It is a myth that CAs are required only after you have completely established your business. One can take help from an experienced CA even before you have started your business. He/she can always help you with evaluating your business model, marketing strategies, getting financial raises, saving tax on investments, and much more. Ask for
So, being a business entrepreneur here are some primary decisions for which one can approach as a CA:
Type of the business
Firstly, the question that arises is whether you want to have a business as an individual trader, in a partnership, or a Private Limited Company.
An individual trader
Here, an entire load of business is on your shoulders. And you need to know the legal requirements of your business and legal formalities as well. A CA Firm in Delhi like Alonika can help you to establish an entity hassle-free. Like from registering yourself as under tax authorities? To pay national insurance and if YES, then how much it is?
Remember the loss (it takes place) then, it will be borne by you only.
More than one person running a business will be called a ‘business partner’. They have an agreement or not. Partners owning the business are bound to share the profit and loss in the business. Be thoughtful enough with whom you enter into the partnership.
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