How To Start A Business With Only Virtual Cfo by Enterslice

Indeed, VIRTUAL CFO services play a vital role in helping small businesses grow and generate revenue. But, the question is how? We will surely come to that, but let us first understand a few things.

Undoubtedly, finance is the backbone of every business. And hence, it's essential to have an experienced VIRTUAL CFO to advise and guide you in making financial decisions, preparing financial statements, etc. But hiring a full-time VIRTUAL CFO isn't only a daunting task but is expensive as well.

For MNC's and large businesses, hiring full-time VIRTUAL CFO services won't cost too much as they can afford them. But being a small business, you can't spend so much of the capital in hiring VIRTUAL CFO SERVICES. Instead, you can save that capital for the betterment of your company's products or services or creative innovations.

So, how will small companies or businesses deal with their financial operations? It's simple. They can outsource the company's financial activities to a third-party that provides VIRTUAL CFO services. The only thing you need to consider while choosing your VIRTUAL CFO is the experience and in-depth knowledge the VIRTUAL CFO must have.

In this blog, we are going to discuss several reasons small businesses have got to employ VIRTUAL CFO Services. 

So, without stretching it any more let's get started-

 

Reasons Small Business must employ VIRTUAL CFO Services

VIRTUAL CFO services are not limited to a number, but it is vast. There are a plethora of services that fall under it such as financial reporting, cash flow management, strategic planning, etc. It's completely up to you what assistance you require. Small businesses should employ VIRTUAL CFO services for the following reasons:

VIRTUAL CFO SERVICESs have the technical know-how

Good VIRTUAL CFO has an in-depth knowledge of business, its financial dynamics, and regulatory requirements across tax, commercial, banking, exchange regulations. A VIRTUAL CFO not only controls such aspects but also reports and deals with several compliances on a frequent basis.

Supports the business by mitigating various risks

A virtual CFO plays a crucial role in dealing with large and significant customer deals. Moreover, VIRTUAL CFO SERVICES assist corporations to structure and mitigate the risk of cash flow or creating commercial exigencies at a later date. They apply their financial and commercial judgment based on sound business practices and guides business owners with different means to manage customer expectations.

Furthermore, they properly vet the written business agreements and ensure that there's no risk on terms agreed on commercial and business malfunctioning.

Business Reporting

We are living in a technology savvy world where businesses are information-driven and professionals are IT-driven. Nowadays, VIRTUAL CFO SERVICES have in-depth knowledge of IT systems & information architecture to meet every growing requirement of data capturing & data mining. They manifest financials & non-financials KPI’s (Key Performance Indicators) as a part of monthly business closing to business owner apart from presenting regular financial matrix on profitability, balance sheet health and cash flow analytics.

Cost-effective

Outsourcing financial and accounting operations to service providers is a cost-effective option because you only pay for the services you have outsourced. In contrast to an in-house VIRTUAL CFO SERVICES, you have to pay him/her a monthly salary which is quite expensive. Therefore, outsourcing VIRTUAL CFO services would be cost-effective as well as a wise option for small business owners.

Apart from these, there are various other advantages that business can avail from outsourcing VIRTUAL CFO services. For more details, contact Enterslice. Our extremely talented and experienced team of experts will clear all your doubts and provide the best assistance ever. 

The author is an expert of VIRTUAL CFO, visit here for more interesting information 

What Everyone Must Know About Rental Agreement?-Enterslice

What is Rental Agreement all About?

A Rental agreement is an agreement which is executed between the owner of a property and a renter/ tenant who desires to have temporary possession of the property. The rental agreement can be defined as a legal document which lays out the prescribed terms and conditions under which the rented property is leased as per terms and conditions agreed between landlord and tenant.

Types of Rental Agreement

There are three types of Rental Agreement.

A) 11 month Lease Agreement - This type of rental agreement format expires after 11 months.

B) Commercial Rental Agreement - When the owner rents the property to the tenant for business purposes, then both of them need a Commercial agreement.

C) Long term rental agreement - Long term rental agreement is executed for a longer period.

Advantages of Rental Agreement

A rental agreement acts as an address proof also acts as a proof for bank loans. The rental agreement helps to minimize the conflicts between a tenant and the owner. Rental Agreement will save the tenant from paying you any damages at home. According to RTO Rules, a registered rental agreement is compulsory for registration of a new vehicle.

Rental Agreement Registration

A Rental agreement must be in form of a written document, printed on the correct stamp paper which is called rental agreement registration. Rental agreement registration is mandatory if the term of the agreement is more than 1 year. Where a rental agreement is made for more than 1 year and it is not registered, the same will be not be admitted in Court as evidence.

Conclusion

A rental agreement sets out the rules landlords and tenants agree to follow in their rental relationship. A rental agreement maintains a good relationship between landlords and tenants.  Enterslice provides the best service relating to the rental agreement. If you have any doubt about rental agreement, then contact Enterslice to get world's most satisfactory and affordable service.

What Everyone Must Know About Shareholders Agreement

Shareholders Agreement is an agreement amongst the shareholders or members of a company.

In this blog, we will discuss all aspects of  Shareholders agreement including its benefits.

Let's start the journey:

What is the meaning of Shareholders Agreement?

A shareholders agreement is a legal contract agreed by all the shareholders of a company. Shareholders Agreement refers to an optional document which creates a contractual obligation between shareholders of a company. A shareholder agreement is not filed with any governing body. Shareholders Agreement establishes the rights of the majority as well as minority shareholders of the Corporation. Where a corporation has a few shareholders, then shareholder agreement is beneficial to that corporation.

Benefits  of Shareholders Agreement

Shareholders Agreements are useful for companies with a relatively small number of shareholders. There are a number of benefits of a shareholders agreement. The benefits of a shareholders agreement include:

1)       Confidentiality - A Shareholders agreement need not be registered on the Companies Register, Unlike a company constitution which is viewable by the public. The shareholder agreement is only seen between the shareholders in the company.

2)       Pre-incorporation - Shareholders agreement can be entered into before the incorporation of a company. A shareholder agreement enables the shareholders to get a clear cut idea about what they are entering into and about the purpose of the company.

3)       Flexibility - The Shareholders agreement can be adjusted to suit the needs of a corporation. Shareholders agreement set out how the company is structured, the day to day operations of the company etc. The agreement can be as simple or as detailed as the shareholders want.

4)       Pre-Emptive Rights - Pre-emptive right is one of the benefits of a shareholder agreement. When a shareholder decides to sell his/her share then the remaining shareholders are entitled to the benefits of Pre-emptive rights.  WIth pre-emptive rights, the remaining shareholders are offered the shares to purchase before their offering to a third party.

5)       Resolution - In shareholder agreement, there is a provision to resolve any dispute and deadlock arises between shareholders.  A shareholder agreement can provide options of resolution for the shareholders where a deadlock exists on a major company decision.

6)       Protection - Shareholders agreement protects the investment of shareholders in a company. It also protects the position of minority shareholders by requiring unanimous approval for important company decisions.

7)       Regulation of appointment and raising of capital - Shareholders can regulate the appointment and removal of directors by allowing a shareholder or a group of shareholders to appoint one or more directors. Shareholders agreement also can regulate the raising of capital to avoid the dilution of shareholdings.

Conclusion:

A shareholders agreement is a mechanism which saves the company from losses also protect the interest of the companies. Enterslice provides world's best quality service in a matter of Shareholders agreement. If you have any doubt about Shareholders agreement, then kindly contact the expert team of Enterslice.