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How do the JYP auditions work?You can audition online at any time. You have to fill out a form and submit a short video clip of you singing, rapping, or dancing. Pick the specialty you are best at. JYP selects a monthly winner, who gets an interview with a staff member. That’s it. They may also take any number of auditionees deeper into the audition process (see below). Most months that number is zero. Some months it may be more than one.You can also audition in person when they are holding satellite auditions in various countries (watch for announcements) or by visiting their headquarters in Seoul, which is open for walk-ins at various times. Again, you will be doing a 1 minute performance in your specialty. This will be filmed by a judge who does not give any feedback on your audition at the time. You will typically hear back 2–4 weeks later if you have been selected. You will not hear anything if you are not selected.Candidates who pass early round auditions typically are funneled into the annual audition process. You will spend 1 week at JYP preparing a dance or vocal performance with a group of other auditionees with the same speciality, then you will perform in front of a crowd. You can see examples of these performances on Youtube by searching for “JYP audition”. JYP typically signs 3–4 trainees out of the ~30 that participate in the final auditions. It’s possible there may be an intermediate round before the annual finals but I haven’t heard anything about it.Edit: JYP also now seems to hold boys-only and girls-only auditions about a year before they form the respective groups. They held one last year for boys and last month for girls. These are in-person satellite and local auditions that do not feed into the usual annual audition process. We don’t know much more about these.Trainees also enter the agency via scouting. This may be agency associates finding a video online (Twice’s Momo and Tzuyu were scouted off Youtube), in person trips scouting students in local Korean schools, or candidates being privately introduced through entertainment industry connections. Scouted candidates work with the scout to prepare a short video that is circulated around the company for a decision. This less formal process is actually where most of their trainees seem to come from.
How can SEBI bring more investment through the capital market?How low are capital market investments penetration? It's a known fact that only 2% of Indians invest in our capital markets directly (via their demat accounts)  compared to 30% in developed countries and 9% invest in mutual funds . I don't have data on ULIPs but let's be overtly optimistic and say that it's 3%, taking the total to 14%. That means that just 14 out of every 100 people have direct or indirect exposure to the capital markets, compared to 55% for developed countries.Why is the penetration low? The problem is that finance is complicated and with the introduction of new products, it's getting even more convoluted. There are interest rate futures, VIX futures, currency and commodity derivatives and whatnot. These are fantastic products and absolutely essential to build deep, mature financial markets that attract foreign institutional capital. But the average Indian who has a day job and a family to look after just cannot be expected to understand them and have the software/hardware infrastructure to invest or hedge using these products.If I'm made the SEBI chairman today, this is what I'll do:Make it easy for a new crop of fund managers to start their investment companies: This must be highly regulated, though. There should be an rigorous exam like we have for the Indian Administrative Service. If people need to write a tough exam and sit through an even tougher interview to able to run the country, we should have the same for those who want to manager our citizen’s wealth. Only those who pass, should be allowed to build innovative business models in the finch space.Ease of marketing: Look at this advertisement of UTI's mutual fund. What the hell is all that at the bottom half of the page? I understand the importance of a risk disclosures, but this is killing marketing innovation in financial products. If you can't market, you can't signNow out to people nor can you educate them.Audits: Regular audits of fund houses to avoid another Sahara fiasco. I’m thinking semi annual audits.Micro investments: This is interesting, and something I have worked on. I was conducting a World bank funded research to check the viability of a new business model wherein people in Indian villages and urban slums could be organised in to co-operative societies (as a legal entity) and invest collectively. This will bring in investments from rural India into our capital markets.Get rid of the paperwork and bring in the technology: To open a simple demat and trading account you have to fill up a form that will put R.D. Sharma’s books to shame, put in more signatures than Priyanka Chopra writes autographs in a day. Imagine you could just sign up with a fund manager using your email, PAN, Aadhar number, a password and an OTP and start investing.Sources: http://www.sebi.gov.in/investor/... http://www.sebi.gov.in/cms/sebi_data/DRG_Study/Opportunities.pdf
Why do people use accounting firm to register/incorporate their company in HK?First of all, if you are paying USD 1500 extra for a corporate registration, you are paying far too much. Most corporate registration firms will do it for about USD 200 to 500 extra. Look on google.The other thing you might try is to look at Otonomous.As far as what you get by doing it through a firm. I wondered myself, and it turns out I did my own registration and now that I know how painful it is, I would have just spend the extra money to get someone else to do it.It turns out that the Company Registry is really, really, really picky about your corporate filings. For example, right now I have to resubmit my latest annual return because I’m missing pages 5 and 6. It turns out the pages 5 and 6 are completely blank, but the Company Registry wants that. I think every single filing that I’ve done with the CR has had some issue with it. (i.e. I circled something rather than underlined it)It also turns out that the CR is terrible with IT. I had to resubmit my corporate registration docs because the CR computers just mangled it. Somehow their system went bad, and the docs that were submitted were blank and no one noticed for eight months.It also turns out that you have to do an annual audit with an accounting firm anyway. After I resubmit my forms to the CR, then I’m going to have to send my forms to my auditor, which is a half day of work.Finally, bad things happen if you don’t file a form on time. Last year I was two months late filing my annual report. It turns out that its a crime in Hong Kong to file a report late, and my company now has a criminal record. Since I was a first time offender, I had to pay a USD 600 fine, but the process of going to court, having a prosecutor reading out criminal charges to me, pleading guilty, and begging for mercy from the judge is something I don’t want to go through again. Also, the maximum fine for not turning in your forms on time is some insane scary number, so if I turn into a repeat offender, bad things will happen.So now that I know why the accounting firms do it, I’d pay someone to do my next incorporations. It turns out that the hard part is working with bank accounts, so I’m working with an accountant to set up something so that an incorporated company in HK can function just with cryptocurrency and without a bank account.One funny thing is that this involves me and what I’m good at and what I’m terrible at. I can do general relativistic supercomputing calculations, and if someone wants me to complex math or discuss the finer points of Hong Kong constitutional law, I have no problem with that.I just find it impossible to fill in forms correctly and to turn paperwork in on time, so I have to hire someone to do it. It turns out that I’m not the only one with that problem. When I was in court getting charged with the crime of failure to fill in forms on time, I had a conversation with the other people, and it turned out that a lot of people in court had Ph.D. degrees.
I need to pay an $800 annual LLC tax for my LLC that formed a month ago, so I am looking to apply for an extension. It's a solely owned LLC, so I need to fill out a Form 7004. How do I fill this form out?ExpressExtension is an IRS-authorized e-file provider for all types of business entities, including C-Corps (Form 1120), S-Corps (Form 1120S), Multi-Member LLC, Partnerships (Form 1065). Trusts, and Estates.File Tax Extension Form 7004 InstructionsStep 1- Begin by creating your free account with ExpressExtensionStep 2- Enter the basic business details including: Business name, EIN, Address, and Primary Contact.Step 3- Select the business entity type and choose the form you would like to file an extension for.Step 4- Select the tax year and select the option if your organization is a Holding CompanyStep 5- Enter and make a payment on the total estimated tax owed to the IRSStep 6- Carefully review your form for errorsStep 7- Pay and transmit your form to the IRSClick here to e-file before the deadline
If the 2nd amendment is abolished, what are ways we can enforce the removal of all guns in America?Before I start, and I will start on a moment. But, as a sidebar with a little levity before diving into some serious stuff, do you know how many ultra right people you've just triggered? XD Your question might straight up end up on an episode of Info Wars. Alex Jones is breathing heavy right now.Now for the serious. Let's start at the beginning of the question. Abolishing the Second Amendment is a horrible idea. It's a, no pun intended, self inflicted gunshot to the foot. You've probably heard the argument “Getting rid of guns removes guns from the law abiding citizens, not the criminals.” It's true. There is a strong black market for guns. It happens. More importantly, the Second Amendment is in place for a very important reason. It's a tyranny deterrent. People laugh at that idea. What can a bunch of hillbillies with semi automatic weapons do against the might of the US military? But let us not forget that the country we live in was formed by a military force that was out gunned, no pun intended, by their British counter parts. In addition, I wouldn't underestimate the amount of defections from the military if they are told to take arms against their countrymen. The Second Amendment is in place to keep the government in line. It keeps the government from doing something extreme, say making people give up their firearms.This, however, is going to be a point we go back and forth on for however long we care to argue or until the end of our natural lives. That's how polarizing issues work. From my perspective, here's the problem I have with your side. I'd say you probably support an assault weapons ban. The term “Assault Weapon” is by itself misleading, used as a fear tactic to drum up anti gun support.This is an AR 15. This is the gun you undoubtedly want banned. This is the big bad wolf the media tells you about. But….This is the mini 14. This gun isn't considered an “Assult weapon.” Probably because of the wood and general less scary look. Mechanically these two guns are more or less the same. There are small differences in weight, length, ect. But as far as their operation, they are the same. In their semi automatic form (the one that civilians can buy legally) one trigger pull equals one shot. Just so I can make my point very clear, these are practically the same. The only difference is cosmetic.Now, since I'm basing this off the assumption that you want an “assault weapons” ban, let's look at another glaring issue with that point. If you look at the pure statistic data, the overwhelming majority of gun crimes/violence are pistols, not long guns like the AR 15. Pistols are easier to conceal, reload, and handle. In many cases, they can also get high capacity magazines for pistols, making the amount of carnage they create more efficientive. There are already laws on the books about pistols, so I think enforcing those rules is better than a ban.Maybe now I've softened your stance on the outright ban, but now you want an under 21 restriction. This one is debatable, but this still will have little effect on shooters that get their hands on the guns illegally in the first place.And now, finally the last argument I will be presenting. This one you've probably heard before, but I'm going to use a real example. If these offenders didn't use guns, they would turn to alternative methods for doing evil deeds. You need no more proof than the recent stabbings in China. Or vehicular terrorism in Europe. Or the stabbings in Europe. Or the bombings that just recently took place in this country. Evil is determined. If a person has evil on their mind they will carry it out by any means necessary. All taking firearms away from people will accomplish is making a country full of soft targets.Banning guns because they are a means of violence is akin to blaming a spoon for making someone fat or blaming a pencil for spelling mistakes. It doesn't address the real problem. Somewhere along the line a majority of these mass shooters snapped. There were signs. Often these signs are ignored or not noticed. The state of the mental health system in this country is a joke, and let me tell you, I'm not laughing. We look for excuses and scapegoats, but the harsh reality of the human condition is that the darkness that lurks inside of us all is what is responsible for these tragedies. It takes a level of depravity and hopelessness and, yes, evil to commit these acts. But if we better equipped our teachers, counselors, and, in general, public to watch out for the tell tale signs of this and other types of mental ailment, perhaps we can prevent future violent outbursts.
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How often should a nonprofit have an audit?496.407 requires audits for charitable organizations as follows: For those receiving annual contributions of $1 million or more an independent audit is required; for those with annual contributions of at least $500,000 but less than $1 million, the financial statements may be reviewed or audited by an independent CPA, ...
Why is there a need for an audit?Audits help businesses uncover problems and ensure efficiency. Here are the top 5 reason to conduct an audit: ... To instill a sense of confidence in management that the business is functioning well and you are prepared to meet potential challenges.
Why is an audit needed?It is necessary for following: 1.Having an effective audit system is important for a company because it enables it to pursue and attain its various corporate objective. 2.Auditors assess the risk of material misstatement in a company's financial reports.
Why is internal audit necessary?The benefits of an internal audit to a company include: Increase in productivity: Internal auditing is an objective assurance and consulting activity designed to add value and improve an organisation's operations. ... Consulting advises the management on how to improve those systems and processes if and when necessary.
How do you write an audit report?Know the style of audit reporting before you begin. ... Outline your audit report. ... Write your Introduction. ... Follow with the Purpose and Scope Methodology. ... Continue onto the Statement on Auditing Standards. ... Write the Executive Summary.