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[taxgoal]

Do You Really Need a Lawyer for Partnership Firm Registration in Delhi?

Setting up a partnership firm in Delhi can be an exciting venture, promising both growth and collaboration. However, the registration process can seem daunting, leading many aspiring entrepreneurs to wonder: "Do I really need a lawyer for partnership firm registration?" This article explores the ins and outs of partnership firm registration in Delhi, highlighting the complexities of the process, common legal challenges, and the potential advantages of hiring legal assistance.

Understanding the Partnership Firm Registration Process in Delhi

Registering a partnership firm in Delhi involves several steps governed by the Indian Partnership Act, 1932. Here’s a breakdown of the registration process:

Choosing a Firm Name:

The name should reflect the nature of the business.

Ensure it’s not similar to any existing registered firms.

Drafting the Partnership Deed:

A legal document outlining the terms and conditions of the partnership.

It should include details such as the partners' names, business objectives, profit-sharing ratio, and dispute resolution mechanisms.

Gathering Necessary Documents:

Identity and address proofs of all partners.

PAN card and Aadhaar details of the partners.

Address proof of the business premises.

Registering the Partnership Deed:

Submit the partnership deed along with the required documents to the local registrar.

Pay the prescribed registration fee.

Obtaining Certificate of Registration:

Once processed, a Certificate of Registration is issued, confirming the firm’s legal status.

Understanding these steps is crucial to ensure compliance with local laws and regulations, setting the stage for a successful business operation.

Common Legal Challenges in Partnership Firm Formation

Establishing a partnership firm is not without its hurdles. Common legal challenges include:

Disputes Among Partners:

Conflicts over profit-sharing, roles, and responsibilities can lead to legal disputes.

Non-Compliance with Regulations:

Failing to adhere to local business regulations can result in penalties or registration cancellation.

Drafting Ambiguous Partnership Deeds:

A poorly drafted deed can lead to misunderstandings and legal complications.

Taxation Issues:

Understanding the tax implications and responsibilities of a partnership firm can be complex.

These challenges highlight the need for thorough preparation and legal understanding when establishing a partnership firm.

When Should You Consider Hiring a Lawyer for Registration?

While it’s possible to navigate the registration process independently, certain situations warrant professional legal assistance:

Lack of Legal Knowledge:

If you’re unfamiliar with the legal jargon or the registration process, a lawyer can provide clarity.

Complex Partnership Structures:

If your partnership involves multiple partners or varying investment levels, a lawyer can help structure the agreement effectively.

Dispute Resolution Needs:

If you anticipate potential conflicts, a lawyer can draft comprehensive terms to mitigate future disputes.

Compliance Concerns:

For firms engaging in regulated industries, a lawyer can ensure compliance with specific laws and regulations.

DIY vs. Legal Assistance: Weighing the Pros and Cons

When deciding between handling the registration process yourself or hiring a lawyer, consider the following pros and cons:

DIY Registration

Pros:

Cost Savings: Avoiding legal fees can save money.

Full Control: You manage every aspect of the registration process.

Cons:

Time-Consuming: Navigating legalities and paperwork can be time-intensive.

Risk of Errors: Mistakes in the registration process can lead to delays or rejections.

Limited Legal Protection: Without a legal professional, you may miss out on important protections and advice.

Legal Assistance

Pros:

Expertise: Lawyers bring valuable experience and knowledge to the registration process.

Efficiency: A lawyer can streamline the process, saving you time and reducing stress.

Legal Safety: Hiring a lawyer provides legal protection against potential pitfalls.

Cons:

Costs: Legal fees can add to your startup expenses.

Dependence: You may rely too heavily on a lawyer for guidance.

Documents and Legal Formalities: Can You Handle Them Without a Lawyer?

Managing the documentation required for partnership firm registration is a crucial task. Here’s what you need to consider:

Essential Documents:

Identify and collect all necessary documents for registration.

Ensure that they meet the requirements specified by the registrar.

Understanding Legal Terminology:

Familiarize yourself with legal jargon and terms that are critical for drafting the partnership deed.

Filing Procedures:

Understand the filing procedures, including submission deadlines and required fees.

Dealing with Rejections:

Be prepared to address any issues or rejections from the registrar.

Handling these aspects without legal assistance is feasible, but it requires careful attention to detail and a good understanding of the legal requirements.

How a Lawyer Can Simplify the Registration Process

Engaging a lawyer for partnership firm registration can simplify the process significantly. Here’s how:

Tailored Advice:

Lawyers provide personalized advice based on your specific business needs.

Efficient Document Preparation:

They ensure all documents are accurately prepared, minimizing the risk of errors.

Navigating Legal Complexities:

Lawyers can easily navigate complex regulations and requirements, saving you time and hassle.

Post-Registration Support:

Many lawyers offer ongoing support for compliance, taxation, and legal advice post-registration.

Final Verdict: Is a Lawyer Essential for Partnership Firm Registration in Delhi?

The necessity of hiring a lawyer for partnership firm registration in Delhi largely depends on your unique circumstances. If you have a solid understanding of the legal process, feel confident in handling documentation, and foresee minimal complications, you may manage without one. However, for those unfamiliar with legal intricacies or facing potential challenges, hiring a lawyer can provide invaluable peace of mind and support.

Choosing Taxgoal for the Right Partnership Firm Registration in Delhi

If you decide that legal assistance is beneficial for your partnership firm registration Delhi, Taxgoal offers expert legal services tailored to entrepreneurs in Delhi. Here’s why you should consider them:

Experienced Professionals: A team of qualified professionals with extensive experience in partnership registration.

Comprehensive Services: From document preparation to post-registration compliance support.

Customer-Centric Approach: Dedicated to providing personalized support and guidance throughout the registration process.

Conclusion

The decision to hire a lawyer for partnership firm registration in Delhi is a pivotal one. While it’s possible to navigate the process independently, understanding your limitations and the complexities involved can help you make an informed choice. Whether you choose to go solo or seek professional assistance, thorough preparation and knowledge of the process are crucial for a successful partnership firm launch.

Final Words

In the dynamic business landscape of Delhi, partnership firms have the potential to thrive and grow. By carefully weighing your options and understanding the registration process, you can set a strong foundation for your business. Whether you opt for DIY registration or enlist the help of legal professionals like Taxgoal, ensuring that you have the right support and guidance is key to your success.

[davinder-kaur-blog]

Jeetech Startups is a group of professionals with an aim to provide the best business planning and consultation for startups who want to start their work online. We will help you to grow your new business and providing smart management consulting to build companies. Contact us for expert advice for any business and startup.

[inventivaindia]

Points to remember before investing in cryptocurrency

There are many calculated risks, when comes to investing in cryptocurrencies from anywhere in this world. The cryptocurrency industry is limited and there is more speculation that it will be the globally accepted future money. The words Satoshis and Bitcoin are now popular due to its decentralized digital currency system. Once you read and understand or look for cryptocurrency videos online, later you will be familiar with blockchains and mining. We hope the reader of this article has some knowledge about digital currencies. It is advisable to remember few points while taking your stern decision to invest in cryptocurrencies.

1. Trusted Cryptocurrency Stocks to Buy

Anyone can buy cryptocurrency through brokers only. There are limited brokers, who mine cryptocurrency and sell them with a margin. There are few cryptocurrencies only, and many are trying their best to mine them before it becomes zero. However, mining is a huge investment and to become successful is a rare chance. Therefore, it is advisable to buy from trusted brokers only. Otherwise, you will end-up with scam websites in the name of cryptocurrency.

2. Fake Cryptocurrency Exchange Site

When comes to online money, there are many hackers and online thief to follow your cryptocurrency and go way without any trace. However, the Bitcoin ensures the safety of your wallet with secret code and there is very little chance to hack you detail unless you give your details online or through other mediums. There are many fake websites in the name of cryptocurrency and vanish away by pooling a million dollars in one day and cheat people in the name of investing in cryptocurrency. However, you must check the credibility of such sites before you wish to invest in cryptocurrency through online channels.

3. The Best Cryptocurrency to Invest in 2018

In the past 8-years, people across this globe have much contributed to cryptocurrency. Today, there are many players in the online platform with different names in the digital currency. They have separate rates and legality to use in the various region of this globe. It is advisable to buy those cryptocurrencies to invest in 2018 with most trusted digital currency. You must read their chart and make a better analysis to know its demand and supply level in the present time to invest and ripe wisely in the near future. The best cryptocurrency to invest in now is Bitcoin. When they are not legal in your country, you have to choose some other cryptocurrencies, which is legal in your country as virtual currency. Investing in blockchain startups is now a trend as they are willing to mine and make a profit is a short time. The investment options are many in this world. It is advisable to see that those are legal in your country when you wish to own virtual currencies. However, there is much speculation about the cryptocurrency as this will be the future money. Read the full article

[digitallaala]

Snapchat is a popular messaging app that lets users exchange pictures and videos (called snaps) that are meant to disappear after they're viewed. It's advertised as a "new type of camera" because the essential function is to take a picture or video, add filters, lenses or other effects and share them with friends. . . . Advantages of Snapchat Marketing 1. Direct connection with consumers. You can create engaging stories to share with your audience and tailor them to deliver a more casual message than you would on other platforms like Facebook or LinkedIn. Then, customers can interact with you on a real-time, personal level, creating a unique experience and ROI when compared to other social media platforms. 2. A new way to run contests/giveaways. Contests and giveaways have long been a way to leverage social media platforms to get new customers and build email lists. Creating a personal way to interact with these contests makes it that much easier to raise engagement. 3. Low involvement from other businesses. It’s no question that, a lot of people are on Snapchat. In fact, according to Business Insider, 158 million people use the app every day. However, use at the business level is still developing. This means you can take chances without worrying (too much) about competition with other businesses. . . . Tag or use our hastag #digitallaala . . . . . Like | Comment | Share | Follow . . . . . . . . . . #digitalmarketing #digitalmarketingagency #digitalmarketing2020 #digitalmarketingtips2020 #digitalmarketingindia #digitalmarketinginindia #digitalmarketingdelhi #digitalmarketingindelhincr #digitalmarketingindelhi #digitalmarketingdubai #digitalmarketingindubai #digitalmarketer #snapchat👻 #snapchatmarketing #snapchatformarketing #snapchathacks #snapchattips #likeforlikes #like4likes #followforfollowback #follow4followback #instadaily #facts #startups #startupsinindia #startupsindelhi @digitalpratik @askaviarya @soravjain (at New Delhi - The Capital Of India) https://www.instagram.com/p/CBBARs-HDQx/?igshid=yuy9a0n2d87f

[inventivaindia]

Society for Space Education, Research and Development

The team comprises of Mr Sujay Sreedhar, the founder and Chairman, Ms. Nikhitha C, the CEO, Mr. Abhishek the COO and over hundreds of volunteers from various parts of the country. The volunteers are minds with genuine interest in Space Studies. They join the team from various parts of the Nation.

It has done numerous workshops and camps till date. The team shows up at every clan that possess love for the Space. The camps conducted at RGUKT, Telangana, Alliance University, Oakridge International School and also at Azim Premji University are commendable ones which stand as a milestone for the organization. • Making Space Science a part of the school curriculum. The Nation lies in the hands of the children. They are the citizens of tomorrow. To start from the grass roots is the best method and SSERD has recognized it. The vision and mission of SSERD is to create a space for all the Space lovers out there. Interests are to be nurtured and that’s what is done at SSERD. www.facebook.com/sserd.org Email – info.sserd@gmail.com Read the full article

[inventivaindia]

Caring Hands for Elderly staying alone in Mumbai

In today's dynamic world we all are working with fast pace and has become a part of globalization. Looking at the aspect of growth and development, lot of people has moved out to different parts of the world to strive hard for success. Why not? We all should try to grasp most of the opportunities to prepare for better future for our self and our families. However for our families both present and future should be safe and secure. But the concern is how can we take care of our families especially old parents when we have to move out of country for our job or higher education by leaving our parents in India . By doing so, we have a big worry that who will take care of their emotional and well as medical management requirements. Parents go through the struggle and bear the pain of staying alone for the growth and prosperity of their children and family members. So there is a stoppage to think that how are we meeting their safety and emotional requirements. Crafted with care and such thoughtful reason, here is an amazing solution to all such emotional and security problems Aaji Care Home Health Services Pvt. Ltd have come up with the idea of providing such services by managing care connect programmes to help seniors staying alone. The company work as a Savior to safeguard the old age with Emergency help, companionship and help when they require. It’s a company with the team of professionals and it has a tie up with IIT Mumbai to design and provide all quick and hi-tech emergency watch with SOS button to senior class staying alone in the areas of Mumbai. It’s easy to use and an approachable service. In case of emergency seniors just need to press button on watch and within a short while the team will deliver the required help to them in 15-20 minutes. With a list of all required services such as doctors, hospital, event visits and most important companionship with a special care. The company has just started their services in Mumbai , Thane and Navimumbai and currently managing good clientele with a satisfactory services. The focus of providing human care services specially to the seniors staying alone is itself a unique as well as a customized service provider. The amazing result record and an increasing clientele have shown a remarkable success rates of Aaji care health services private ltd . In the business world most of the business company focus on making profit numbers by selling products and services and on the name of the contribution to the society they just do some CSR Activity. But unlike this, Aaji Care Home Health Services Pvt. Ltd makes real contribution to the society by thinking and developing services for the senior class of our society. The services are quick, easy to approach as well as customized as per the individual human requirement especially at the time of emotional requirement where these people faces the issues of anxiety and stress along with loneliness. Read the full article

[inventivaindia]

Size does not matter when it comes to entertainment

Pankaj Dubey’s Directorial Debut “Maratha Mandir Cinema”, a short film has been nominated for Jio Filmfare Short Film Awards 2018. This was Produced by Sarika Here, Written by Shradha Singh and starring Sarika Here, Swanand Kirkire, Tanvi Sangvai and Rajiv K Panday., Please watch this short film here and vote for People Choice Award. Would be a great support., https://www.filmfare.com/awards/short-films-2018/finalists/maratha-mandir-cinema/3187 About the Director - man of many talents Pankaj Dubey is an Indian Author, screenwriter, Director and Producer from Mumbai. He has a Bachelor of Laws degree from Delhi University and a Masters in Applied Communications from Coventry School of Art and Design., Dubey worked for the BBC World Service in London and TV Today Group in New Delhi. He has curated and programmed more than 50 film festivals across India., He was awarded with the Youth Icon Award for Social Entrepreneurship in Gulbarga, Karnataka in 2010 for initiating India’s first street film festival for children in slums and villages, the Sadak Chhaap Film Festival., Dubey's debut novel is called What A Loser! in English and Loser kahin ka! in Hindi. He is directing a feature film, What A Loser!, adapted from his novel., Pankaj Dubey is a Bi-lingual author and writes all his titles in English and Hindi languages. His second set of novel is Ishqiyapa -To Hell With Love and Ishqiyapa, both published by Penguin Books India. Pankaj Dubey was selected amongst three Asian Authors for the prestigious Writer's Residency in Seoul Art Space_Yeonhui, Seoul, South Korea., Pankaj Dubey debuted as a novelist with What A Loser! in English and Loser kahin ka! in Hindi in 2014. Both titles were National Bestsellers as per Neilsen’s Bestseller List declared on 14 February 2014 and 7 March 20. His second novel Ishqiyapa: To Hell with Love was published by penguin books india. on 17 September 2015. Dubey Produced Geelee. The film was Directed by Bikas Ranjan Mishra. He worked as Script and Continuity Supervisor for Disney UTV’s 2013 Ghanchakkar, Directed by Raj Kumar Gupta. He worked as Script Supervisor in Chauranga Directed by Bikas Ranjan Mishra., Dubey produced Naach Ganesh, Directed by Bikas Ranjan Mishra, again under Sadak Chhaap Films. The film premiered at Busan International Film Festival, South Korea, in 2011. Read the full article

[inventivaindia]

Best B2B Enterprise Telecom consultants in Delhi/India

India has world’s second largest telecommunication network with approximately 1.206 billion subscribers. Major sectors of Indian Telecommunication are telephony, Internet, and television broadcast industry. Indian Telecom has undergone a great development at high pace and now it’s one of the most competitive telecommunication industries of the world. Telecom Supermarket India is India’s first Comparison platform that allows buyer to compare various Telecom services available to him and ultimately chose the best one. This platform works in real time and believes in no delay. Their target is that their clients should get best service at best price at the right time. They help in saving time and money. They enable the users to search any service, compare it with any other service and buy the service customer like. Their comparison is completely unbiased and transparent. They are the best business to business and enterprise telecoms consultants in Delhi and NCR. They work with a wide range of trusted telecom service providers giving customers the very big number of options to chose from. Any business can avail their consultancy around setting up a new office, security, getting online and being a part of Digital India initiative. They offer services around Leased line, EPABX phone system, Cloud/Hosted PBX, E1 or PRI lines, Call centre solutions including hosted solution, predictive dialler, Cloud services like Hosted business applications, CRM, etc. They have a whole suite of services for any business size and niche. Telecomssupermarket.in also deals in mobile phones etc through the channel of their trusted partners. Companies they work with are completely trusted. There are some companies which work exclusively with them and would not be found anywhere else. They work for both household users and business users. They provide complete communication and connectivity advice to their clientele. Since, the truth is that telecommunication services have become an essential part of our lives now. Many will agree that they will not be able to sustain without these facilities. This makes opting for right telecommunication company very important from every aspect. Many big companies would agree that they will not be able to achieve their goals without the telecommunication services. Telecomssupermarket.in and their whole team make sure that all their users get the best value for their money. Surfing and using http://www.telecomssupermarket.in/ is absolutely free of cost for the customers. They use unbiased methods to compare all the plans and schemes giving out the completely honest results. PBX services make life very easier. They help in transferring calls between colleagues and phones. It will help you to receive multiple calls at the same time. Telecom Supermarket India aims to provide best in all terms phone system for the use of home or for business use. They work with international prominent PBX brands like Panasonic, Cisco, Avaya. They also work with some local brands which are not international. The PBX service providing system are installed by accredited engineers who are professionals. Users will also have the option to chose for an annual maintenance package. Telecom Supermarket India has been in business for over 5 decades and they have a very vast experience. They make sure that with them, user is not in good hands but user is in the best hands. Read the full article

[inventivaindia]

Narendra Meher – The man who bred successes through strong will!

Narendra Meher, the Director of Indmark Formtech Pvt. Ltd. today shines like an icon in the Indian Inc. He showcased entrepreneurial skills of worth and has achieved successes through hard work and dedication. The budding businessmen look up to him for inspiration when they learn about his progress graph and how he defeated the challenges that confronted him throughout. With B.Com degree and an ITI diploma in Automotives, he began his journey early in 1989 providing marketing services! He ventured into light engineering works by employing his academic knowledge and started manufacturing electrical Enclosures like Junction Boxes and other enclosures, Lead Raval Plugs & Trefoil clamps etc. His ventures - Despite facing stiff competition in market, Narendra Meher remained buoyant through quality production and reasonable prices for his clients. In 1989 he started with name Elecap where he indigenize and supplied special purpose cables and in 1992 he established brand INDMARK Associate which is now known as Indmark Formtech Pvt.Ltd with the objective of broader production portfolio that included cable trays, ladder cable trays, cable ducts and trunking systems, coupler plates, strut fittings, earthing products and Solar Structure among others. In 2005, he established manufacturing unit in MIDC, Bhosari and in 2010, he set up a hot galvanizing plant at Chakan, Pune. In 2016, Indmark Paperform was established that manufactured square fiber drum products.

About Narendra - Narendra Meher was always inspired by the idea of more and better innovation! This is the reason that his enterprising abilities continued to expand. In the last few years, IFPL started manufacturing refined products of high precision while at the same time maintaining quality & services at its best. Due to his concerted efforts, IFPL found global recognitions that made the company a leader in its niche. IFPL now carries ISO 9001:2008 quality certification and it is also certified by Dun & Bradstreet Global Database that is a prestigious tag! Narendra is therefore known for value driven enterprising which is a difficult and challenging proposition in current competitive market. His company is now held on par with the global counterparts in terms of quality, precision and consistency. No wonder, he found appeal in some of the leading clients of Indian and world economy. IFPL today supplies to banners like NPCIL, NTPC ,BHEL,HPCL L&T, Siemens, Mumbai Monorail and many more! Under the mentoring of Narendra Meher, IFPL has been progressing at a swift pace. He has been much inspired by the idea of optimal production and quality. Therefore he was always instrumental towards modernization of his enterprise so that frontline standards are maintained. On social front he runs Morya Para Medical Institute and helps the downtrodden through it. Read the full article

[inventivaindia]

LET'S TAKE IT BACK TO THE BASICS

It is no surprise that the world’s leading companies like Google, Facebook, Adobe and many such more have only one differentiating factor that sets them apart and perhaps on the receiving end of longing looks of millions of people who dream to be a part of them someday or the grudging admiration from their competitors - their employees- hundreds and thousands of them working together to make things move and in the process creating for themselves a better life. So what is it that these companies are doing right? What is it that they seem to have figured out that the others can’t? I can only guess since I haven’t had the good fortune of being associated with any of them. But what I think they might have really gotten right is the basic human traits and needs - the need to feel acknowledged, to feel special, to be appreciated and to be able to make a difference. I distinctively remember my early days as a child when I would work so hard on a painting to impress my parents, not that I particularly liked painting at that time. After putting in hours altogether on that piece of paper, I would run down to them with eyes full of hope wanting nothing more than a nod of approval. And they never disappointed. They would praise me for my effort which only made me work harder for my next one. Maybe it was because, as a child, what was driving me was being able to see my parents awed or possibly it was because in my little world, drawing something better than my peers made me believe I was making a difference in my own way.

So it’s actually quite simple. Our reasons for wanting to be better might stem out from different experiences and needs but at the end of it, we all want to be better, for ourselves and for those whose opinions matter to us. However the question now is, what exactly can be done to accommodate such needs and whose job is it? And what has employee engagement got to do with any of this? I’ll come to these questions in a while but before we go any further than that, I would like to elaborate more on the subject of engagement and what, in my opinion, does it mean? While most companies spend millions of dollars doing surveys all across to grasp the extent of how satisfied their employees are, does employee satisfaction really amount to employee engagement. I maybe very well satisfied with my place of work because of the long vacations I get to avail, or maybe because my boss is a man/woman of pleasant demeanor, or maybe it could be simply because I have amazing colleagues. And while all of that is great to have, does it motivate me to go out and beyond what has been expected of me? Does it make me want to do something within the scope of my position that would bring greater good to my career and consequently to the organisation?

Employee engagement in my opinion is therefore more or less equivalent to employee experience that encompasses many factors - from feeding employees need to grow by paving a clear career path to making them feel as if they belong to something bigger; from supporting them in their innovative endeavours to giving them a chance to rectify their mistakes. The basic principal of reciprocity comes into play. Employees stick around when they see that they are been taken care of. Maybe it’s an idealistic picture that I’m painting here, but it’s a human tendency to return generosity with the same amount of sincerity, if not more. In my modest seven years of education, what I have garnered is that to be able to do something greater and extraordinary, we want to be inspired. Isn’t that what we all want? We sit and wait. Wait to be inspired. Life at work should mean something more than completing 10 work hours or fulfilling the premeditated goals. It should be more than just waiting for the day to get over or month to end to clasp a handsome amount of salary. For most part it, it's easy to let the mundanity surface and rest as it quietly weaves its way around our lives. It’s easy and it convenient to do so as long as the money keeps coming in and the comfort of normalcy isn’t disturbed, but for how long?

The fierce need to prove our worth always stays with us until we do something that justifies as leaving a mark. And we need leaders to help us find our way out, leaders who we in our everyday lives see as managers. With growing opportunities available for smart workers, retaining top talent necessitates the need for leaders who don’t just get the work done but inspire people. Inspire devotion, a sense of loyalty and belongingness. I’m a true believer of Pygmalion effect. If a manager is successful in creating the right kind of environment and making an employee believe that he/she can fly, then they will fly. Employee engagement if done right thus fosters a ground for inspiring people.

Maybe engagement is too abstract a term and the results not very handy, but organisations that have success with engagement have better productivity and lower attrition as proven by several surveys conducted by Gallup. So while employee engagement might not generate instant numbers, if done as a fundamental part of key success strategies and not just “check the box” activity undertaken once in a while, holds the power of bringing about significant change in companies. Because as much as we love chasing numbers, people matter. And will always matter more. Read the full article

[inventivaindia]

Artificial Intelligence and Internet of Things: 2018 Trends

Artificial intelligence to embed into the fabric of IoT electronics that is managing industrial and personal applications. 2018 will see the AI changing the status-quo in local computing, cyber security and personal voice assistants/speakers. With an introduction of AI-specialized hardware in 2017, the issues with high latency and high bandwidth that are supposed to be restricting the growth of local computing will be resolved. AI-specialized hardware is specialized for a specific task and hence operates with low latency at lower bandwidth, thus saving power through its architecture. 2018 will see the application of such AI-specific hardware to edge devices and enable strengthening the IoT fabric for faster processing and will rejuvenate high responsive –critical applications in automotive, drones and consumer industry, if not industrial as of now. With the growth of digital operations, manufacturers will have to reside on AI software for mitigating the cyber security risks to protect the assets. In 2018, AI software will be monitoring around 4.2 million network devices and 1.5 million gateways for ensuring wireless, end-point and network security. AI will also be rapidly proliferating in the area of application and cloud security in the same year. Antivirus/malware, firewall, virtualization security, DDoS, intrusion prevention/detection applications will be embedded with AI and data loss protection and IAM applications will increasingly be embedded with AI to mitigate the ever increasing risks of cyber crimes For personal users, AI powered smart speakers will open up whole new set of experience in 2018. the year will witness the growth of various third party applications for smart speakers. This will enable personal users to perform various tasks that they usually perform using smart phones but using voice-recognition. Consumers will be speaking to the smart speakers to accomplish the online tasks starting from booking a cab to controlling lighting and other electronics in their home. Internet of thing getting more to the edge and opportunities to open in Retrofit market Till 2017, IoT is being used for real-time monitoring of the asset and controlling them from the centralized locations, a cloud and on premise control centre. In 2018, we will see fog computing going mainstream. The computing will be pushed down to the edge and the nodes itself will be able to perform computation locally and send the residual action data to the cloud. This would enable distributed computation operation and reduce pressure on IoT networks helping faster processing at lower energy consumption. Major players have already developed specialized hardware and software for fog computing, we will see it coming to the reality in 2018. 2018 will witness the growth of retrofit IoT solutions in the retail market. Several retrofit products to control lighting, consumer electronics, home automation products and can even elevators and other type of functions that are critical to day-to-day life will be available with online and offline channels. Apart from smart homes, now even the normal home will make use of IoT using retrofit solutions and will control the consumer electronics and home automation products with their smartphones or smart speaker/assistants. Developing countries especially will witness the growth of retrofit IoT solutions on account of comparatively lower purchasing power as compared to developed countries. Most importantly, 2018 will witness narrowing gap between IoT and AI. This will give rise to newer functionalities to the same IoT device, helping to create unique experience for individual user of the same IoT device. IoT applications will start to monitor and take corrective actions as per its user environment with the help of artificial intelligence. This will mark the start of Personal Artificial Intelligence era. Read the full article

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Branding: 5 tips for building your company's brand

For many businesses, creating and implementing a cohesive branding strategy often comes as an afterthought or not at all. Yet, research shows that companies with strong brand names generate vastly disproportionate sales and profits. In other words, taking the time to define and build a brand can give you a huge competitive advantage. Brand building is an integral aspect of personal and business development. It not only increases the voice and consumer awareness of a brand, but it also gives it an identity and worth. The advent of participatory and interactive platforms has given many businesses the chance to enhance brand awareness and equity. If you have been thinking of building a personal or business brand, then it is important for you to know that brand building takes a great deal of time and resources. Here are a few tips to help you implement effective branding strategies and tactics in your business. 1) Define Your Brand The first stage in brand building is defining your brand. This is a very critical step as it ultimately determines what your brand truly stands for. When defining your business brand, you should create a checklist of its core strengths. Similarly, if you’re defining a personal brand, you should look at the skills and expertise that you possess especially those which stand out. On the same token, you also need to know what your brand stands for and what is important for your brand (brand values). Your values should in one way or another show that you are contributing to environmental, social, and economic well-being of consumers. You may not realize some of these important aspects of brand building immediately, until you look at them objectively. 2) Conduct effective market research Before making significant branding efforts, you’ll first want to answer a few key questions: Are customers aware of your brand? How are you perceived in the market? How do customers view your brand compared with others in the market? What characteristics do customers associate with your brand? Market research will help you answer these questions and allow you to gather feedback on potential positioning for your future branding exercise. 3) Differentiate and Position Your Brand Before embarking on brand building, you have to take time to differentiate it so that you can attract attention and stand out from competitors. To differentiate your brand, you have to create a unique advantage in the mind of consumers not merely getting attention by brand building colors or logos or other superficial elements. Once you come up with a unique value proposition, you should use a good branding strategy to position your brand in a way that will help consumers see and appreciate the greater value of your brand over competing ones in the market. 4) Create an emotional connection Psychologists have found that 90% of communication is non-verbal. Shrewd marketers have long known that businesses can vastly improve brand effectiveness if, in addition to a good name, they evoke appropriate emotions. One simple way to do this is through the effective use of colours. For example, using reds to create a sense of urgency, greens for environmental themes, blues for water and so on. They all can help to reinforce an effective brand name. Some companies even use music to build brand identity. For example, Intel trademarked the musical notes that are played at the end of its television commercials. 5) Deliver consistent communications Once a company has developed an effective brand and corporate identity strategy, it must be implemented consistently through every “point of contact” with a mandate of 'Call To Action' in every communication with its customers, including in advertising, signage, public-relations efforts and so on. One key is to get employees on board. Your company’s employees are its greatest brand advocates. Creating an internal branding model will help them understand and connect to your core brand(s). They’ll then be better equipped to communicate that brand message to your customers. Read the full article

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Trading Crypto Currencies

There has been a hue and cry regarding cryptocurrencies. For some it is a new concept and for others this has been here for quite some time now. It all started from a simple concept of a digital currency bitcoin. Unlike the bitcoin, technology enthusiasts were more interested in the underlying technology platform for the same- Blockchain. Before reading ahead kindly do go through the concept of blockchain - both its advantages and disadvantages ( thoroughly believe nothing comes with 100% pros). Here is a possible link for the introduction: So now getting back to trading. Since bitcoin or any other cryptocurrency has no fundamentals , it is quite an impossible feat to get a 1 year or even a 6 month prediction of these currencies.These markets are currently driven on sentiments. If one is to look at the actual value of these coins, or even the value at launch ( IPO) ( ICO in crypto currency) one can derive the value as actual cost of mining a coin. This can be a base value to start with, but to get this value one will need to have a balance sheet and a profit and loss statement of the company/platform launching the coin. Technically in a normal stock market such information can be found in a red herring prospectus. A red herring prospectus gives an overall introduction of the company, the shareholders of the same alongside its previous performance , board of directors and also the future plans. The same is validated by a regulator before going public. So what does one do if you don't have a red herring prospectus and more importantly a regulator. Well, look at the information of the company you are investing into. Have your own red herring prospectus. If they say the office is located at an address and in case you are in and around that area, do visit them. Read about the use case of the coin, What exactly are their plans? Can this coin be a disruption? Is there a need of this coin? What is the core competency? What tie ups is the coin looking at? Who is the big daddy of the coin? Who is backing up the coin? Do your research. If you are on a crypto exchange and the coin is listed there, do observe its movements. Just because a coin costs a cent, need not necessarily the coin will be legit, or need not necessarily the coin will give you 2000% returns in a year. Do not follow the bandwagon!! Yes you got it right, just because your friend is investing, do not invest for the sake of investment purpose. Investment takes research and time. Do remove your principal amount as soon as possible. You can risk your profit money (do not get too attached to it, especially if it was just a gamble). It is a risky field you are entering where a regulator is not present, nor are there any limits to upside and downside of the coin price. Finally do your own technical analysis. It ain't difficult, all you need is patience and basic maths to get it right! Cryptos are here to stay, you cannot ignore them!! And do not forget to pay your capital gains tax, at least as income from other sources till the government comes with a proper taxation system for these. There are more than 1500 crypto currencies currently available in the market. Choose wisely!! Read the full article

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Points to remember before investing in cryptocurrency

There are many calculated risks, when comes to investing in cryptocurrencies from anywhere in this world. The cryptocurrency industry is limited and there is more speculation that it will be the globally accepted future money. The words Satoshis and Bitcoin are now popular due to its decentralized digital currency system. Once you read and understand or look for cryptocurrency videos online, later you will be familiar with blockchains and mining. We hope the reader of this article has some knowledge about digital currencies. It is advisable to remember few points while taking your stern decision to invest in cryptocurrencies.

1. Trusted Cryptocurrency Stocks to Buy

Anyone can buy cryptocurrency through brokers only. There are limited brokers, who mine cryptocurrency and sell them with a margin. There are few cryptocurrencies only, and many are trying their best to mine them before it becomes zero. However, mining is a huge investment and to become successful is a rare chance. Therefore, it is advisable to buy from trusted brokers only. Otherwise, you will end-up with scam websites in the name of cryptocurrency.

2. Fake Cryptocurrency Exchange Site

When comes to online money, there are many hackers and online thief to follow your cryptocurrency and go way without any trace. However, the Bitcoin ensures the safety of your wallet with secret code and there is very little chance to hack you detail unless you give your details online or through other mediums. There are many fake websites in the name of cryptocurrency and vanish away by pooling a million dollars in one day and cheat people in the name of investing in cryptocurrency. However, you must check the credibility of such sites before you wish to invest in cryptocurrency through online channels.

3. The Best Cryptocurrency to Invest in 2018

In the past 8-years, people across this globe have much contributed to cryptocurrency. Today, there are many players in the online platform with different names in the digital currency. They have separate rates and legality to use in the various region of this globe. It is advisable to buy those cryptocurrencies to invest in 2018 with most trusted digital currency. You must read their chart and make a better analysis to know its demand and supply level in the present time to invest and ripe wisely in the near future. The best cryptocurrency to invest in now is Bitcoin. When they are not legal in your country, you have to choose some other cryptocurrencies, which is legal in your country as virtual currency. Investing in blockchain startups is now a trend as they are willing to mine and make a profit is a short time. The investment options are many in this world. It is advisable to see that those are legal in your country when you wish to own virtual currencies. However, there is much speculation about the cryptocurrency as this will be the future money. Read the full article

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How to Protect Your IP Rights While Outsourcing?

Are you thinking about outsourcing your software development? If yes, did you ever think about how to protect your Intellectual Property when outsourcing? As far as outsourcing is concerned, protecting your IP is a big challenge. There are a lot of things to take care in IT outsourcing by protecting the IP rights in an all in one package. Intellectual property is a major tangible asset of a company. The risks, nature, and significance of intellectual property rights may vary based on industry type. There are a number of industry types which needs outsourcing so that IP protection too. When considering software outsourcing, intellectual property protection has a vital importance in offshore or nearshore outsourcing. While outsourcing your project development process to a vendor or a group of vendors, there will be a number of intellectual properties that you should provide to them. The IPs include software, applications, data, requirements documents, trade secrets, confidential information, work authorship etc. The first thing to keep in mind on IP protection while outsourcing is that manages the IP and obey the business goals of both customers and vendors. It’s the time to protect your IP from unwanted parties and to create a risk- free outsourcing interface. We suggest the following ways for your multi-layered IP protection. Find The Major IPs Before you start an outsourcing process, you have to identify what are the IPs you need to protect from future risks. Your IPs would be copyrights, trademarks, secrets, mission-critical software details, confidential information etc. All these items would be arranged in databases, embedded in codes or simply written in a paper. Identify How Vulnerable to Attacks It Is Next step is to identify the major attack prone things about your software intellectual properties. Check out the following things: 1.     What are the items incorporated in your intellectual properties. 2.    Location. 3.    Who manages and controls these intellectual properties. 4.    Who is the current protector of your IPs. 5.    Vulnerability scale of this IPs. 6. Appoint an IT manager to monitor transactions. 7. Appoint an accountant to audit the financial transactions of agreements. 8. Appoint a security professional to invigilate the security breaches. When you plan for outsourcing your software business, it’s vital to protect confidential details and other critical information so as to avoid misuse, harm, loss, theft etc. Go through the following things before you select an outsourcing vendor in the perspective of IP protection. Always choose an established vendor in the outsourcing market so that you can fix the credibility. Ensure that your vendor has a documented security policy on IP related terms. Ensure that your vendor can provide you additional security policies to protect your very complex data. Engage in well-organized human resource screening. Always ensure that the outsourcing vendor is documenting all your project source codes and project critical items. Verify data security and IP protection practices of outsourcing vendor. When you outsource your projects to an outside vendor, it’s a must to protect all your company related intellectual properties. Your IT compliance manager must ensure that the company has used all types of IP protection such as physical, electronical and legal. Always ensure that your company has a full-time IP protection with the following major turnarounds. Never disclose all the mission-critical information to all staff. It must be limited to a high panel of members who is in connection with compliance and information security. Ensure that your outsourcing vendor has a very secure channel for communication and functioning. Use firewalls, VPN, encryption and other security actions to avoid security breaches in the electronic environment, which may lead to interruptions in the supply chains. Protect source codes, passwords, access codes etc. from breaches. Never use real information in test data.  Keep an original of the source code. If you are outsourcing to another country, decide which county’s legal system to use for protection. Maintain the IP protection standards of both countries. Keep the licensing procedures and source code ownership. Always double check the issues with open source software you and the outsourcing vendor are using. Ensure that all the individual staff is vigil for database protection and privacy. Andrew Berger from IP In Brief says that while making an outsourcing agreement, make sure the agreement provides that you will own the rights to any IP the Vendor creates during the term of the relationship; for instance, if the vendor creates any joint interfaces, you should own them. He also stated that if you are outsourcing to India or China, the vendor should register the company’s copyrights and trademarks at the right government agencies there. The IP outsourcing agreement will change based on the IP and the country in which you would like to outsource. It’s a must to keep in mind that IP and related sensitive data are highly delicate and prone to risk and security issues. The above guidelines would be a helpful thread for your IP protection while outsourcing. Read the full article

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Here’s why hyper-converged infrastructure is a hot topic

Business demands are changing at an unfathomable pace. New infrastructural models are emerging every day to meet these needs; hyper-converged infrastructure is a step in the same direction. Technologies in the corporate field are changing rapidly; the rate of change is so quick that innovation seems to govern the order of the day. Hyper-converged infrastructure is a technique that allows cloud-like economics and focuses on scalability without making an adverse impact on performance, reliability, and the availability of the key features in your own data center. Gartner stated that it is expecting the market for hyper-converged infrastructure to reach an estimated $5 billion in 2019, from being a zero in 2012.

Why is hyper-converged infrastructure the buzzword?

Data storage requirements are one of the prime concerns for companies nowadays. Since the storage requirements are ever evolving, hyper-converged infrastructure focuses on reducing or controlling the storage requirements of companies across several industries; it scales resources in and out, as and when required. Virtual machines are supported to reduce the workload being handled by organizations. Data is important to any organization, and so is the security of that data. With hyper-converged infrastructure, regeneration of lost data can be ensured and a flexible workplace can be created.

What are the key features of hyper-converged infrastructure?

The entire infrastructure runs in a software-defined manner. This means that all the hard drives that are connected are displayed as a single storage device. If any of the drives fail, information is up for grabs for the rest of workplace. This enhances the server performance and ensures that the storage is not limited to the local drives alone. Hyper-converged infrastructure has also reduced cost and complexity. With reduced costs and decreased complexity, hyper-converged infrastructure has already made its mark in different industries by now. Hyper-converged infrastructure has been assisting companies in realizing efficiency and to cope up with the current requirements of the market.

What are the drawbacks of hyper-converged infrastructure?

Unlike all the major advantages and victory points of hyper-converged infrastructure that we have seen till now, it has its own set of drawbacks too. If a system of connected hard disks run out of storage space but are capable of handling the computing part, the need to upgrade an entire system still stands. If we wish to tweak the system or just tune the configuration a little, it can be a complete challenge if handled by a person who does not have prior experience. Even though hyper-converged infrastructure has its own set of drawbacks, its advantages and key features cannot go unnoticed by the CTOs and the CIOs of an organization. There are several data architectures for technologies to culminate into better organizations. Different businesses are vying to look out for ways in which they can leverage the same within their organizations. One of the reasons why hyper-converged infrastructure is so hot is because of its ability to touch the pain points of the market and come up with a solution that everyone awaited. Read the full article