Key Services Offered in Business Establishment Consultancy
- Assessment of your business idea.
- Conducting market analysis.
- Evaluation of competition and demand levels.
- Gauging the financial practicality.
- Determining the necessary organizational form (Individual Entrepreneur, partnership, Limited Liability Company, Joint Stock Company, etc.)
- Registration with the relevant governmental authorities (Ministry of Corporate Affairs, Company Registrars, etc.)
- Drafting legal documents: partnership deeds, memorandums of association, and articles of association.
- Obtaining a tax identification number (state registration).
- Acquiring a license for trading or commercial businesses.
- Registering a trademark.
- Getting permits for alternative business (where needed).
- Obtaining approvals from regulatory bodies for various types of business (for example, FSSAI for food manufacturing companies, ISO for manufacturing businesses).
- Develop a plan for selecting the business location based on the chosen sector and location in the target market.
- Draft purchase or lease agreements.
- Set up office and production premises, power supply systems, IT, and other equipment.
- Preparing a financial plan, setting up the required amount of investment, preparing budgets, and making forecasts.
- Obtaining any necessary tax registrations including VAT, income tax, and others.
- Establishing the procedures for accounting and bookkeeping.
- Writing job descriptions and the process of recruitment.
- Knowledge of the labour laws and what the employees are entitled to.
- Provision of payroll department and employee benefits plans.
- Preparing a marketing strategy for a specific business.
- Reviewing your business, for example, the use of any brand, logo, and internet presence.
- Identifying channels of digital marketing to be utilised, including social networks, websites, and search engine optimisation.
- Management of the supply chain.
- How to deal with customers.
- How things are done within the organisation, efficiency, and standards.
Mantraa
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