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After a small lull, funding is back for start-ups. Big mergers, new unicorn, million dollar seed funds are back. But another thing which has not changed is the fact that almost all the funded start-ups and new company registration are still far away from being profitable. Hundreds of Billions have been spent in funding, start-ups have access to all the technology, resources and funds but still bottom line remains elusive. What can be the reason for the same?
Through this article we will try to discuss the reasons why funded company registrations are unable to make profits.
Pressure of shoring up Top Line: There is constant pressure from investors to continuously raking up the Top Line. Valuations, which is the only thing of interest for investors, are top line and they do not want to compromise on it. Hence discounts, cash backs etc has become a norm and profits are still elusive.
Peer Pressure: No company wants to allow competitor to gain market share at their cost and hence no one wants to compromise on top line to manage their profitability. No one wants to bell the cat first!
High cost of Operations: If you see any funded company registration, you will find that there is no control on operations cost. Highly paid resources doing mundane job, i-phones for every team member, resort outing. This is for company registration who are almost ‘burning’ as much cash or less than what they are generating in revenue
Clueless about Bottom Line: ‘Burn’ has become part of regular lexicon in any new company registration which is funded. Founders to key personnel, they all use the term ‘Burn the cash’ very freely. But if you ask any top level executive or founder of any funded company registration about what is their plan to profitability, they will be clueless. What is the critical mass which will ensure that they have enough economy of scale to break even? Well, with million rides a week. Ola and Uber still loses about 150 Crore a day!!
To start new company as Private Limited Company Registration, please contact us on +91 8447265465
If you want to avail bookkeeping services and accounting services, please contact us on +91 8447265465
Many entrepreneurs/to be entrepreneurs are in a hurry to start a private limited company registration as soon as they get an idea. And we do not blame them as after having a great business idea and having the ground work ready, we cannot expect founders of new company registration to be patient.
Also, to start your new business registration, registration of pvt limited company is the first step in new business set-up process and all next steps like bank account opening, trademark registration, gst registration, fssai registration etc. can happen only after private limited company registration. Many entrepreneur thinks that private limited company registration happens in 1-2 days as there has been some of the notification from government mentioning instant company opening. Due to this founders of new company registration delays the process of pvt ltd company registration which eventually gets delayed by 1-2 weeks and all the subsequent activities suffer. We have seen many entrepreneur and founder of new company registration getting frustrated because of this.
In this article we will clarify the process of pvt ltd company registration and realistically how much time it takes to register a pvt ltd company.
DIN Registration and DSC registration is the first step to register pvt limited company and it takes 2 working days including verification of DSC.
Name Approval of Pvt Ltd Company is the most critical and time consuming process to register a Pvt Ltd Company. It takes about 3-4 working days for name approval. There are chances that the name suggested by you does not get approved which effectively means re applying for the name and repeat of the process. As leading company registration consultant in Delhi and NCR, we have seen that at an average name approval for pvt ltd company registration takes 5-7 working days.
Final Pvt Ltd Company Registration after name approval takes 2-3 working days if there is no objection from ROC. Suddenly we have seen that ROC and MCA has started raising many objections and at an average it takes 4-5 working days for final approval of Pvt Ltd Company. All in all it takes about 10-15 working days to register a Pvt Ltd Company and all entrepreneur should keep in mind.
If you want to start new company as Private Limited Company Registration, please call us on +91 8447265465
If you want to avail bookkeeping services and accounting services, please call us on +91 8447265465
If you want to do ROC Compliance and Annual Compliance of Private Limited Company Registration, please call us on +91 8447265465
5 Reasons to File Annual Returns for your Private Limited Company. Hope you have filed your Individual Tax Returns. The next step for us entrepreneurs, the future business leaders of India, is to get Annual Returns filed for our Company. A necessary evil, it is a statuary requirement and we are bound to follow it.
We would enumerate some of the advantages below for filing Company Compliances on time:
Why to file Company’s Tax Return on Time?
1- Peace of Mind: We have seen in our professional career that in 95% of cases, defaulters end up getting Tax Notices sooner or later (In some cases, notices are served as late as after 4 years). Hence it is a prudent practice to file Tax Returns on time.
2- Assistance in getting Loans: If you are looking for corporate loan, your Tax returns are the most important piece of documents Banks ask for. The better your Tax Record History, higher are the chances of getting loan.
3- Once a year exercise: You pay your returns once a year and can relax for next 12 months.
4- Mandatory for Companies: Proprietor-Partners of Firms/ Directors of Private Limited or LLP companies are liable to do annual compliances for their business and are liable in case of any default. If you are not doing any business in your registered firm, please close down the company rather than risking a notice later on
5- Balance Sheet: Get the pleasure of having Balance Sheet of your company in your hand and see the fruit of your labor!!!
Hope this blog was informative for you. Get further updates on not only Accounting/Book-Keeping/Government Compliances but also about all new rules and regulations/opportunities for fundswhich will be your industry specific
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A company registration, especially Private Limited Company Registration, needs to keep their Accounting and Bookkeeping in perfect shape as Company Registration is valued on basis of their Accounts and Balance Sheet.
Many founders and promoters of Company Registration are aware of the importance of Accounting and Bookkeeping for their Company Registration but because of other immediate pressing issues, are unable to comply with accounting and bookkeeping requirement and as a result suffer when they need more capital to grow their Company Registration.
We, as leading Accounting Service Provider in Delhi NCR, in this article will mention few easy ways through which all founders can keep bookkeeping and accounting of their company registration in proper manner.
Book all the expenses through your Bank Account. Avoid cash transactions as much as possible
Withdraw imprest money for petty expenses once or twice a month
Maintain excel sheet and update all expenses and revenue including GST Option. GST registration has been a great initiative which government has taken and tax structure has been uncomplicated because of the new GST registration
Keep a GST Registration expert for GST Return filing and also doing annual ROC compliance is a must. Please note that expense of these services is less than Rs 1500 a month but it goes a long way in ensuring the success of your company registration
If you have a plan to start a food processing business and want to see your business registration to flourish to next level, it is important to register your company registration as Pvt Ltd Company Registration.
We have, as Company Registration Consultant in Delhi NCR, worked with many founders dealing in food processing but we have only seen those founders grow who did Pvt Ltd Company Registration for their food processing business. We will enumerate the reasons as to why Pvt Ltd Company Registration are the best options for starting food processing business.
Easy to get business loan: It is easy to get loans for your Pvt Ltd Company Registration and please be aware that food processing business requires a lot of capital to grow (both as working capital and capital expenditure). Never try to save many on registration cost of Pvt Ltd Company.
Credibility with clients: Clients, be it modern trade or online platform, gives a lot of credibility to your business as Pvt Ltd Company Registration. Never take a risk of not having Pvt Ltd Company Registration when approaching your client.
Easy to hire best employees: It is so much easier to hire best employees for your company registration if you have a Pvt Ltd Company Registration.
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