Many owners of startups don’t want to hire a chartered accountant (CA) mainly because they think they don’t need one. In addition, a lot of startups have limited budgets, which might be the main reason why hiring a CA is often out of the question.
While that may be true in the beginning of the business venture, it could prove to be a mistake later on as the startup begins to evolve. There are many reasons why startups should hire, or at least consider hiring a CA as it can make all the difference between success and failure.