Starting a new business is an exciting journey. One of the most important steps in building a successful venture is registering your company. Proper startup registration not only legitimises your business but also opens doors to government programs, funding opportunities, and increased credibility with investors.
Typically, a startup is a new business founded by entrepreneurs, focusing on creating a unique product or service and offering it to the market. Most of these businesses are driven by technology and can grow easily.
It has not been around for more than 10 years.
The company is established as a private limited company, a partnership firm, or an Limited Liability Partnership (LLP), as per the law.
The company’s turnover each year does not exceed ₹100 crores.
Striving to create improvements, develop, or innovate what is being sold or offered
Legal Entity: Makes the business operate as a separate legal body from its owners
Tax Benefits: Benefits from taxes under the Startup India Scheme if you meet the requirements
Intellectual Property Protection: It is easier to handle trademark registration and patent registration.
Funding Opportunities: Most investors opt for registered startups when giving funding.
Brand Reputation: A strong brand reputation allows customers and partners to believe in the company.
Compliance and Accountability: Ensures that necessary records are stored and strictly followed, as well as clear transparency
Choose the appropriate structure for your startup:
Business Structure |
Suitable For |
Legal Status |
Scalability |
Compliance |
Single owner with low capital |
No |
Low |
Low |
|
Partnership Firm |
Small businesses with 2+ partners |
No |
Moderate |
Moderate |
Limited Liability Partnership (LLP) |
Professional firms, medium startups |
Yes |
High |
Moderate |
Private Limited Company |
Scalable startups, tech firms, funded startups |
Yes |
Very High |
High |
One Person Company (OPC) |
Single founder who wants a corporate structure |
Yes |
Moderate |
Moderate |
Check the company’s position regarding ownership, investment, liability, tax, and scalability.
You need an account to upload documents online.
All company directors need to use DIN.
Go to Ministry of Corporate Affairs (MCA)’s website to complete and file the RUN form.
All of a company’s aims and the regulations that guide it are set out in the Memorandum of Association and Articles of Association.
You should use SPICe+ form (INC-32) to register a company.
Add the necessary documents and pay all required fees.
You will automatically be given an SPICe+ upon applying with the application.
Visit: www.startupindia.gov.in
Upload your company’s documents, provide a summary of your business, and get DPIIT recognition.
Identity proof (Aadhar Card, PAN Card)
Address proof (utility bills, rent agreement)
Passport-size photographs
DSC and DIN for directors
Company name approval letter
MOA and AOA
Registered office address proof
Income tax does not need to be paid for 3 years.
Companies are expected to certify their actions under 9 labour and 3 environmental laws
Money from banks, and winning government tenders
Users can apply for a patent faster by receiving a 80% discount.
To become a recognised and trustworthy business that won’t face setbacks, you need to register your startup as a company the right way. No matter if you are funding your business or looking for investors, signing up early prevents mistakes at the beginning.
The information provided in this blog is purely for general informational purposes only. While every effort has been made to ensure the accuracy, reliability and completeness of the content presented, we make no representations or warranties of any kind, express or implied, for the same.
We expressly disclaim any and all liability for any loss, damage or injury arising from or in connection with the use of or reliance on this information. This includes, but is not limited to, any direct, indirect, incidental, consequential or punitive damage.
Further, we reserve the right to make changes to the content at any time without prior notice. For specific advice tailored to your situation, we request you to get in touch with us.