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Offering you a complete choice of services which include Funding Services, KPO Services, Starting Business In India Services and Startup Services.

Funding Services
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Funding Services

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For any business to be successful, it should have adequate supply of finances. This is especially true in case of growing countries like India. Businesses that are well-nourished economically operate efficiently and they are the ones that take advantage of the market during opportune moments. Those firms that are economically malnourished are the ones that are unfit for carrying out their business processes efficiently even in the presence of favorable market conditions.
So it is important for any business to have a proper flow of finances at regular intervals. Any entrepreneur should make an in-depth analysis before opting for additional finance.
This can be done in the following manner:
Determine the purpose of fund
This is the most important step. The entrepreneur should decide on the purpose for which funds are required, whether it is for expansion or working capital or any other reason. On the basis of this we can opt for financing through debt or equity.
Selecting the right type of fund
There are many types of funds available for a business viz debt, equity, venture capital, etc. The favourites being debt and equity. Small Business owners
who seek financing face a fundamental choice: should they borrow funds or take new investment capital? Since debt and equity are accounted for differently, the impact of financing on earnings, cash flows and taxes shall affect the choice of financing.
01. Debt
This type of finance is opted for in cases where there is a definite time frame involved. Debt is accounted for as a liability of the business which attracts interest and timely repayments. The interest portion can be claimed as deductible business expense. Although many feel that debt is expensive, yet it is equity which is the most expensive source of funding as it carries with itself higher risk. Further the entrepreneur has to plan cash flows for making the scheduled principal repayments along with interest.
Debt financing is used to fund a specific project or to meet the working capital requirements or to source expansion plans. It can be bifurcated into short term or long term depending on the purpose for which finance is required.
02. Equity
Equity represents an ownership stake in the business. When you finance through equity, you tend to give up a certain portion of your ownership interest in the form of shares, in exchange of cash. The investors receive remuneration in the form of dividend or a share in the annual profits. Though equity seems cheaper as compared to debt, it may prove expensive to the business owner since constant dilution of ownership interest may lead to possible loss of control. Financing in the form of Equity is opted for in cases where the gestation period of returns is long i.e if the business owner feels that profits are going to take some time.
Determining the quantum of finance
This is again an important factor that a business owner should consider before acquiring finance. The amount of finance should be determined after taking into
account the facts and figures of the project. Further one should not ignore the impact of the finance on future cash flows and earnings. Suppose we require
10 lacs additional finance but we make a rough estimation and take a loan of say 13 lacs. So the extra 3 lacs will require unnecessary interest payment and
will pinch your cashflows and profits. On the contrary if we take a loan of a lower amount say 8 lacs, it will again take a toll on the cash flows as you may
not be able to make the appropriate payments due to lack of funds.

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KPO Services
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KPO Services

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Any kind of business needs to focus on core activities such as business development, product innovation & execution. Finance and accounting services are the non-core activities.
The non-core activities could be outsourced to experts in the field. Outsourcing leads to effective channeling of energies towards the core activities of the business.
Advantages of Outsourcing are:
  • More time for business development and product innovation.
  • All the procedural work required by the government departments shall be dealt with.
  • Professional presentation and submission of all Tax Returns.
  • Expert Advice will be available for all financial matters. Wide and varied industry experience at your disposal.
  • No need to maintain senior level in-house staff. No employee training or employee turnover issues.
  • Reduction in Costs.
  • Time Saving.
  • Deadlines are the highest priority.
  • Complete Confidentiality.
We offer the following KPO Services: 
Setting up of Accounting System
It starts from defining the overall accounting framework to designing reports that are essential for conduct of business.
Book Keeping and general accounting services
This involves preparing and maintaining day to day accounts. The accounts are prepared as per the accounting standards. The accounts can also be structured
as per individual client needs and requirements.
Preparation of Financial Statements
This involves preparing annual accounts (including quarterly and half yearly accounts) of an organization along with the appropriate schedules.
Cash Forecasting
This involves modeling of an organization’s future financial liquidity over a specific time frame. Forecast helps in smooth management of cash inflows and outflows.
Budgeting
Budgeting is the key to financial management. This service involves planning and anticipating the future operating costs and expenditure of the organization.
Budgeting facilitates best allocation of resources.
Financial Reporting
This involves preparing all the key reports of the organization, viz Balance Sheet, profit & Loss Account, Cash Flow Statement, etc. The profitability of an
organization can be ascertained on the basis of these financial reports.
Financial Analysis
This involves assessing the profitability, stability and future viability of the business. Financial Analysis can be done using the following techniques:
  • Ratio Analysis
  • Break Even Analysis
  • Profitability analysis
  • Return on Investment (ROI).

 

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Starting Business In India Services
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Types of Business Entities for Starting Business in India:
01. Sole Proprietorship:
This is the most common type of business entity. Sole proprietorship means that there is a sole owner who funds as well as operates the business. Being one of the simplest forms of business entities, it is relatively formality free with no rules regarding records required to be kept, no requirement of having your accounts audited and no requirement of filing financial information to the registrar of companies. In short, there is no legal distinction between you and your business.
Pros:
Very easy to setup and start your business.
Relatively formality free. So, less time spent upfront in legal procedures.
Public disclosure of your finances-not required.
All the profits of your business are kept by you and no sharing of profits with others is required.
Cons:
Personal liability. If you go bankrupt, creditors get the right to your possessions-house, property, etc.
Very difficult to get investment from VC’s, angels, etc.
02. Partnerships
Partnership is a type of business entity, where you are partner with other individuals to own and run the business. On a higher level, they can be viewed as collection of sole proprietors. In case of partnership form of entity, you get access to a bigger pool of capital, skills and other resources to fund and run your business. All partners contribute capital equally, share profits and losses equally and have an equal say in business decisions, unless otherwise provided in the partnership deed.
Pros:
Access to larger pool of resources and capital.
Beneficial when you do not have the confidence to start the business on your own and need someone to shoulder the responsibility.
Access to complementary skills.
Cons:
In case of a mistake made by a business partner without your consent, you would be equally liable even though you had no role to play in the said mistake.
In case your partner goes bankrupt, his share in the business can be seized by the creditors. Although you are not liable for his personal debts, your business
may be put into jeopardy.
03. Limited Liability Partnership
The LLP shall be a body corporate and a legal entity separate from its partners. Any two or more persons, associated for carrying on a lawful business with a view to profit may by subscribing their names to an incorporation document and filing the same with the Registrar, form a Limited Liability Partnership.
Pros:
An LLP allows for an unlimited number of members and there is no upper limit on number of partners in an LLP unlike an ordinary partnership firm where the maximum number of partners cannot exceed 20 (10 in case of banking business).
Being a separate legal entity, LLP is liable to the full extent of its assets; the liability of the partners would be limited to their agreed contribution in the LLP.
There is flexibility without imposing detailed legal and procedural requirements.
It has features similar to a corporate entity, i.e.; perpetual existence irrespective of changes in partners, capable of entering into contracts and holding property in its own name. There is no requirement to maintain statutory records except Books of Accounts.
Cons:
LLP cannot raise funds from Public.
Any act of the partner without the other may bind the LLP.
04. Corporate Entity
This type of business entity is most common and preferred type while starting a business. A corporate entity is a separate legal entity from its founders, shareholders and managers. The liability of the shareholders is limited to the paid-unpaid capital that is issued as part of the company. Thus, in case of bankruptcy, the personal assets of the founders/managers are not affected.

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Startup Services
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Startup Services

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Any entrepreneur wanting to set-up business in India needs help of an expert. Most people start up in a business mainly because they have a good proposition. However there are many inherent factors like a good business plan, cashflow projections, financial aspects etc which can often be quite daunting to the entrepreneur. The good news is that you do not need to be an expert in these fields to succeed in business. All you need is the support of a team of trained experts.
We at Lakhani & Lakhani can help you evaluate your ideas. Our team of professionals will conduct an in-depth analysis on each aspect of your business. The analysis shall be done using professional skill of the highest order.
The result can be obtained in the following manner:
  • Suitable structure for your business (i.e sole-trader, partnership, LLP, company).
  • Business Plan which would include converting the idea and vision of the entrepreneur into financials.
  • Cash flow projections, budgets and trading forecasts.
  • Formalities of legal licenses and registration. These include applying for PAN, TAN, VAT registration and also registration under Service Tax and Excise.
  • Setting up of accounting system and processes. It starts from defining the overall accounting framework to designing reports that are essential for conduct of business.
  • Setting up of adequate internal checks and control system to prevent any leakages.
  • All statutory compliances shall be dealt with.
  • Assessing financial requirements and representing before bank and other financial institutions.
  • Funding
Further our team shall keep updating the entrepreneur about the various amendments in laws which shall directly or indirectly influence his business so that he can take informed decisions crucial for his business. Also he will be able to meet the challenges of global avenues. Our services shall also give your business the much needed cutting edge over the competitors.

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