The client started his career as an analyst with a large VC firm and then turned into a successful serial entrepreneur and investor.
Concern areas:
- To hire a family office that would help manage his financial assets and bring in investment ideas without any vested interest
- To find a research team that could filter some of his ideas, put a framework for primary evaluation, and a matrix to track progress of the companies he funded
- To engage with an organization that could manage his taxes smoothly, given the multiple complexities. He had substantial carry coming from his previous stints as well
Our Solutions:
- We engaged with the client for nearly 3 months till we arrived at the optimum solution to have a tax-compliant structure while receiving monies. As a result, we were able to reduce his tax outflow by 40%
- We put in place an efficient tax and administrative structure to manage all his tax compliances (monthly GST filings, quarterly advance tax, annual tax filing)
- Our real estate team handled property management and real estate on his behalf to shortlist investments he wished to make in India and the UK
- We finalized a filtering process to evaluate unlisted investments
- We incorporated the investment policy statement for their corporate treasury
- We worked with a domain partner and had a part-time CFO build a matrix to track and do an independent audit of his funded ventures
