LLP Startup Registration

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Top 3 Marketing Tips for A Startup

Posted on by Fastlegal Team
Top 3 Marketing Tips for A Startup

You have decided to start your business which you had kept on a burner for a long time. You are very excited and genuinely believe in your product. Having a marketing plan is very important when you are starting a business. Unless you have sales your business will die a slow and painful death.

Top 3 Marketing Tips for A Startup

Don’t worry, you can make sure that you to solve the issue of getting sales by using the 3 marketing tips we have mentioned below to kick start your startup marketing plan. Let’s get started.

1. Set up your website and legal formalities in place

Having a website to showcase your business to the world is one of the most important aspect for a startup. You won’t be able to market your ideas, goods, services, etc to the world without it.

There are many options when it comes to setting up your website. If you have an E-commerce website, Shopify is the best option for you. If you have a services business, WordPress is the best solution for you. If you have a location based website, you can set up a beautiful location based WordPress website.

You need to make sure though that your website is hosted on a robust and stable hosting server. If your business goes viral and you get a lot of visitors to your website, you don’t want your website to just because the hosting wasn’t strong enough. This has happened many times when a business idea went viral. For example, this has happened to businesses that were showcased on Shark Tank.

You can also opt for a local hosting service so that the website is shown to your audience faster. For example, if you are based in Australia, you can find a quality Australian web host to host your website.

Also, make sure that you have set up all the required legal formalities which include setting up your business as an LLC or a Private Limited Company, etc as per your requirements. File all the necessary tax and other declarations, etc. It is best to go with a professional company like us to ensure that there are no compliance issues in the future.

2. Get on social media

Getting your business of product or service viral is very important. You can do so by getting your website or your product viral on social media. Most startups have a very tight budget. To ensure that you make sales fast, social media is the best platform that you can leverage.

It is very easy to sell your products and create awareness for your product on social media platforms. Depending on your product or service, you can focus on various social media platforms.

Instagram and Pinterest are great for home décor, fashion, and retail businesses. LinkedIn is perfect if you want to target other businesses. If your product is visually appealing then you can go for Instagram or YouTube

3. Get Local Press

Using local press to your advantage is an excellent strategy that you can use as a business startup. Most local newspapers and magazines cover a local success story or an upcoming business. You will be able to expand your business and brand awareness with little to no cost. If you are lucky, the article may also be picked up by syndicated news publishers and your product or service can go viral.

Conclusion

Bootstrapping a Startup is difficult but not impossible. With the above three tips, you can easily get started and have sales which will lead to profits. You can use the profits to invest in paid advertising and other avenues which well get more sales and help your business grow.

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How to Add Designated Partner in LLP

Posted on by Fastlegal Team

For adding a Partner in LLP following procedure is to be followed as per the Provisions of LLP Act,2008:

Designated Partner in LLP

Designated Partner in LLP

  1. Eligibility Criteria for becoming a Designated Partner in LLP:

    • Only Individual can be appointed as Designated Partner in LLP.
    • The Person wish to appointed as a Designated Partner in LLP must have a Valid Director Identification Number.
    • Director Identification Number may be obtained by Filling FORM DIR-3 available on www.mca.gov.in after completing the form and attaching supporting documents, this form require pre-certification from Practicing Professional i.e. Company Secretary,Chartered Accountant or Cost Accountant. For obtaining Director Identification Number or Professional Certification.
    • After obtaining Director Identification number an individual is eligible for appointment as a Designated Partner.

  2. Procedure to be followed after obtaining Director Identification Number:

    • After obtaining Director Identification number, the proposed Designated Partner is required to intimate his DIN to the LLP.
    • The LLP is than will call a Meeting of Existing Partner for considering the appointment of Proposed Designated Partner. For getting draft of resolution passed in the Meeting and Preparing Minutes of the Meeting .
    • After approval of Existing Partners in duly conveyed Meeting for appointment of Proposed Designated Partner, A supplementary LLP Agreement is required to be made for draft of Supplimentry LLP Agreement .
    • A consent from Proposed Designated Partner is also required to be obtained in prescribed form.

  3. Intimation to Registrar of Companies about Appointment of New Designated Partner:

    • After Appointment of Designated Partner LLP is required to inform concerned Registrar of Companies i.e. in whose jurisdiction Registered office of LLP is situated, In E-FORM LLP-4 available on Www.mca.gov.in, within 30 days of appointment. you may visit Fastlegal for preparation of Forms and Pre Certification by Professional by CS, CA OR CMA
    • LLP is also required to file Supplementary LLP agreement in LLP FORM-3 within 30 days of such Appointment.

Note: Please ensure to file necessary forms within Prescribed time as late fee is Rs.100/- per day for each day of delay which has no upper limit.