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Setting up a new company registration
is a long term task and it takes lot of hard work, patience and perseverance to
make a success out of your Pvt Ltd Company Registration. If co-founder of a Pvt
Ltd Company Registration comes in with a mindset that he will strike gold
within 2-3 months, chances are that he will have his dreams shattered.
But apart from hard work, patience and
perseverance, success of Pvt Ltd Company Registration also depends on long term
planning. Sooner or later, your Pvt Ltd Company Registration will reach a stage
where you will need external funding in form of equity or debt to grow further.
And one factor which we have seen killing such options are that Pvt ltd Company
Registration does not have their accounting and bookkeeping in order. After
even 1-2 years of doing business registration under their Pvt Ltd Company Registration, co-founder totally ignores the basic tenets of accounting and do
not show all their sales in revenue (to save some taxes, which proves costly to
them later on), expenses are made without complying with TDS Registration
After running business for 2 years,
when the co-founders of Pvt Ltd Company Registration goes to get Bank Loan or
Equity Funding, they have to go through due diligence and 99% of the time, they
fail to comply with the due diligence of their Pvt Ltd Company Registration.
Banks, Financial Institute, NBFC, VCs develops cold feet when they feel that a
Pvt Ltd Company Registration has not done their ROC compliances and accounting
compliances including bookkeeping properly.
At this junctures owners of Pvt Ltd
Company Registration feel helpless and the only option is to turn the clock
back. But for them it is an opportunity lost.
Hence, we advise all the co-founders
of Pvt Ltd Company Registration to hire best accounting service providers and
ensure that their accounting is in order. Remember, penny wise and pound
foolish is a bad option.
If you want to start new company as Private
Limited Company Registration, please call us on +91 8447265465.
you want to avail bookkeeping services and accounting services, please call us
on +91 8447265465
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