‘Some Must Knows For Entrepreneurs In 2016’ – Entrepreneur
Hrishikesh Datar says, “Truthfully, starting a start-up is always difficult. Every new product is unique and when someone really believes in what they have to share with the world, this becomes a whole lot easier. When the initial plan has been set and the basic framework of the company is in place, as entrepreneurs, we can, then concentrate solely on building our team and product, with the knowledge that the company in itself is as safe as can be from any external or internal factors. Here I aim to take you through some of the most important points to keep in mind before setting up shop in India in 2016.
Business Registeration
All businesses have reason to create an entity, whether it is a private limited one to help in raising funding or a simple partnership agreement to distribute responsibility. Initially while setting-up a business, every entrepreneur faces the issue of which business model to choose. Picking the right business model plays a crucial role as it will ultimately affect every aspect of the future of the business. The most important point to note here is that every form of business is ruled by its own set of rules and regulations, with its own advantages and disadvantages. This is precisely why a lot of care has to be taken to ensure that all parts of the requisite legal framework have been complied with. The repercussion of not doing so will lead to hefty fines to the entity as well as a bad public image of the company”.
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