Posts Tagged: business

Big Shots

10 top challenges in taking-up freelancing as a career

Of course, freelancing is very rewarding and comforting in every way. The comfort of home to work from and the freedom to work at the desired pace is forcing more and more people to turn themselves into freelancers. There is an ever-increasing demand for freelancers amounting to a significant increase in the workforce. But, as there is a flip side to every coin, so does freelancing comes with its own cost. Here, are a list of challenges that a freelancer faces in his freelancing career: 1. Hunting for a good client: The biggest problem in freelancing is to look for reliable well-paying clients. Though you would get multiple job openings on platforms like Naukri, Times, Monster, freelancer.com, upwork.com, etc., yet, it gets challenging to zero down on the right clients.

Big Shots

All About Director Identification Number

DIN stands for director identification number; it is a unique number allotted by central government to any person intending to be a director or is an existing director of any company. It is an 8-digit unique identification, which has lifetime validity. Through DIN details of the director of company are maintained in database.

Big Shots

Internal Audit

Internal audits are subjected to company’s internal controls which includes corporate governance and accounting processes. It operates and manages legal compliance along with efficient financial reporting and collection of data. It also helps in maintaining operational efficiency by identification of problems and reforming lapses before they get discovered and identified in conduction of external audit. It is a way which provides an opportunity for firms to undo their wrongs and work effectively. It essentially focuses on possible areas for reformation and how that can be strengthened. Also, adding value to firm’s governing mechanism.

Big Shots

Ease of doing Business in India

India is ranked 100 among 190 economies in the ease of doing business according to the latest World Bank annual ratings. The major improvements such as resolving insolvency, paying taxes online, protecting minority investors and getting credit made India to jump to the 100th rank.

Big Shots

Difference between MoU and Letter of Intent

Memorandum of understanding abbreviated as MOU and letter of intent as LOI, are two different terms but they somehow seem similar and people often get confused over it. This article tries to explain the difference between the two.

Big Shots

Annual Mandatory Compliance for LLPs

LLP or Limited Liability Partnership is a body corporate which has its own legal identity. It has a common seal and perpetual succession. A minimum of two partners are required to form an LLP though there is no cap on the maximum number of partners that it can have.

Big Shots

Registering a PVT LTD Company

Private Limited Company, the most mainstream lawful structure for perpetuating a business. It is simple to form an entity in India. For this one should simply enrol the directors who are the face of the company with the Ministry of Corporate Affairs (MCA). The name of the organization must be enlisted and present the organization incorporation documents that includes the Memorandum of Association and Articles of Association. A private limited company must have at least two individuals and a maximum of 200 individuals. The whole procedure of registration takes around 10 to 15 days.

Big Shots

Startup Registration

After introducing the concept of Start-Up Scheme, the people around the country wants to know more about the benefits and profits which are offered by the scheme. This is one of the efficient steps taken by the Government of India to support the startups and business ventures which have new, creative and innovative ideas. Innovative ideas of the start-up always look forward to the proper infrastructure with great financial support to live in the competitive environment of the business.

Legal

Reply to a Trademark Objection

After an application for trademark registration is made, it is examined by the trademark examiners. The examiners analyze all the aspect of the trademark application and thus makes sure that the application and the trademark aspired is up to the requirements and within the legal aspects, If the examiner found some issues in the application, they put these objections in the form of trademark examination report, which is uploaded in the official website of the trademark office.

Legal

Reply to a Copyright Objection

Copyright is a right that is given to the inventor of the literary, dramatic, musical and artistic work, etc. To be registered, it is not essential that the copyrighted work should be published. An unpublished work can also be subject to registration as copyright.

Legal

Copyright Objection

Copyright is a bundle of rights, including the right to reproduction, adaptation, and translation of the work that is vested by the law upon the creators of literary, dramatic, musical and artistic works and the producers of the cinematographic films and sound recordings.

Legal

Sale of Patent Rights

The Duhaime’s law dictionary defines a Patent as an exclusive privilege granted to an inventor to make, use or sell an invention for a set number of years.

Legal

Significant details of RERA

RERA (The Real Estate Regulation and Development Act, 2016) is India’s first Act to give real estate regulation and laws. The Parliament of India has passed the act last year i.e. 2016 and 1st May 2017 was given to Union Ministry of Housing and Urban Poverty Alleviation for the implementation of this Act. This Act formulates and notifies the rules to the regulate, directly or indirectly, for the proper functioning of the real estate sector. The basic motive of introducing RERA Act is to bring fair practices with the clarity to the buyers about their rights and interest and heavy penalties will be imposed on builders if they try to exercise unfair practice or infringe the buyer’s rights and interests.

Legal

Types of Contract

A contract is simply an agreement between two parties where an offer and acceptance to do or refrain from doing a particular thing along with some form of consideration or remuneration to be given on the fulfillment of the promise.

Big Shots

Advantages of MSME Registration

Micro, small and medium enterprises (MSMEs) are often considered the backbone of Indian economy. MSME’s or SSI provides greater employment opportunity and ensures infrastructural development and industrial growth in the semi-urban and rural areas. Further, these have served well the socialist goals like equality of income and regional imbalances.

Legal

Annual Mandatory Compliance for Start-ups in India

Startups in India have to follow a number of compliances placed by various statues. These include the periodic filing of tax and other returns, holding the board and other meetings, maintaining statutory books and accounts etc.

Legal

Sale of Business Agreement

In this capitalist world, constant economic transactions are taking place. One of these important transactions is selling your business. While the sale of your business sounds like a simple enough deal, there is a lot of basics which has to be hammered out in this comprehensive document.

Legal

Freelance Agreement: Important Clauses

A freelance agreement is an agreement in which people are free to work at their own liberty for their clients. According to the dictionary meaning of freelance, it is serving one or more companies at a time on contract basis as opposed to working for a single company. The person who offers services to other people/companies is a freelancer. They do not work for one person but serve more than one person at a time on their own terms and conditions. Generally, they have expertise in a certain field/matter. E.g. if you visit a studio the person who clicks your photo is a freelancer. He is not your employee though he served you as he has expertise in photography, he served you on his own terms and conditions and he is not obliged to work for you. You are his client. There is a freelance agreement between you and the photographer for a photo.

10 top challenges in taking-up freelancing as a career

All About Director Identification Number

Internal Audit

Ease of doing Business in India

Difference between MoU and Letter of Intent

Annual Mandatory Compliance for LLPs

Registering a PVT LTD Company

Startup Registration

Reply to a Trademark Objection

Reply to a Copyright Objection

Copyright Objection

Sale of Patent Rights

Significant details of RERA

Types of Contract

Advantages of MSME Registration

Annual Mandatory Compliance for Start-ups in India

Sale of Business Agreement

Freelance Agreement: Important Clauses

Popular Tags

Popular Authors

Popular Posts