Interiors of a startup black box

No lengthy lectures. No vague advice. No paid articles. No Technology jargon.

No-nonsense startup information. From founding to millions and beyond.

Starting the startup Partnership

When you consider partnership it’s important to make sure that all the parties are committed. There are far too many examples of some people being committed and some of them not committed. I personally know a startup where the lead guy was totally committed but the technical counterpart was not as committed. For that  Technical…

IT Startup Strategist

Marketing to get freelancers work for you Good writing – hire content writers if needed, never compromise Short term Initial marketing to potential customers Calculate the practical conversion rate Estimate the cost involved for initial promotions, referral rewards, cash backs etc Multiple strategies here Partner with existing supporting business – like if you are offering…

Partnership Legalities

What entities are possible Proprietary firm – single person entity. Partnership firm – entity with minimum of 2 and maximum of 20 partners. Limited Liability Partnership – Legal entity created by law Private Limited Company – Legal entity created by law Public Limited Company – only when you decide to get listed on a stock…

Starting the startup – Partnership

When you consider partnership it’s important to make sure that all the parties are committed. There are far too many examples of some people being committed and some of them not committed. I personally know a startup where the lead guy was totally committed but the technical counterpart was not as committed. For that  Technical…

Money Payout

For proprietary firm, partnership firm or LLP, the money taken is an unsecured loan(with mutually agreed interest rates). The money is to be paid out as documented in the initial deed. From a taxation point of view, this is an initial loan + accrued interest, and this sum is an expense from the revenues of…

Initial money into the entity

Money into the any of the entity is initial capital investment. This money must be from the legal sources. It can come from overseas, provided tax was paid on it in the originating company. Obviously, there’s no tax on the initial capital into any of the entities above whether it’s a firm or a company.…

How many partners are ideal when you start

As with any partnership, lower the better. As lucrative it may seem to start with a minimum individual initial capital contribution, experience says it doesn’t really make sense to have lots of partners, with a say in day to day or major business decisions. The business will eventually go nowhere if most of the partners…

Closing Down

You can grow from proprietary firm to partnership to company and then the public limited company, however in some circumstances you may either want to step down from the entity, keeping the entity going, or you may decide to shut down the entity. There are laws governing that and it’s safe to go the legal…

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