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Every startup needs Counselling and Business Planning right from the idea’s inception. Masterbrains consultants are professionals who have invested, ideated, and consulted
Who is better than a Chartered Accountant to plan the Taxation, Accounting, and Finances of your startup company? Masterbrains professionals will analyse your business model to
The most common mistake startup companies and startup owners make is – not considering the legal implications on their business model and not measuring the legal liabilities and
deating a startup is easy but making it operational is the biggest challenge for a startup owner. Masterbrains consultants will help you plan your operations, including marketing plan,
Every startup wonders whether they are eligible to get startup registration or MSME registration. Stop wondering!! Masterbrains consultants will answer your queries regarding
Masterbrains can assist in developing comprehensive business plans, provide guidance on management of funds, legal services, taxation, providing opinions on transaction structuring and advisory, and can also assist in registration in the Startup India Scheme and MSME Scheme.
It is the process of designing and arranging the terms of a business deal or any financial transaction. In simpler words, it involves the process of how a transaction will be executed.
The Start Up India Scheme and MSME (Micro, Small and Medium Enterprises) Scheme are initiatives launched by the Indian Government with a view to support and promote new start-ups and MSMEs in the country. It is thus essential for businesses to assess the eligibility and comply with the necessary requirements while registration under these schemes to avail the added benefits offered by the government.
Startup consultants craft the foundational strategies that help startups navigate the complexities of starting a business. Their expertise is crucial for startups, especially when entering highly competitive and regulated markets like India. Here are the key services provided by startup consultants that are essential for any foreign investor or entrepreneur looking to establish a foothold in India.
The first step for any startup consultant is to understand the specific business goals of a startup. This involves a deep dive into the business model, target market, and long-term objectives of the startup, ensuring alignment with the expectations of foreign investors.
Choosing the right location and jurisdiction can significantly impact the operational efficiency and tax obligations of a startup. Consultants evaluate various geographical locations within India to find the optimal place for business operations, considering factors like market accessibility, resource availability, and regulatory environment.
Determining the most suitable corporate structure is crucial. Whether it’s a private limited company, a limited liability partnership (LLP), or any other form, consultants help define the structure that best suits the business strategy and enhances operational efficiency while remaining compliant with Indian laws.
India, with its vast economic potential, has a nuanced foreign direct investment (FDI) policy. Startup consultants scrutinize these policies to identify any restrictions or approvals needed. This ensures that startups remain compliant with local laws and regulations right from the outset.
Efficient tax planning and strategies for repatriating cash or profits are essential for foreign investors. Consultants devise tax-efficient strategies that comply with both local and international tax laws, maximizing returns on investment.
For startups acquiring existing businesses, consultants offer transaction advisory services, for transactions like share deals or asset deals. They perform thorough due diligence, mitigating risks and ensuring a smooth transition during the acquisition.
Drafting and reviewing contracts with local partners, suppliers, and customers are vital to protect the interests of the business. Consultants ensure that all contracts are robust and compliant with local laws, preventing future legal complications.
From incorporating the company or LLP to opening bank accounts and obtaining necessary tax documentation like TAN and PAN, consultants handle all the formalities. This allows business owners to focus on core business activities without getting bogged down by bureaucratic processes.
Besides strategic advisory, startup consultants provide back-end support which includes legal, HR, accounting, and IT services. This holistic support ensures that the startup’s operations run smoothly and efficiently.
Staying compliant with tax and regulatory requirements is an ongoing process. Consultants keep the business updated on any changes in regulations, ensuring continuous compliance and avoiding penalties.
In conclusion, Startup Consultants are greatest support for any entrepreneur looking to navigate the complex startup ecosystem, especially in a diverse and challenging market like India. They not only prepare the ground for a successful launch but also provide continuous support to ensure sustainable growth. With their expertise, startups can focus on their core mission while leaving the complexities of operations and compliances in capable hands. The road from a business idea to funding is not an easy one, but with the right consultancy, it’s certainly possible to make a compelling case to the investors and secure the needed capital to thrive.