How this bootstrapped Startup catering the legal Compliance of other Start-ups
19th, October 2018 - Startup Event
Young talents of today’s generation have primarily moved towards being an entrepreneur and commencing their business ideas. People are exhausted by working under someone and want to create their entity to serve others. Afleo.com has opened the gates for such passionate people and given them the chance of entrepreneurship. Being a start-up, itself supports other startups in their business cycle by providing legal help.
About the Founder
Our Founder & CEO, Mr. Keval Shah, has an Engineering background with a significant passion for Entrepreneurship. He aims to carve the right path with lower hardships. He has taken alternative steps for a vigorously growing industrialization and motivated not only young entrepreneurs but also women.
How did it start?
Afleo was established when it’s Founder & CEO, Mr. Keval Shah, figured out that the entrepreneurs are meeting several obstacles in starting up their businesses. Entrepreneurs generate best business concepts but don't know how to execute it. Considerably because they have a thorough knowledge of their start-up's market, but lack the understanding about legal entities, and their applications. Companies who rendered company registration didn't have cost-friendly solutions. They required knowledge and proficiency because of which entrepreneurs are uncertain, to begin with them. They also have restricted range and thus present certifications at an extraordinary cost. Giving it a thought, Mr. Keval Shah determined to start an online business helping entrepreneurs to incorporate their corporations and also many more legal assistances. It is an affordable and online business has gained widespread reach too.
How does it work?
The initial thing entrepreneurs start up with is incorporating their company. Having a legal base is essential. The worst situation they might face is where exactly they shall register? Afleo.com is a legitimate solution for all the start-ups. It presents various legal services such as Company Registration, Trademark Registration, Annual Compliance of Companies, GST Consultation, Income Tax Returns, Intellectual Property Rights and various other services such as FSSAI Registration, GST Registration, MSME Registration, Digital Signature Certificate, and Import Export Code.
Once an entrepreneur successfully registers his company, what next? Here, they are guided by the experts available all the time to render services of CA and CS at affordable prices. Help entrepreneurs go through them very precisely and only then decide whether to opt for it or no. Afleo.com aim that doing business in India shall be simple.
Team Members & Target Audience
Afleo consists of professionals including Chartered Accountants, Company Secretaries, Cost Accountants, Lawyers, Chartered Engineers, Bankers and a fun-loving team of Digital Marketers too, all under one roof to achieve our Mission.
All of the upcoming entrepreneurs and startups in the market, striving to glide their business to the top.
Strategies and Challenges
We aim to give better services to the customers, adding game-changing services and taking brand promotion to the next level. We also focus on educating entrepreneurs regarding the legalities of the business.
The market has currently switched from traditional paperwork to digital medium. The biggest challenge Afleo currently facing is that the customers are unable to adapt to the thought of the sudden market change and has trust issues with the new change in the market.
Source of funding, client acquisition model and statistics
Instead of depending on crowdfunding, we had chosen to rely on a simple method of Bootstrap funding (self-funding). We have helped 50+ companies across India to incorporate their own business including Private Limited Company and Limited Liability Partnership. We retain 60-70% clients and are serving them for their CA and CS requirements.
Entrepreneurs and start-ups face a lot of dilemmas legally. Afleo intends to contribute to the best customer service and hold their hands throughout the business cycle. Their projected plan is to increase the number and render services which will help the common man too. They are majorly administering their business through digital platforms and concentrating on the faster-growing use of technology in this field. Also, expecting an enlargement of their business in distinct cosmopolitan cities and eventually make the business global by gaining international clientele. As people dream for their business start-ups, Afleo aspires to support their dreams turn into reality.
We advise our clients to be optimistic and never give up on their failures, and always keep on trying to be on the top of the market.
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