Running an information technology company is somewhat risky for newbies or someone who hasn’t been involved in managerial roles previously. Running a company requires specific skills and a lot of hard work. If you are aware of the risks, then starting a company is a great idea. Most IT entrepreneurs realize their mistakes too late. There is some degree of management skill needed to run a company as you may not or could not hire a manager to smooth out things. Because most IT companies fail (like most of the other startups), you might be wary about the idea of starting your own IT company.
However, with the right information and preparation, you can ensure your success in this business. And the good news is you found our firm because with our support and guidance, you can not only register your company smoothly but also get all other tools to ensure the successful operation of your business. We helped over a hundred IT companies to get registered and run their business. So, we know all the legal issues of Information Technology companies and can pass that knowledge to new clients.
A Single Member Company is set up as a separate business entity from its owner and only has one shareholder. The single member serves as a director and has complete control over the company and its assets. The single member company concept came into existence in 2010. It is a private limited company but the difference is that only one member is required to incorporate the company. The SMC can not sell or trade the stakes with the public in the stock market.
A private limited company is the ideal business structure for Small-Medium Enterprises that need to raise capital on a small to medium scale. A private limited company is a separate legal entity from its shareholders. Shareholders elect a board that, along with the company’s CEO, takes the operational decisions. A company may also require a company secretary, legal advisor and auditor depending on its size.
Govt. of Pakistan promotes software companies for mandatory registration with the Pakistan Software Export Board (PSEB) to monitor IT remittances from abroad. This confirms that IT companies provide the best quality services as per international standards implemented through PSEB. IT companies in Pakistan are producing IT software, games and developing applications for smartphones. PSEB’s role is to promote the Pakistan IT industry in local and international markets in human capital development, research and development, strategy building, innovation and BoP services such as telemarketing, medical transcription, and technology enhancement.
We provide services to the technology companies with regard to their tax and financial statement filing. You don’t need to hire multiple legal service providers, rather we provide all services under one roof. Our team is very experienced with Federal Board of Revenue Pakistan (FBR), Securities and Exchange Commission of Pakistan (SECP) related matters and we have helped our clients streamline their businesses so they can focus on things that really matter.
We believe professional advice should be accessible and affordable for everyone. Our team consists of experienced Tax and Management Professionals with more than 15 years of experience dealing with all kinds of enterprises and government authorities including SECP and FBR. If you are a business owner or an employed individual, We can help you plan your taxes BETTER. Filing your Tax Returns with inexperienced consultants can end up costing much more in the long term.