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New practice setup

06 May 2013

Hi All,

I am a member of ICAI and doing job in Industry since last 4 years. I am planning to start CA practice in Mumbai. I just need some suggestions or guidance on below matters related to practice:

1. How can I source the business and get the assignments ? As there are couple of restriction related to advertising. I wants to know how established firms and CAs have got the clientel.

2. Does ICAI support or provide audits/assignments to practicing members ?

3. Anything I need to take care apart from registration with ICAI and professional ethics ?

4. Any suggestion from your end.

Thanks

Abhishek

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2 Replies

CA Kedar Sakhardande (Proprietor) (942 Points)
Replied 07 May 2013

Hi abhishek

first of all congrats for taking a decision on venturing in your own practice. as you are rightly pointed out we as members cannot do advertisement of our services.

What you can do is you can start taking assignemnts from our co members who are already into practice you can also work as an associate with fellow members with enough of flexibility to give justice to your own clients (whichh you may get over aperiod of time)

You may informally spoke to your relatives and friends and tell them that you are into your own practice. when people see that you are into your own practice and you are providing quality service people will refer you to other clients and thats how you can expand your practice.

I know this may not happen immeditely but will happen over an year or 2

Initially, do not invest much in capital assets office or take expensive office on rent.If you want to invest you may invest in IT assets (Computer/ Printer/Scanner/ Softwares/ Tally/ Data card etc)

So once again all the best for your practice

have trust on yourself

kedar

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