omnifin2023

Myths and Truths about Business Valuation

Many business owners and investors fail to understand the valuation process and its results. Here are some common business valuation myths and the underlying truths. Myth: You appraised the \”fair market value\” of my business. When I sell my business interest, this is the price I will receive. Truth: Fair market value (FMV) is different from a transactional (or strategic) value. […]

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Understanding the basics of Employee State Insurance (ESI)

The Employee State Insurance Act, 1948 is applicable to factories, manufacturing units and establishments employing 10 or more persons with wages up to INR 21000 per month, excluding overtime wages. Note that once a factory or establishment is covered under ESI Act, it will continue to be covered even if the number of workers fall

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