How BBNC.IN Has Become One Stop Solution for Business Owners
September 18: Nithin Shetty, an ambitious entrepreneur, founded the company, BBNC (Beyond Books N Compliance) with a vision to ease the life of business owners and individual taxpayers. BBNC is a one-stop solution for all your needs related to Accounting, Taxation, Compliances, and Legal Services. BBNC provides simple, reliable, and affordable solutions and services in the professional space.
BBNC bought in two needed solutions for entrepreneurs. One is, helping entrepreneurs in their initial legal setup of the business, such as advising promoters the correct type of structure of their entity, which is best suitable for their business, assisting them with getting required licenses and tax registrations, and with various state policies.
Another solution is a personalized day to day compliance management system for businesses, helping them take care of various compliance requirements such as Tax filings, ROC Filings, RBI Filings, Audits, Accounting, including Bookkeeping services.
BBNC started its operations in the year 2015 as a proprietorship firm and they incorporated a Private Limited Company called DECISIVE TAX AND COMPLIANCE SOLUTIONS PRIVATE LIMITED and officially launched its website ( www.bbnc.in) in 2020.
The company’s headquarter is situated in Bengaluru, Karnataka and has a corporate office in Hyderabad, Telangana as well. Through its wide network of professionals, BBNC virtually serves clients all over India and has been doing it for past six years.
The idea behind BBNC stemmed from the founder’s personal experiences and after meeting several other entrepreneurs facing various problems in the professional service space. The genesis of BBNC is “Can someone take care of day-to-day compliance matters of the company as if it is their own company?”
In the interview, Nithin Shetty said “Many entrepreneurs, especially who come from a technical background, do not have much knowledge about the legalities involved in starting and running a company/ tend to make mistakes with these processes. BBNC aims to help those entrepreneurs and business owners, providing end to end support relating to accounting, taxation, compliances and legal services so that the entrepreneurs and business owners can completely focus on the business and its operations by handing over the compliance responsibilities in the hands of trusted professionals.”
The Company has in-house team of various professionals such as Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, HR Professionals, etc., providing more than 130+ services to its clients.
The services include Business Incorporation, Taxation, Audits, Accounting, Corporate Compliances, Labour law compliances, drafting of various agreements, legal advice to business, Intellectual Property Rights and Protection matters, Funding compliances and many more. Besides being a B2B service provider, the Company also assists individual taxpayers with its services such as Tax Planning, Income Tax Return filing and various consultations.
BBNC also has specialized professionals whose expertise are in helping foreign companies and individuals set up a subsidiary/new company in India. They have assisted parent companies from Americas, EMEA and APAC countries in setting up and operating their subsidiary company in India.
Business Set-Up Services:
BBNC is helping entrepreneurs with setting up their business as per the legal needs, it offers services such as Incorporation of Private Limited Company, Limited Liability Partnership, One Person company, Sole Proprietorship firm, Partnership firm and Non-Profit Organizations. After the incorporation process is completed, they help with getting the required registrations such as Shops and Establishment License, Professional Tax registration, GST Registration, Import Export Code etc.
Taxation and Audit Services:
The company provides all types of taxation and audit services, including tax planning, Income Tax Return filing, Accounting, GST filings, Statutory Audit, Tax Audit and various other audits, payroll services, due diligence, bookkeeping, etc. These services are very crucial and can be performed by only specialized professionals, also offered by BBNC.
Contracts & Legal Services:
Apart from incorporation and meeting the compliance needs, every business must have specific contracts and agreements in place so that they can avoid the future disputes that may arise. Fortunately, BBNC also assists in getting Co-founders agreements, Vendor agreement, Employment contract, non-disclosure and non-compete agreement, etc., drafted by their professional team.
When it comes to compliances related to the Ministry of Corporate Affairs (MCA), Registrar of Companies (ROC) and Reserve Bank of India (RBI), every company/LLP must need a Company Secretary, who can file for these compliances, BBNC has a team of Company Secretaries, who can help with these compliances. These compliances include, Appointment/Change/Resignation of Directors, change in Reg Address of Company, Share Transfer, Annual filings of Company/LLP, Conversion of one entity type to another, and many more to adhere to the request of the clients.
Intellectual Property Rights and Protection Services:
Businesses secrets, names, innovations need protection. BBNC provides Trademark Registration, Copyright Registration, Patent registration, etc. services, to protect the same. It requires an IP Protection specialized attorney to make sure the client’s IP is protected. BBNC assures to deliver all these services exemplarily.
Despite having various competitors in the market, the founder says, “The amount of dedication we put into every client’s work is what sets us apart from others.” BBNC stands for its quality, reliability, and affordability of services.