Services
Startup Advisory
Founders deal with a set of registrations, agreements and compliance steps in the early stages of a business. This service covers structuring, registrations, financial documentation for founders and shareholders, and preparation of financial information that may be requested by investors or lenders.
What the service covers
- Discussion of business structure
- Company or LLP incorporation and related registrations
- Application for recognition under the Startup India initiative, where eligible
- Share allotment and related filings
- Financial projections and basic financial models
- Preparation of financial statements and data for review by investors or lenders
- Setting up bookkeeping, GST and payroll compliance
Documents typically needed
- PAN and Aadhaar of the founders
- Summary of the business and its activities
- Proposed shareholding and capital contribution
- Incorporation documents, if the entity already exists
- Existing agreements, if any
- Bank statements and past financial records, if any
Questions
- Is recognition under the Startup India initiative mandatory?
- No. Recognition is optional. Eligibility depends on conditions such as the type of entity, its age and its turnover, as notified by the government.
- Are legal agreements prepared as part of this service?
- Legal agreements such as founders’ and shareholders’ agreements are usually drafted by an advocate. The financial and tax aspects can be discussed as part of this service.
- Does the service include arranging funding?
- No. The service covers the financial, tax and compliance groundwork and does not involve raising funds or approaching investors.