What is the best Legal structure for startups in India?
Startups are to be built on trust and value that every team member sees “where in 5 years” especially the core team. To strengthen this trust factor comes ESOP.ESOPs refer to plans that give employees the right to purchase a certain number of the company’s shares instead of salary. This provides the employee with virtual stake and helps to reduce the risk of the founder.The Process has been mentioned belowSpecial Resolution has to be passed by the Board of directors to create ESOP pool. In ESOP pool you need to mention that how many shares are allotted for ESOP.File form MGT-14 to ROC (It provides the information of how many ESOP the company is issuing or to say that the company has ESOP of this percentage).Form ESOP Committee. ESOP committee can be a subset of the board of directors or all the directors can be the part of it.Draft the ESOP Scheme, in which you need to mention the rules and regulation regarding ESOP. After drafting it needs to be approved by the shareholders of the company.After approval and based on the ESOP scheme the ESOP Committee recommends the board which employee are eligible for ESOP. There shall be a minimum period of one year of vesting period, which can be extended by the ESOP Committee but cannot be decreased, between the grant of options and vesting of option.- See more at: Procedure for Issue of ESOP - WazzeerHappy to help, let’s connect Wazzeer.comIn case you want more questions to ask or to get some legal or accounting advice, checkout Counsel application of http://Wazzeer.com
What’s the easiest legal structure for a one person company?
The Easiest Legal Structure for a One Person Company is through setindiabiz :1.ELIGIBILITY FOR OPC REGISTRATION IN INDIA :Minimum One Person.No minimum capital is prescribed.One director of the company must be resident in India.Name of the company should be unique.2. Step Wise Procedure For OPC Registration In India through Setindiabiz :Class II - Digital Signature of Director.DIN - Director Identification Number.Name Approval Of Company - Approval of ROC.Drafting of Company - MOA & AOA of Company.Company Incorporation - Certificate of Registration .PAN, TAN & Opening of Bank Account.Source & Apply Here : One Person Company Registration | OPC Registration
What is the best legal structure for a technology company that develops mobile apps?
The product makes very little difference in which corporate organizing structure you choose. Chose a corporate structure based on the needs of how the company will be run, not what it produces.In most cases, LLC is appropriate because it's cheap, simple, and easy to do. However, LLCs cannot issue stock and are harder to manage with more than a small number of owners, so once a company grows to a certain point, changing status to a C Corp is most likely the proper thing to do.Really, this depends a lot on the jurisdiction the company is being organized in, and the particulars of the law regarding LLC, Gmbh, C Corp, and other legal company entities.
What is the legal structure of a franchise?
Structuring a franchise works differently in different countries of the world. They are governed by several legislation and legal frameworks. For eg : USA has a very comprehensive UFOC framework within which the franchise business model has to be configured and adhered to. India on the other hand does not have a specific franchise related framework but is governed by several laws including companies act, IP rules and several other regulations.Hence there are specialised consultants like Franchise Development in India - SparkleMinds which can help you structure your franchise and work closely with you in getting you to your franchise expansion goals.
What is the structure of a business plan?
It sounds like you need a financial planner, that is me. To me, the procedure is like this: 1. set goal 2. evaluate current situation 3. get professional help to come up with a plan 4. implement the plan 5. review plan annually. Honestly, to know the steps is just a part of the whole thing because only a doable plan custom designed for a doer will work. firstname.lastname@example.org
What is the legal structure of KFC? Partnership, soul trader, what? And why is it this way?
Good question I'll wait for the best answer.
What is the best legal structure for a retail furniture business?
I think it depends more on taxes, your needs and plans for the future than it does the type of business. You'll find more about the 6 types of ownership at Choose Your Business Structure. Personally, I've gone with a corporation, primarily to separate any liability issues from my personal finances. You may wish to speak with an accountant or attorney.
What is the legal structure of startup incubators?
A large percentage of business incubators are nonprofits, funded by government grants, corporate sponsorships, or embedded within universities.The rest of for-profit companies, some of which are funded by corporate sponsorships, with a minority funded primarily by investors. That last minority tend to be the business accelerators, which is the newest form of incubator.Mine (Fledge) is in that last category, a mission-driven for-profit company investing in mission-driven for-profit startup, all funded by impact investors.
What is the best legal structure and place for a foreign startup aiming to incorporate in the US?
Because your plan is to raise money, I would recommend forming as a C Corporation in Delaware.Why Delaware?Well, the state has a well-developed corporate law and judges/former corporate lawyers in the Court of Chancery who understand business disputes really well. So investors really like that and have pretty much made that the standard state to incorporate in if you're starting a high-growth tech startup. Also, Delaware does offer the greatest flexibility in terms of structuring boards of directors, stock issuance and preference, and voting rights. It also provides the broadest privacy protections. For instance, it doesn’t require director or officer names to be revealed on formation documents.The Advantages of a C CorpShields entrepreneurs from personal liabilityVenture capitalists don’t generally invest in “pass-through entities” such as LLCs or S-Corps for tax purposesCheaper to set up than an LLC in states that require publication fees for LLC’s.Flexible stock structure/easy to issue different classes of stock, also easy for investors to use different financial documents (like convertible notes, SAFES, warrants, subordinated debt)Best structure to raise equity capital through crowdfunding sites like KickstarterMaximize medical coverage tax deductionsEasier to get foreign investors (S corporations, by definition, cannot have any nonresident alien shareholders.)Minimize employment taxes.- shareholder-employees of S and C corporations pay FICA (Social Security and Medicare) taxes only on wages they receive.I invite you to visit LawTrades for any of your legal needs. The lawyers on our site have helped hundreds of foreign-based individuals set up shop in the US. We offer free consultations w/ top attorneys, no hassle price quotes, alternative pricing structures, and a money-back guarantee. Feel free to reach out if you have any questions!