Thank you, Sriram! I thoroughly enjoyed your questions and am happy to have shared our experiences on this podcast. We aimed to convey several critical insights to all founders and business owners. I believe entrepreneurs and business professionals will greatly benefit from this episode.
No-Tax for Startup? No, startup need to pay tax. Only for certain period tax is exempted only for the eligible startups. If you are a eligible startup to get DPIIT certificate, then once receiving the DPIIT certificate you can go for Income tax exemption application in the DPIIT portal, if it approved you will get 3 years tax exemption benefit - first you will pay then you can take credit. In layman term only for 3 years you will get tax exemption. Valuation and Investor Reality Purely based on your product/services, scalability and exit plan for investors. Virtual CFO Really Needed? Its not mandatory, but Yes, for whom investments are done and for businesses whose turnover more than Rs. 3 crore.
28:00 well explained about company registration. Im just created my opc company a 6 mnt before . I don't know complaince and inc 20 auditor appointment , capital requirements. I create using online consult they didn't give proper guidance . But this podcast give clear explanation to new one want to create ❤🎉🎉🎉
Wow 😇 Extremely interesting and great podcast 👏 👍. Every entrepreneur from MSMEs and Startups must watch 🙌 Thank you Sriram ji for sharing this podcast.
A very phenomenal world class insights to the budding & ASPIRING entrepreneurs, these responders are highly knowledgable in the domain.thankQ immensely for this priceless podcast,pls keep going RPK Blore.
Amazing all these i learned North based auditor in youtuber channel in english. U did great job by doing in tamil. The Interviewee explained everything in deep & had great understanding.
Very useful video. Much needed for this gen entrepreneurs. Great work. Both people are looking highly knowledgeable and open minded in sharing information.
Thanks for a fantastic podcast, guys! Impressed by the clear and actionable advice shared by Vinay and Sathish. The points on identifying and avoiding common startup pitfalls were spot-on, especially the emphasis on a strong Management Information System (MIS). At Magnus Consulting, we strongly believe that a well-established MIS is the backbone of any successful startup. It provides real-time data and insights crucial for informed decision-making, growth, and avoiding costly mistakes. Another key takeaway was the importance of discipline towards accounting and compliance. Many startups underestimate the complexities of financial management. Adhering the applicable regulations and maintaining accurate financial records not only fosters investor confidence but also avoids potential legal issues down the line. Overall, a valuable episode for any aspiring entrepreneur. Keep up the excellent work, Vinay and Sathish! #startupadvice #MIS #accounting #compliance #MagnusConsulting
As him why MCA delays company registration process for months. I have bad experience with Eauditor office where they took more than 2 months for company registration. It took only 1 month for offline auditor to register company. Don't ever pay money before company name gets registered
Hi Arrshath, thank you for your comments. Yes, during your company formation process, the MCA was migrating from version 2 to version 3. That's completely because of the names that you have proposed. Those challenges clearly communicated and promptly updated to you. We believe the names what you have proposed to us and your present name of your newly registered company is different. May be in future MCA will bring down to the registration process simple and in lesser days. Wishing you the best!
For LLP Registration minimum of 2 partners required. Following are the steps 1. Should share partners KYC documents and registered office details 2. Name reservation 3. DSC will be taken for partners 4. Signing documents preparation and roc documents preparation 5. Once documents are signed by partners, these will be attached with the roc documents and submitted 6. Once llp formation is approved, need to file the LLP deed within 30 days of LLP registration Entire process will take 4 - 7 weeks. But for all businesses LLP registration is not required. for more details visit eAuditor Office website, Limited Liability Partnership (LLP) under New busienss Tab
Logically based on the following 1. Partners involvement and contribution to the startup 2. Expertise he brings 3. Value he adds to the startup 4. Investment he makes in monetary and non-monetary Based on these points you can arrive the shares to be distributed to each of them.
In my personal experience if we meet a finance people, they will kill our business enthu right away and give an illusion of we are saved. This interview is no exception
Thanks alot anna for this podcast, it's really eye opening video. I have a question, what if an investor get our idea and start their own business, as they might already have team of their own, enough money?
Yeah bro, practically it's not cost effective and it precedes the overall podcast production cost! That's why we haven't in future we will try to bring subtitles bro!
Very important discussion and lots of learning. This applies to all the startups around the world. Not only for Indian Entrepreneurs. I’m a Malaysian entrepreneur and enjoyed the discussion throughout my morning jog 🫡
Thank you, Sriram! I thoroughly enjoyed your questions and am happy to have shared our experiences on this podcast. We aimed to convey several critical insights to all founders and business owners. I believe entrepreneurs and business professionals will greatly benefit from this episode.
Thanks for your time sharing knowledge, sathish! Convey my gratitude to Vinay and your team!
Initially, I started with SSI in 2014 and later upgraded to Pvt Ltd Company. Great interview, @Sathish bro...
One of the best podcast I have watched in recent time.
Nandri bro ♥️
50:09 No-Tax for Startup? 1:16:17 Valuation and Investor Reality! 1:24:20 Virtual CFO Really Needed?
No-Tax for Startup?
No, startup need to pay tax. Only for certain period tax is exempted only for the eligible startups. If you are a eligible startup to get DPIIT certificate, then once receiving the DPIIT certificate you can go for Income tax exemption application in the DPIIT portal, if it approved you will get 3 years tax exemption benefit - first you will pay then you can take credit. In layman term only for 3 years you will get tax exemption.
Valuation and Investor Reality
Purely based on your product/services, scalability and exit plan for investors.
Virtual CFO Really Needed?
Its not mandatory, but Yes, for whom investments are done and for businesses whose turnover more than Rs. 3 crore.
56:56 what is that word remorazitiom or regularization or anything else that term is very new to me????
28:00 well explained about company registration. Im just created my opc company a 6 mnt before . I don't know complaince and inc 20 auditor appointment , capital requirements. I create using online consult they didn't give proper guidance . But this podcast give clear explanation to new one want to create ❤🎉🎉🎉
Thanks for the detail feedback! Please share among your group bro!
As always, Value over Delivered! Kudos to team E-Auditor office & to Sriram🎉
Nandri Atmaj!
Wow 😇 Extremely interesting and great podcast 👏 👍. Every entrepreneur from MSMEs and Startups must watch 🙌 Thank you Sriram ji for sharing this podcast.
Glad it was helpful to you Ji!
A very phenomenal world class insights to the budding & ASPIRING entrepreneurs, these responders are highly knowledgable in the domain.thankQ immensely for this priceless podcast,pls keep going
RPK Blore.
Thanks, RPK!! Please share this podcast with people who may find it helpful!
Amazing all these i learned North based auditor in youtuber channel in english. U did great job by doing in tamil. The Interviewee explained everything in deep & had great understanding.
Sema. Many of them should watch this
Thanks Eswaran! Please do share this within your group!
Hats off bro ✨one of the best video i ever seen 🔥
Pleasure is ours, Suriya!
Hats off Mr.sriram. keep going. 🎉🎉Best wishes 💐
Thanar Chandrasekar Uncle!!
Bro very grateful to u..
One of the best interview from ur side!
Very glad that we having u in tamil...
Thank u so much keep going on
#PurposeOfLife
Thank you so much 😀
Very useful video.
Much needed for this gen entrepreneurs.
Great work.
Both people are looking highly knowledgeable and open minded in sharing information.
Bro intha mathurii video la neraya yaathir pakurom bro 🤜 enghala mathurii yong entrepreneurs ku romba use aghum thanks for ur videos ❤
Valuable points 🎉
Thanks!
thanks for podcast bro❤
It's my pleasure, bro!
Wonderful video for a startup to start with... Hats off for this podcast and the team which shared so much detailed information with clarity.
Thanks, Santhoshy!
You're doing really wonderful work, Sriram. Keep going
Thank you so much 😀
I am a first generation entrepreneur. So many doubts and questions are answered. All the best. Keep podcasting.
Welcome to the club bro 🙌🏻
Thanks for the efforts ❤ gave clear clarity and long doubt clear when to enroll a company 🎉
More power to you
Nandri bro 🙌🏻
great podcast, valued my time
Thanks for listening! Check other episodes too!
Full of information. Feel like attended a paid course. well done team 🫡 #purposeoflife
Thanks bro! Happy this podcast added value to you in a small way! Yeah, this is my #purposeoflife!
Super useful podcast and awesome series 👌
Thanks 🙌🏻
Every second counts ❤🎉🎉🎉
Love from #Purpose of Life
Nandri Vignesh!
Its a very good channel, and you are doing a great job. Keep going all the best 😄👍
Thanks 🙌🏻 More episodes on the way!!
Amazing Sathish bro... His knowledge is amazing... eauditor
Thanks for a fantastic podcast, guys! Impressed by the clear and actionable advice shared by Vinay and Sathish.
The points on identifying and avoiding common startup pitfalls were spot-on, especially the emphasis on a strong Management Information System (MIS). At Magnus Consulting, we strongly believe that a well-established MIS is the backbone of any successful startup. It provides real-time data and insights crucial for informed decision-making, growth, and avoiding costly mistakes.
Another key takeaway was the importance of discipline towards accounting and compliance. Many startups underestimate the complexities of financial management. Adhering the applicable regulations and maintaining accurate financial records not only fosters investor confidence but also avoids potential legal issues down the line.
Overall, a valuable episode for any aspiring entrepreneur. Keep up the excellent work, Vinay and Sathish!
#startupadvice #MIS #accounting #compliance #MagnusConsulting
Amazing podcast 🎉
Thanks for listening! check other episodes too!
Thanks brother,❤
Always welcome
Very thoughtfully framed questions
Very insightful podcast
Thanks 🙌🏻
Actually every second worth👌🏼 Keet it up Mr. Sriram🤝
Thanks, Evvi! More podcasts are on the way! Do check our old ones too!
Really amazing podcast 👏
Thanks a lot, mam! Please share with the people around who could get value from it!
As him why MCA delays company registration process for months. I have bad experience with Eauditor office where they took more than 2 months for company registration. It took only 1 month for offline auditor to register company. Don't ever pay money before company name gets registered
Hi Arrshath, thank you for your comments. Yes, during your company formation process, the MCA was migrating from version 2 to version 3. That's completely because of the names that you have proposed. Those challenges clearly communicated and promptly updated to you. We believe the names what you have proposed to us and your present name of your newly registered company is different. May be in future MCA will bring down to the registration process simple and in lesser days. Wishing you the best!
@@eAuditorOffice Fine! Kindly take it as feedback & I have no personal grudge against your company. Thanks & wishing you to grow bigger
Definitely Arshath 🎉
Thanks for making the video
Pleasure is mine, arun! Please share them among your peers!
Great video Sriram bro, it was very useful
Regards,
Guru, TheMediaGuru
Thanks guru bro! Please share this with people who may find this helpful!
On theme! Up to the mark! 🫡
Nandri Nandri Nandri!!!
52:35 What is DPWT please tell me about it more
6:15 LLP details I’m not getting to register new company if you could explain
Sure bro, eAuditor team will explain it!
@@sriramselvan Thanks for your quick response I was trying to get more details about LLP
For LLP Registration minimum of 2 partners required.
Following are the steps
1. Should share partners KYC documents and registered office details
2. Name reservation
3. DSC will be taken for partners
4. Signing documents preparation and roc documents preparation
5. Once documents are signed by partners, these will be attached with the roc documents and submitted
6. Once llp formation is approved, need to file the LLP deed within 30 days of LLP registration
Entire process will take 4 - 7 weeks. But for all businesses LLP registration is not required. for more details visit eAuditor Office website, Limited Liability Partnership (LLP) under New busienss Tab
Highly intense and useful
Thanks Narendran, please share this with your friends!
best and informative podcast
Thanks, please share the podcast with people who may find it helpful!
Really valuable time to viewed this video
Happy that the podcast added value to you in a small way possible!
Very useful podcast.
Thanks! Please share them to people who may find this helpful too 🙌🏻
Great information, very useful
Glad it was helpful!
Great one naa!!
Nandri bro 🙌🏻
How to fix partnership share in a startup amoung founder ?
Logically based on the following
1. Partners involvement and contribution to the startup
2. Expertise he brings
3. Value he adds to the startup
4. Investment he makes in monetary and non-monetary
Based on these points you can arrive the shares to be distributed to each of them.
Bro nice podcast ❤ but where is the my competitor video link 🔗
Check now bro! Added in the description!
In my personal experience if we meet a finance people, they will kill our business enthu right away and give an illusion of we are saved. This interview is no exception
High Value Podcast ✅
Thanks 🙌🏻
Thanks alot anna for this podcast, it's really eye opening video.
I have a question, what if an investor get our idea and start their own business, as they might already have team of their own, enough money?
99% not possible. Because they have lots of intense work in selecting startups and managing the funds.
Bro very nice please cover sales and marketing, Human resources. Operations❤
U should use the subtitle bro
Yeah bro, practically it's not cost effective and it precedes the overall podcast production cost! That's why we haven't in future we will try to bring subtitles bro!
Super sir
Thanks sir!
Bro what's the name of the book you read on the company act's, could you please share.
Daily coffe and startup fundraising! Link in the description!
@@sriramselvan thank you so much !! And bro can I have your contact detail like a mail or something I have many doubts which I want to ask you
How to prepare the plan
Very important discussion and lots of learning. This applies to all the startups around the world. Not only for Indian Entrepreneurs. I’m a Malaysian entrepreneur and enjoyed the discussion throughout my morning jog 🫡
I'm glad that you found this podcast helpful, Vishnu!
@@sriramselvan keep in touch brother. You guys doing amazing job. Proud of you.
Very good video Brother. Coimbatore uh ?
Yeah, the guests were from Coimbatore!!
Compliences na yenna nu exact sollunga bro.. purunjukka mudila
🎉
ஏப்பா தமிழ் நு thumbnail போடுங்கப்பா
கண்டிப்பாக add செய்கிறோம்!!
ua-cam.com/play/PL5q_lef6zVkaTY_cT1k7qFNF2TidHCe-1.html&si=cBjxrnpJYtU-qacp
Sam Altman playlist referred to in the podcast
Thanks bro! Have added them in the description too!
How to contact you sir
Website link in description sir!
🎉