Here is a useful article by Sharda Balaji, Founder, NovoJuris Services. NovoJuris is taking care of CS services for LifeMojo/iStrait.

“An LLP is indeed advantageous because of comparatively lower costs of formation, lesser compliance requirements, easy to manage and run and also easy to wind-up and dissolve, no requirement of minimum capital contributions, partners are not liable for the acts of the other partners and importantly no minimum alternate tax (as of date). But, LLP cannot raise money from the public,” stated Balaji, adding, “One other factor that is interesting is that, books of accounts have to be audited if the contribution is above Rs 25 lakh or if annual turnover is above Rs 40 lakh.”

Read the complete article here:  http://dqchannels.ciol.com/content/space/109082902.asp

Here is a hilarious series of videos on “Getting Bored Of Facebook” Enjoy!

The other day me, Namit and Varun were talking about how long people will keep using all these social networks. Isn’t there too much of irrelevant stuff lying these? Haven’t we had enough of them?

Check out:

Ben Parr, an author on mashable, wrote a couple of useful tips on getting most out of the twitter hashtags. I try to tag all my runs with #lifemojo and #run. It helps in organizing the information better. If everyone agrees to append a certain hashtag to tweets about a topic (say running), it becomes easier to find that topic in search, and more likely the topic will appear in Twitter’s Trending Topics.

Check out this post: http://mashable.com/2009/05/17/twitter-hashtags/

Sharda Balaji from Novojuris, wrote a very informative post on pluggd.in on the least understood and most young type of a commercial organization, called Limited liability partnership (LLP).  She also tells the various diff between a Private limited company, a  Limited liability partnership and a Partnership firm in a tabular form. Check out the article here:

http://www.pluggd.in/limited-liability-partnership-llp-company-comparison-297/

Check out the cool new map feature on LifeMojo:
http://blog.lifemojo.com/2009/05/08/new-feature-map-your-workouts/

My public profile page on LifeMojo is http://www.lifemojo.com/people/hkhurana See my posts and the link to various maps for where I ran.

Cool, isn’t it?

Awesome information on customizing your google analytics report, to track social networks or any other kind of traffic. Made me learn much more about google analytics.

Option 2 is a good one! Check it out:

http://econsultancy.com/blog/3761-2-easy-ways-to-track-social-networks-in-google-analytics

Wilson, Sonsini, Goodrich, and Rosati, one of Silicon Valley’s law firms has created a free, online Term sheet generator. Here is the description of the tool:

This tool will generate a venture financing term sheet based on your responses to an online questionnaire. It also has an informational component, with basic tutorials and annotations on financing terms. This term sheet generator is a modified version of a tool that we use internally, which comprises one part of a suite of document automation tools that we use to generate start-up and venture financing-related documents.

Interesting and useful…isn’t it?

Its been a good couple of days on PR front for LifeMojo!
We got covered in Mint on April 7:
http://blog.lifemojo.com/2009/04/07/lifemojo-covered-in-mint/
And the very next day, on April 8, there was an article about LifeMojo calorie Search in ET, Delhi edition:
http://blog.lifemojo.com/2009/04/08/lifemojos-calorie-search-covered-in-economic-times/

I read this guest post on TechCruch by Professor Eric Clemons (from The Wharton School of the University of Pennsylvania) yesterday on Why Advertising Is Failing On The Internet. His point is that people don’t need/trust/like advertisements. But hasn’t that always been the case? If it is not relevant to me or its not funny, I don’t like advertisement….right? And nothing has changed on that front!

I think, the fall in advertisement revenues is primarily because of fear of recession and hence cost-cutting. Marketing and R&D are the two most affected verticals when it comes to cost-cutting.

So it is perfectly sensible to look for alternate sources of revenue in such times. Build something which people want to pay for!

I am sure that the advertisement is going to boom again, once the economy is back on track!

Does sharing an idea really matter? Isn’t it all about execution?

For Seth Godin’s Alternative MBA program, nine of his friends came up with 111 business ideas each. They say that the ideas are only valuable when someone (like you) makes something happen.

Check out their 999 business ideas, free for the taking: http://www.sixmonthmba.com/2009/02/999ideas.html