First and foremost, select a name for your business and make it a legal entity. If the name gets approved better book a domain name under the same (that too at the earliest possible). To start a start-up business from scratch you need to follow a process.
Register your start-up business
1. Decide and lock on the name of the registering name of the company
2. Apply for A DIN (Director Identification Number) and DSC (Digital Signature Certificate)
3. Company Incorporation
4. Apply for PAN/ TAN
If this is a sole proprietorship business there is no need to register the business, instead, make sure that the proper licence is acquired from the governing bodies.
How to Register a Company in India?
company in India is now a simple 4-step process. Here is what you will need to
Digital Signature Certificate (DSC)
ii. A Director Identification Number
iii. Registration on the MCA Portal or
New user registration
iv. Certificate of Incorporation
helps. If you still need assistance or guidance with regard to registering your
company, just let us know and our team of experts will be there to guide you
If you still require assistance or guidance with regard to registering
your company, just let us know and our team of experts will be there to guide
you through it for a nominal fee. Please do call Rushabh Vora at +91 9619776461
or e-mail at firstname.lastname@example.org.
Every entrepreneur dreams of operating on the business idea he or she sees potential in. Yes, for a profit. However, it is not so as easy to set up one’s shop. There are rules and legal compliances to be met. Not only is it necessary to register your entity but it is critical that all the norms are met, for your functional ease. This organised legal entity or the so-called company that can possess property, sign documents and take legal actions.
Here is why you should register your company
liability of the owners
Members of a company are not personally
responsible for the debts of the business under the company’s name. Thus,
creditors cannot claim the personal assets of the members.
A company exists independent of its members.
So, if a co-owner dies or wishes to sell his share, the company would still
continue to exist.
in the Income Tax
Companies often have many tax advantages such
as savings on self-employment taxes, deductibility of various insurances like
life insurance, health insurance, etc.
Forming a company establishes credibility
within the business circle. It is more prestigious and trustworthy.
It is easier to raise capital in a company through the sale of stock or by borrowing money.
What are the challenges you will face?
Forming a company comes many responsibilities
such as holding and documenting records, issuing shares of stock to the
holders, organizing meetings of director and shareholders, etc. which needs a
fair amount of management and skills.
Along with the fees paid during the inception of the company, there are many ongoing dues, such as filing an annual report, franchise tax, etc. from time to time. One needs some amount of money aside to keep it rolling in the business.