Registration of Startup in India
Registering new business in India, some reliable methods a manufacturer has to follow in an effort to register them in Indian official files, MCA (ministry of corporate Affairs) has to made registration procedure online few years again. If you are a services provider, service tax registration is necessary (maximum cost will be Rs 3,000 including registration and it will take four to six working days).
Some popular ones are starting an online store, selling homemade goods, selling online courses, freelance writing services, becoming a virtual assistant, starting a drop shipping store, offering hourly services (marketing, designing, etc.,), selling custom printed products, starting a print on demand business and more.
The Startup should be incorporated as a private limited company or registered as a partnership firm or a limited liability partnership. Turnover should be less than INR 100 Crores in any of the previous financial years. The cost of registration of a sole proprietor company is nearly Rs 2,500 while that of a partnership firm is nearly Rs 5,000. If you incorporate a private (LLP or LLC) company with a minimum authorised capital of Rs 1,00,000, the registration will cost you Rs 7,000.
There are 5 forms of corporations that may be registered in India
- Sole Proprietorship Company Registration
- Partnership Company Registration
- One Person Company Registration
- Limited liability Partnership Registration
- Private Limited Company Registration
In order for a “start-up” to be eligible for the initiative, it wishes to satisfy the following standards:
- An entity is considered as start up as much as 5 years from the date of its incorporation/ registration in India.
- Its turnover for any of the economic years has now not exceeded Rs. 25 Crore
- It is working in the direction of innovation, progress, deployment or commercialization of latest products, procedures or services pushed by means of intellectual property
System to register a start-up manufacturer in India:
- Log in to begin-up India Portal
- Decide upon your legal entity
- Input your incorporation/registration quantity
- Input your incorporation/registration date
- Enter PAN number (non-compulsory)
- Input your address with postal code & state
- Enter authorized representative small print
- Enter director(s)/companion(s) small print
- Pick and upload aiding records and self-certification
- Incorporation/registration certificates of enterprise/LLP/Partnership
- Registration to avail tax and IPR
- Certify the respectable notification terms and stipulations
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