PARTNERSHIP FIRM RELATED COMPLIANCE
FIRM RELATED COMPLIANCE
Proprietorship firms are required to maintain compliance like LLPs and Companies registered in India. Proprietorship firm compliance mainly includes filing of income tax return, while corporate entities like LLP and Company require both income tax return filing with the Income Tax Department and annual return filing with the Ministry of Corporate Affairs. In addition to the basic compliance, proprietorship firms may also be required to comply with TDS regulations, GST regulations, VAT / CST regulations, Service Tax regulations, ESI regulations and others. The compliance requirement for a business would vary based on the type of entity, industry, state of incorporation, number of employees and sales turnover.
KEY POINTS
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Income Tax Filing
Income tax filing must be filed by all proprietorships having a taxable income over the exemption threshold. In some cases, tax audit would also be required.
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Financial Professional
A well drafted business plan will ensure easy access to equity funding. So an experienced Financial Professional with good writing, presentation and financial analysis skill must prepare the business plan.
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Well Drafted Business Plan
A Well drafted business plan will contain information pertaining to the Entrepreneur background, Infrastructure, Human Capital, Business Model, Operational Information, Industry Outlook, SWOT Analysis and Financial Performance.
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Capital Syndication
Business plan plays an important role in the syndication of capital from investors. A well-drafted business plan has all the information a bank or financial institution requires for making a credit or investment decision.
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Monitrix Can Help
Monitrix has extensive experience in compiling business plans. So talk to our Business Advisors today if you require a business plan or investor pitch for your startup.
STEPS INVOLVED IN BUSINESS PALN PREPARATION
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1. Understanding
Prior to preparing the business plan, our Financial Experts will work with you to understand your business, proposed plans and capital requirement.
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2. Business Plan Preparation
Based on our understanding of your startup business and the information collected, our Financial Experts will draft a business plan for your startup.
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3. Business Plan Finalization
Once the draft business plan is prepared, you can provided your comments or inputs to finalize and prepare the final business plan and investor pitch.
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We greatly appreciate Monitrix creativity and guidance in re-branding Adaptive's new image in market The vibe, level of inquiry, feedback, and traffic at our presentations and our newly established firm at a recent conference was very positive.
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Up to date it has been a pleasure working with Monitrix Corporate service After 4 problematic years we finally found Monitrix. Up to date it has been a pleasure working with Monitrix
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This is a quick, effective team that really cares for their clients success.Monitrix transformed our Business into a vital part of our sales efforts, then tailored a real time bookkeeping, which has doubled our presentation from a year ago.
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