STPI or Software Technology Parks of India is an independent and autonomous body established to encourage software production within the country and promote the export of such software. The main advantage of registering your business under STPI is getting increased exemptions.
FSSAI licenses are of the following three types.
FSSAI Basic Registration: For small businesses or startups with an annual turnover under ₹12 Lakhs.
FSSAI State License: For mid-sized companies with an annual turnover that falls anywhere between ₹12 Lakhs and ₹20 Crores.
FSSAI Central License: For large businesses with an annual turnover of over ₹20 Crores.
A Central Food License is also required by food business operators (FBO) such as the 100% export oriented units, importers, large manufacturers, operators in the Central Government agencies, seaports, airports etc.
Moreover, it is mandatory for FBOs to obtain the Central License for their head office and operate in more than one state.
A business valuation is required when requested by the IRS or a court as part of a formal review, or when it comes to a merger or acquisition. Usually, third parties may want to see the details of how the value of your business was determined. For buy/sell agreements, each party comes with their valuation expert, who does their valuation.
Besides, business valuation plays an important role in estate planning, where it helps determine the share of the business to be left to heirs and the value of each share.
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