Podcast
Questions and Answers
What is a key outcome of the Start-up Support Executive course?
What is a key outcome of the Start-up Support Executive course?
- Describing ideas and the legality of Start-up solutions (correct)
- Mastering graphic design
- Understanding advanced programming languages
- Learning foreign languages
A Limited Liability Partnership must have at least two partners.
A Limited Liability Partnership must have at least two partners.
True (A)
What document outlines the roles and responsibilities of partners in a partnership?
What document outlines the roles and responsibilities of partners in a partnership?
Partnership deed
The _____ is required to register a Limited Liability Partnership.
The _____ is required to register a Limited Liability Partnership.
Match the following terms with their descriptions:
Match the following terms with their descriptions:
Which document is necessary for starting a corporation?
Which document is necessary for starting a corporation?
The Memorandum of Association outlines the structure and purpose of a company.
The Memorandum of Association outlines the structure and purpose of a company.
What is the primary focus of Unit II in the Start-up Support Executive course?
What is the primary focus of Unit II in the Start-up Support Executive course?
Flashcards
Unique Selling Proposition (USP)
Unique Selling Proposition (USP)
A unique proposition that highlights what makes your start-up stand out from competitors, addressing customer needs and differentiating itself in the market.
SWOT Analysis
SWOT Analysis
A detailed analysis that examines a company's internal strengths and weaknesses, external opportunities, and threats to identify competitive advantages and potential issues.
Partnership Deed
Partnership Deed
A legal document outlining the terms of agreement between partners in a business. It includes details like profit sharing, responsibilities, and dispute resolution.
Limited Liability Partnership (LLP)
Limited Liability Partnership (LLP)
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Memorandum of Association (MoA)
Memorandum of Association (MoA)
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Articles of Association (AoA)
Articles of Association (AoA)
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Director Identification Number (DIN)
Director Identification Number (DIN)
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Permanent Account Number (PAN)
Permanent Account Number (PAN)
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Study Notes
Start-up Support Executive Course
- SEC Code: MEP/Q1203
- Learning Outcomes: Students should learn about start-up solutions and their legal aspects, partnership registrations and statutory compliance, and practical company filing procedures.
Unit 1: Start-up Formation
- Competencies: Identifying roles, organizational structures, hierarchies, and reporting relationships in start-ups.
- Practical Application: Developing a unique selling proposition (USP), creating organizational bylaws, assessing financial situations for proposed start-ups, and creating related budgets.
Unit 2: Start-up Analysis
- Analysis: Conducting SWOT analysis of start-ups and establishing unique selling propositions.
- Market Overview: Assessing the overall market for the start-up.
- Practical Application: Creating partnership deeds, demonstrating partnership registration procedures, and creating necessary documents for limited liability partnerships.
Unit 3: Corporate Structure
- Documents: Identifying legal documents required for starting a start-up, including company structures and legal frameworks.
- Practical Application: Preparing the memorandum of association and articles of association.
- Registrations: Understanding and applying relevant state and national laws for registration.
Unit 4: Limited Liability Partnerships
- Law: Learning about the Limited Liability Partnership Act of 2008.
- Registration: Discussing name approvals and partner identification numbers through the Registrar of Company.
- Registration: Demonstrating the process of registering for a director identification number.
- Practical Application: Demonstrating registration on the Ministry of Corporate Affairs portal, including one-person companies (form INC-3).
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Description
This course covers essential aspects of start-up formation, including legal compliance, partnership registrations, and market analysis. Students will gain practical skills in creating business documents and conducting analyses to ensure a successful start-up. Develop insights into organizational structures and create a unique selling proposition to stand out in the market.
