Many of you have written in to ask what are the skills that Indian CA, CMA and CS professionals need to develop in order to get work from US clients remotely.
Actually the work is not so different. What you have to do in India and the US can be quite similar. Of course, there are procedural differences.
While you do the same things very often in both countries, how you approach it can be a little different.
Let me give you an example.
Let’s talk about something basic. Incorporating an entity.
There are very similar documents and processes involved. You use online portals to do the work just like you do in India. You need Constitutional documents – albeit the terminology is different. You need board resolutions and authorisations. You need to know the different kinds of entities. Of course, the applicable sections are all different and you have to learn all that for the US so that you don’t go awry while doing the work.
We teach how to incorporate C Corps and S Corps live in our bootcamp!
When you actually learn to do it, you cannot help but realise how similar both the processes are. Yes, there is a 20 percent difference, but it’s nothing you can’t learn in a few sessions.
Let’s take a look at the most common work that Indian remote workers are doing in this sector for their US clients:
Corporate law and compliance related:
- Formalise the business by incorporating a C-Corp
- Perform entity incorporation or conversion
- Draft/review investment documentation
- Draw up, review & manage joint venture and general corporate contracts
- Perform post-investment compliance, such as issuing shares and fulfilling reporting obligations
- Corporate governance
- Legal due diligence before deals
- Implementing ESOP plans
- Structuring of financial transactions and mortgages
- Everyday compliance under corporate and securities laws
Tax related:
- Bookkeeping services
- Creating financial projections, cash flow statements, business forecasts
- Tax planning
- Preparation of financial MIS of various kinds
- Preparing, reviewing and analysing corporate and individual tax returns
- Analysing tax efficiency of various agreements & transactions
- Transfer pricing related work
- Auditing, due diligence and reverse due diligence
- Tax compliance and risk assessments
- Compliance with financial statutes such as anti-bribery or anti-terror financing laws
At this point, you might feel that you already know some of these tasks, at least for India. How long will it take to learn some of the nuances so you could do it for US clients?
Maybe 6 months.
Maybe 12. That is enough if you can spare two hours per day learning about US corporate and tax laws.
Of course, you will still have many questions. You want to know how you can secure US corporate or tax work and generate business. You want to know how and where you can learn all these US specific skills. You want to know how to get started.
No worries, LawSikho is at your service.
We are conducting a free three-day bootcamp on ‘International Opportunities for Indian CA/CS in US Corporate & Tax Law’ from September 24-26.
Here is what you will get from our bootcamp:
- We will share with you the exact roadmap that our students have followed to get US clients to perform remote corporate paralegal and tax work
- We will give examples of live projects that India-qualified CA, CS, and other compliance professionals can take up, and why US clients will prefer to work remotely with professionals from countries like India
- We will also teach you valuable skills that can help you get started with work and gain financial freedom
Rome was not built in a day, nor are successful careers. If you see your future in any aspect of US Corporate or Tax Law, our bootcamp is the perfect place to start.
What makes you want to settle for mediocrity when you can be excellent?
Here is what you have to do. Join our Diploma in US Corporate Law for Company Secretaries and Chartered Accountants.
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