The Start Up Puzzle

• Structure

• Legal

• Compliances

• Growth

• Valuation

• Taxation

The Right Structure

• The Idea (and its ownership)

• The Founders (watertight understanding helps)

• The Capital (pocket change, anyone?)

• The Technology (more machines, less people?)

• The Scale (ruler has 12 inches)

• The Regulatory Environment (the suits)

The Equation

Structure

=

f(investment goals)

The Lawful Path(know ye all (wo)men)

• Applicable Laws

• Cost of Compliance

• Consequential Risks

The Tipping Point

The Growth Paradigm

Valuations

• Investors seek….

• Tying them in….

• Valuation = f(x,y)

Taxation

• Income tax

• Service Tax

• VAT

• TDS

• WCT

• GST

Death Taxes

YOU!

Till Death Do Us Part

The Missing Parts

• Crowd Funding

• JOBs Act

• Number of Shareholders

• Non Voting Shares

• Taxation of Share Premiums

• Transfer Pricing

Goal Seek

• Flexible Structure

• Relocate Overseas

• Widen investor base

• Global Capital, Local Ops, Global Reach

• IP protection