From financing errors to deficiencies in the business plan: The reasons why business start-ups fail are often due to a bad start. No wonder: The step into self-employment is complex and holds many pitfalls. This makes having professional support more important.
Business start-up advice from tax advisors
For tax advisors, start-up advice is a lucrative business field.
Why business start-up advice is an important business area
As a rule, business start-ups require long-term advice and support for the client on the way to self-employment. In addition to their industry reputation, tax consultants also enjoy a decisive advantage over management consultants: they are already very well positioned in matters of tax law.
Tax advisors can assist in these matters of starting a business
From strategy advice to liquidity planning: the services that tax consultants can provide in start-up advice are diverse.
Business start-up advice is fundamentally a future-oriented discipline that finds answers to how opportunities can be used as best as possible, and risks can be minimized. For tax consultants, whose daily work previously consisted of balance sheets and financial statements, this has become a new duty.
The focus of business start-up advice
It is usually a long way from the idea to a successful company, requiring a lot of advice. By consulting company formation services in India, you can easily get quality advice, but tax advisors can also provide advice in particular in the following areas of company formation,
Anyone who develops a start-up idea from a matter close to their hearts can easily overlook risks. Many founders also find it difficult to realistically assess potential. Then the view from the outside is worth its weight in gold.
A tax advisor, for example, will check how well thought out the start-up concept is and how profitable it can be. How does the founder himself rate his idea? What ideas does he have of his future everyday work?
In any case, it is important that the business idea also fits the personality of the founder, so that a credible and long-term successful company emerges. Does the founder also have the appropriate planning and management skills?
Legal form advice
The question of the right legal form will likely arise when setting up a business. Company registration consultants in Delhi advise their clients about the requirements of the different legal forms, how this affects the law and what consequences this has for capital and tax matters.
In addition to questions about liability and start-up capital, it is also a matter of choosing a legal form that suits the corporate strategy. This also helps ensure that financial and business goals can be achieved.
Financing plan and liquidity planning
One of the most important reasons why start-ups fail is wrong ideas about the financing of the project among the founders. Often the expected sales are calculated too generously, while the funding requirements are underestimated.
A particularly important component of start-up advice is therefore the realistic planning of capital and finances. Show the prospective founders the capital requirements for start-up financing with a well-thought-out financing plan.
Company formation consultants convince the company founders of the need to always plan loans beyond actual needs. In this way, clients are financially secure against unforeseeable risks and do not suffer shipwreck as quickly.
This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise. AKGVG & Associates does not intend to advertise its services through this.