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Re: need urgent help [message #170635 is a reply to message #170631]

Fri, 12 November 2010 13:23

Erwin Moller
Messages: 228
Registered: September 2010

Karma:

Senior Member

On 11/12/2010 8:14 AM, Vanesa Singh wrote:
> Dear Friends
>
> I need some suggestion and help. In the last 15-20 Days due to our
> marketing we have received web-development and website projects worth
> more than 8000 USD.
>
> Now the problem is that we are not incorporated and we are working as
> freelancer. We here refer to me, nitin and abhishek.
>
> Now the problem is 8000 USD is a huge amount and I am worried to
> withdraw this amount to my bank from paypal and i wish to incorporate
> my own web-development company which will also work in web-
> development, SEO, software development and some in-house projects of
> our own.
>
> I need suggestions from all the group member like how should i start-
> i consult a CA and he told me that incorporating a company will cost
> me around 20,000 INR and apart from that its yearly expenses will be
> around 10,000 INR per year.
>
> Also I feel that today i have got good projects but what about later-
> what if in future we dont get such huge projects, so what should i do.
>
> Second option for me is to open a proprietorship but what would be
> beneficial for us- a company or proprietorship.
>
> What is the difference between the same.
>
> I am really stuck up.
>
> Please suggest us something so that we get out of this trouble.
>
> regards
>
> Vanesa
>

Hi Venesa,

This is a technical newsgroup.
Most of us don't know the first thing about the best way to set up a
company in your country (India?).

For what it is worth: If I were you, I wouldn't start spending much
money on legal constructs/legal advise this early in your carreer.
If the business stays good, it may be worth looking into better
(legal/fiscal) constructs.
If you spend you money right away, well, it's gone.

Good luck.

Regards,
Erwin Moller

PS1: If you hire legal/fiscal advise in most western countries
(USA/Europe), your $8000 is gone after your second cup of coffee.

PS2: Please stop spamming alt.php

--
"There are two ways of constructing a software design: One way is to
make it so simple that there are obviously no deficiencies, and the
other way is to make it so complicated that there are no obvious
deficiencies. The first method is far more difficult."
-- C.A.R. Hoare

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[Message index]

		need urgent help By: Vanesa Singh on Fri, 12 November 2010 07:14
		Re: need urgent help By: Percival John Hackwor on Fri, 12 November 2010 08:07
		Re: need urgent help By: Twayne on Sun, 14 November 2010 17:47
		Re: need urgent help By: Jerry Stuckle on Fri, 12 November 2010 12:26
		Re: need urgent help By: Twayne on Sun, 14 November 2010 17:48
		Re: need urgent help By: Jerry Stuckle on Sun, 14 November 2010 18:32
		Re: need urgent help By: Twayne on Sun, 14 November 2010 22:15
		Re: need urgent help By: Jerry Stuckle on Sun, 14 November 2010 22:30
		Re: need urgent help By: Erwin Moller on Fri, 12 November 2010 13:23
		Re: need urgent help By: Erwin Moller on Fri, 12 November 2010 14:04

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