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LLP registration in India becomes easy than ever! knows that accumulating the desired amount of capital is very basic and crucial requirement of a business. This however also proves to be the most difficult one for a lot of budding entrepreneurs, putting off thousands of dreams. The amount required to start a business varies for various business types. Though true, this has no direct relationship with the success of the business. However, as per the general perception a certain specific amount is required to start a business. What to do if one if unable to accumulate that amount? This is what this article is all about. Therefore, if you are a budding entrepreneur with inadequate funds, trail the following steps to get going with your dream business.

Bring out the plan

There are a lot of youngsters with brilliant business plans along with lack of funds to implement and execute. Thankfully for such master minds, this era does not require money as much as it welcomes new ideas. With a lot of private equity firms and angel investors looking to fund a sensational idea, smart ideas will no more be turning into unfulfilled dreams. If you are one such aspirant, prepare a good business plan and an impressive presentation that showcases and conveys your ideas to the core. TieCon, CII, FICCI, come up with ample of opportunities by conducting presentations frequently.

Register you LLP with EMI 

Incorporation of the newly formed business entity is the very first step towards building a business. It is important as incorporation opens the doors for legal formalities like opening of bank account in the name of the business, attaining tax registrations and invoicing clients. Amongst all, a Limited Liability Partnership registration costs the least making a total of Rs.8000. However if you are facing trouble with accruing funds, EMI option is available for LLP Registration. It is a very good option which becomes most feasible for all the promising business men of India.

Becoming an E-seller

In today’s IT oriented world, becoming an e-seller in online markets has become extremely easy. Online markets like Flipkart, Amazon, Snapdeal and Jabong etc are doing very well by attracting customers from all over the world. Today anything one can think of buying from a market can probably be sold in the virtual market. It is easy, hassle free and quick business. Further, becoming a seller on an established ecommerce portal makes way for uncomplicated and trouble free access to potential customers.

Schemes launched by the government

The present government of India is involved in developing the Indian business eco system like never before. We have witnessed the launch of several schemes and incentives for start ups in India, like the most popular Startup India Standup India plan. In the same line, the central and the state governments provide a lot of schemes to encourage and support the first generation entrepreneurs. From providing seed funding to arranging for the bank loan, these schemes are 360 degrees support oriented. Some of such schemes NEEDS Scheme in Tamil Nadu, Self-Employment and Talent Utilisation (SETU) Program announced in 2015 Budget.

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Why should we allow GST to replace the Current Tax Scenario ?

Screenshot_12The proposed GST bill aims to introduce a goods and services tax (GST) which will subsume various indirect taxes, including Excise Duty, Countervailing Duty, Service Tax, value added tax (VAT), entry tax, entertainment tax, etc. which makes our grocery goods to a multiplex ticket cost raised upto 40% and that is too much.

When GST will be introduced the price of a product will become reduced. A fall in price generally increases the product demand. Not only the price reduces but also the working capital too. GST makes the price of a product unique throughout the country which makes it more interesting.

In GST both Central GST and State GST will be charged on manufacturing cost and will be collected on point of sale not like current scenario where tax is levied on all stages.

The proposed rate of GST is about 16%-17% which is much lesser when compared with the current rate of taxation. As per current tax pattern, the tax rates are about 35%-40%.

Its introduction would be a very significant step as it is expected to raise India’s GDP by up to 2 percent. The bill has already been passed in the Lok Sabha and is awaiting its passage in the Rajya Sabha and THE TAXPAYER INDIAN believes that we should support it for a good cause.


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Women winning the Race

Screenshot_1When it comes to professionalism, leadership and management, does gender matter? Is there any difference between the working style of men and women? If so, does it have effects on the end result? Though we have women at the top of the top industries and businesses in the world, the growth has not been able to wipe out gender prejudice. Professional women face problem of biasness due to some preconceived notion which are deeply set in the minds of the society Worldwide.

The partialness against women is so strong that even their working hard or being career-oriented is considered to be a problem. The reality is that they want women to be mute observers and supporters because they are not able to digest the fact that women can be smarter, sharper and perform better.
The insecurity has risen so much that people stoop as low as to blame good looking women of using appearances to move ahead.

However, the good news is that all this chauvinism has not deterred women for we have women like Chanda Kochhar, (CEO, ICICI bank), who had the courage to pave their way to the top through the thorns. These brave women not only made success their own, but also delivered it to numerous hopeful women who needed that ‘push’ to mark their place in the world.
According to a survey, Women leaders have proved to be far more assertive and persuasive, have a tougher call for getting things done and are more willing to take risks than male leaders. They are also found to be more considerate and flexible, as well as stronger in interpersonal skills than their male counterparts.
Nevertheless this article is not for sulking at the chauvinistic thought process of the world. We are here to empower all those strong headed women who are going to take over the corporate world pretty soon!

Here are a few stepping stones for you:

Do not loose who you are to fit in. The world will tell you to change their way to be a part of their world. However you do not need to undo your personality for the likeliness of others. Strong streams make their own ways!
Keep your dose of Determination high. Know that you have chosen to face all the heck of problems. Keep yourselves sturdy and meet your problems face to face.

Aspire to give your best, you’ll be the Best. You do not need to compete hard or be flawless in everything you do. All you need to do is give your 100% to everything you do. Rest will automatically be taken care of.
Find and give support. There might be other female aspirants struggling their way up, waiting for this kind of support or there may be times when you might need support from others. Know everyone else around you and stay in touch. Be available for help every-time someone needs you.

If you have any inspiring story of yours or any one you know, that can boost the morale of our readers, do share with us in the comment box below.


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Donation gets a modern makeover

Altering the existing trends of taking donations, the Temples, churches & masjids have now started opening Demat accounts to accept shares as donations.

Latest developments have seen various temples, churches and masjids becoming shareholders of companies listed on domestic exchanges. Numerous wealthy devotees are offering shares instead of donating cash and gold. Thus in the past few months more than 50 trusts of places of worship have opened demat and EEFC accounts.

Tirupati Balaji Temple, leading the list has become world’s first temple to open a Demat account to accept donations from devotees in the form of shares and securities and EEFC accounts for accepting foreign currencies. The account has been opened in the Stock Holding Corporation of India Limited (SHCIL) by the managing body of the Temple. Shree Siddhivinayak in Mumbai, Vaishno Devi Temple in Jammu and Vardhman Mahavir Temple, have also opened their doors for donations through shares.

According to the experts, the flourishing stock market and weakening of gold prices have encouraged rich devotees to offer shares to religious trusts. However, the managing trusts cannot be long-term shareholders in private companies for one can’t hold the shares of private listed companies for more than a year. Further there are no such restrictions on holding shares of public undertaking.

Interestingly the numbers involved in this case are enormously breath-taking.

According to an investigation, the donation amount received by 4 big temples of our country is around 1Lakh 32000 Crore! As per the survey an average of 8 crore is received by these temples on daily basis.

What do you think about it? Have anything to share? Do leave your comments and views about the topic in the comment box below.

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