continuation of our series on “Accounting Basic for Startups”, this article will throw light on the calculation and interpretation of key financial ratios for evaluating the performance of a concern. Working Capital Management is a process to check whether your current assets or easy convertible into liquid cash are enough to cover your current… read more »
Budget amendment which brings in a provision via section 56(ii)(viib) is the talking point post budget at every startup forums, be it digital or print media. Thus, we thought of coming up with a write-up, to understand the legal interpretation and also possible way out for startups and investors. To start with, the objective of… read more »
In continuation of our series on “Accounting Basic for Startups”, this article will throw light on the calculation and interpretation of key financial ratios for evaluating the performance of a concern. Why to calculate Financial Ratios? (Importance of Ratio Analysis) Knowing how to calculate and use financial ratios is important for not only businesses, but… read more »
In continuation of our series on “Accounting Basic for Startups”, through this article we would discuss in detail about the importance, method of preparation of Cash Flow statement. Cash Flow Statement – Its Importance It is a financial tool which forms the basis for the projection of future investing and financing plans of the enterprise,… read more »
In continuation of our series on “Accounting Basics for Startups”, in this article, we would converse in detail about ‘Income Statement’ or what is commonly referred to as ‘Profit and Loss Account’. Need to Prepare Income Statement (Operational Efficiency Statement) The Income Statement as the name suggests, indicates the operational efficiency of the business through its internal operations.… read more »
This is in continuation of our series on “Accounting Basic for Startups”. In this article, we would stress extensively on Balance Sheet (How to Prepare, its importance and other points) Why to prepare Balance Sheet or (Statement of Assets & Liabilities)? The idea of preparing Balance Sheet is to summarize business assets, liabilities and owner’s equity (net worth)… read more »
With this post, we kick-start the series on “Accounting Basic for Startups” with Taxmantra A startup needs to understand the importance of preparing financial statements from a long term perspective. If you are thinking of executing a sustainable profitable business model, then financial statements serve as an indicator for investors, government authorities, stake-holders and other… read more »
Experts from Taxmantra shed some light As a founder, you would always want to hire the best of resources for your startup, but the problem is that the best has cost attached to it, which a startup may not be able to afford initially. Thus, Employee Stock Option Plan (ESOPs) gives a solution to the… read more »
Experts from Taxmantra shed some light Last week founder of a technology startup asked me, “Alok, I have already spent substantial amount of my personal finances for furniture, technology, and infrastructure, recurring revenue expenditure for the business before the incorporation of the company and actual start of business operations. How should I go about it? … read more »
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