1) Google "Register Company Mumbai". Very useful websites http://www.doingbusiness.org/exploreTopics/StartingBusiness/Details.aspx?economyid=89#5.
http://www.registrationconsultant.com/index.asp.
http://business.gov.in/starting_business/registration_business.php
2) These days all registration and filing is done online on government website http://www.mca.gov.in/
3) Getting exim (export import license)
this guy provides service for getting exim license http://trade.indiamart.com/details.mp?offer=1611302
4) Search for 'CA in Nagpur' for more help on auditing, accounting and taxing issues.
5) ICICI and SBI provides excellant merchant banking solution for accepting payment ore recievables in foreign currency.
Monday, January 4, 2010
Friday, October 16, 2009
Phone and Fax Service
1) Best and Cheap Voip service is www.viatalk.com. Costs close to 22 dollars a month for unlimited us calling and 1200 minute international calling
2) For faxing best is smartfax.com around 7 dollars a month. I havent found anything better than this offer.
2) For faxing best is smartfax.com around 7 dollars a month. I havent found anything better than this offer.
Available Domains
1) For managing company www.IndusInvestments.net
2) For Hedge Fund www.IndusHedgeFund.com
2) For Hedge Fund www.IndusHedgeFund.com
Incorporation Services
Below are low cost best services for starting companies.
1) IncFile.com
2) SmallBiz.com
1) IncFile.com
2) SmallBiz.com
Bank and Brokerage accounts
Below is best outcome of extensive research on accounts
Banks:
1) Chase Bank business checking
2) HSBC Direct checking account
Brokerage:
1) Interactive Brokers for small business
Banks:
1) Chase Bank business checking
2) HSBC Direct checking account
Brokerage:
1) Interactive Brokers for small business
Thursday, October 15, 2009
Taxation for hedge fund
How long term capital gains and short term capital gains are passed to members from LLC/LLP??? Very important question from tax saving point of view.
LLCs or LLPs are not taxed as separate entities. profits are passed on to members. So basically in our ideal hedge fund structure. Following will be flow of profits.
Hedge Fund LLP -> Managing LLC -> Owners/managers of structures
At the end of year LLC (or LLP) files form 1065 where they report their profits or losses. Normal operational income is filed separately from dividend or long term capital gains income on this form. Long capital gains/Dividends filed on separate schedule D form. Also LLC sends form K-1 to each member prorated based on their share of ownership. This K-1 form has normal income and capital gain income separately mentioned. Accordingly member files his personal return using this form. For normal income tax rate upto 35% and for long cap gain tax rate is upto 15%.
LLC's day-to-day expenses can be deducted from short trade gains or other operating profits (consultancy etc.)...Income from this will be considered as normal operating income based. This will get added to member's income from other sources and will decide his tax bracket (0% to 35%). Other profits from dividends or long gains will be treated based on long term tax rate and wont affect members tax bracket.
Taking advantage of long term tax benefit is very very crucial point. All long term investor use 'tax benefit' as their strongest weapon against hedge funds. All Warrent Buffet/Graham theories are majorly based on this factor. Frequent fast trades may not be as profitable as long term gains because of tax differences, trading cost and resource requirements.
Well in my opinion, both can be profitable if used on different instruments with different strategies and at different times outcomes are different. Dont want to discuss strategies here.
LLCs or LLPs are not taxed as separate entities. profits are passed on to members. So basically in our ideal hedge fund structure. Following will be flow of profits.
Hedge Fund LLP -> Managing LLC -> Owners/managers of structures
At the end of year LLC (or LLP) files form 1065 where they report their profits or losses. Normal operational income is filed separately from dividend or long term capital gains income on this form. Long capital gains/Dividends filed on separate schedule D form. Also LLC sends form K-1 to each member prorated based on their share of ownership. This K-1 form has normal income and capital gain income separately mentioned. Accordingly member files his personal return using this form. For normal income tax rate upto 35% and for long cap gain tax rate is upto 15%.
LLC's day-to-day expenses can be deducted from short trade gains or other operating profits (consultancy etc.)...Income from this will be considered as normal operating income based. This will get added to member's income from other sources and will decide his tax bracket (0% to 35%). Other profits from dividends or long gains will be treated based on long term tax rate and wont affect members tax bracket.
Taking advantage of long term tax benefit is very very crucial point. All long term investor use 'tax benefit' as their strongest weapon against hedge funds. All Warrent Buffet/Graham theories are majorly based on this factor. Frequent fast trades may not be as profitable as long term gains because of tax differences, trading cost and resource requirements.
Well in my opinion, both can be profitable if used on different instruments with different strategies and at different times outcomes are different. Dont want to discuss strategies here.
Saturday, October 10, 2009
Hedge fund haven states
Some useful links
1) http://www.hedgefundlawblog.com/new-jersey-hedge-fund-law-%E2%80%93-investment-advisor-registration-exemption.html
2) http://www.stateregulations.us/
Choosing New Jersey based on following two rationals
1) Easier tax filings if residency and business state are same
2) No state requirements for new jersey towards registering as investment advisors. Many other states requires it.
1) http://www.hedgefundlawblog.com/new-jersey-hedge-fund-law-%E2%80%93-investment-advisor-registration-exemption.html
2) http://www.stateregulations.us/
Choosing New Jersey based on following two rationals
1) Easier tax filings if residency and business state are same
2) No state requirements for new jersey towards registering as investment advisors. Many other states requires it.
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