Every new venture should have a business plan. The purpose of the plan is to enable the top executives of the firm to think about their business in a comprehensive way, to communicate their objectives to individuals who may have a stake in the firm's future, to have a basis for making decisions, and to facilitate the planning process.
You must choose the most appropriate Form of Business Organisation ( Legal Structure) for your business. Each form of legal structure has its advantages and disadvantages. Look through various factors that you must consider and the advantages and disadvantages of each form of business organisation.
To register a Indian LLP, you need to first apply for a Designated Partner Identification Number (DPIN), which can be done by filing eForm for acquiring the DIN or DPIN. You would then need to acquire your Digital Signature Certificate and register the same on the portal.
Understanding the basics of financial resources will prove immensely beneficial to you and your business. Continue reading to find out more about accounting, capital budgeting, cash flow management, insurance and taxation.