There are multiple classes of Director with different roles and expectations. Most of the time, we speak only being a Director in the Company (which is the most common form) but are not aware of the other types.
How much to pay during seed round? Series A? Get the details.
Employee Handbook has been a popular piece of document which helps employees to understand various facilities, processes, systems and culture of the company.
. Many Entrepreneurs are clueless about the role and responsibilities of the Director from Company Law’s viewpoint. This leads to greater non compliance and can also lead to litigations and penalties.
Your business requires you to focus on things that matter most at this time. That is converting users into customers. Not incorporation. If you don’t find your product-market fit, you won’t have customers anyway, so why spend time on incorporation?
In this episode of eLagaan Whiteboard Friday, the eLagaan team talks about the new company law & running a private limited company.
The new company law has brought important changes to share allotment process. Now most of the allotments need to follow a specific process, information about allotment should be filed with RoC in certain timeframes.
Since the time LLP was introduced, many businesses went to incorporate as LLP (for the initial hype) without being aware of its limitations and advantages in true sense.
The new Company Law has introduced a new business entity called One Person Company, which has limited liability and can be started by a single person.
Post OPC launch, Indian entrepreneurs now have a whole lot of incorporation options to choose from : right from OPC (One Persopn Company) to LLP (Limited Liability Partnership), Private Limited Company, Sole Proprietary to Partnership Firms.