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| Where to incorporate your company in USA for Indian Businesses [Whiteboard Friday] Previously we discussed various business structure that Indian business owners could choose if they are starting a company in USA (Choosing right business legal structure in USA for Indian Entrepreneurs). However as the name suggests, United States Of America is a country formed by uniting various states. So the laws in each 50 state is a little different and hence, incorporating in the right state is important. In this episode of "eLagaan Whiteboard Friday", the eLagaan team explains various factors you should consider before incorporating your business in one state or other. Some of the factors include immigration status, State of residence, Privacy laws, Cost, Customer location, Employee location, Forum shopping & Long arm statute. Also consideration on finding a state which is corporate friendly, so the businesses have higher chances of favorable court laws. Recommended Read: Explained: 7 Steps to Incorporate a Company in USA (from outside USA) Subscribe to Pluggd.in's Youtube channel. | | | What deals do Indians buy [Crazeal Data] What deals are Indians looking for? 51% enjoy F&B deals, 20% experience local spas and salons. | | | Buy Kitchen Products Online on Jolivi, Bangalore Based Startup Jolivi has all the hardware that you would need to buy for your kitchen and dining table, except the modular kitchen and the dining table of course. Arranged in easy to navigate menus at the website, Jolivi.com is a simple, yet brilliant idea that would add fun to the heart of your home--the kitchen. | | | OrangeScape secures $1mn funding from IAN PaaS provider, OrangeScape has raised $1mn funding from IAN (Indian Angel Network) and post this funding, Sharad Sharma of IAN will join OrangeScape's board. | | | LinkedIn To Acquire Slideshare for $118.8 Million Deal The deal is expected to close by the middle of this year and as per the reports, LinkedIn will pay 45% of the SlideShare purchase price in cash, with the balance in the form of stock | | | Day 1 with XOLO X900 [Review] The Intel based XOLO was launched last week and for the uninitiated, XOLO is the first device to sport Intel's Medfield processor and importantly, India is the first country where XOLO X900 has been launched. We have been playing with the device and here is the day 1 review of the device plus the Unboxing video. | | | Qn: Do I need to have 1 lakh in the bank to form a Private Limited Company? [Company Incorporation] While incorporating a private limited company, most people falter at the sight of the Rs. 1 lakh authorized capital which every company must have in accordance with the requirements under the Companies Act, 1956, as amended ("Companies Act"). Common questions include: (a) Do you need to deposit Rs. 1 lakh in a fixed deposit account in a bank? (b) Do I need to wait till I can collect Rs. 1 lakh in cash? Due to this and many other common misconceptions that many entrepreneurs have, many people prefer to form a proprietorship concern. The principal advantage of incorporating a private limited company is the limited liability of Companies vis-à-vis a proprietorship concern or a partnership firm. It is important to understand that it is not necessary to have Rs. 1 lakh either in cash or in a fixed deposit account when starting a company. So then what is this Rs. 1 lakh requirement? The requirement of Rs. 1 lakh is with respect to the authorised share capital of the company. Authorised share capital essentially represents the aggregate value of shares which can be issued by a company. In contrast, issued and subscribed share capital represents the aggregate value of shares ... | | | Telecom subscribers grow 0.83% between Feb-Mar'12 The number of telephone subscribers in India has grown at a rate of 0.83 per cent MoM. It has increased to 951.34 million at the end of March'12 from 943.49 million in Feb'12. This has been reported by the TRAI today. While urban areas added 1.71 million subscriptions in a month, rural subscription grew at a rapid pace of 6.14 million during the same period. | | | Report: 3 among 10 Indians are suffering [Healthcare] There is an overall decline in national reading and mathematical proficiency to the point where most Indian children are now considered to be two to three years behind expectations | | | | More to read:
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