How to register a start-up in India

To register a start-up in India, you must know a few things. You have to be a major person, of sound mind and you must not be insolvent.
Then you’ll have to decide which form of business you want to enter. Let us discuss the procedure.
Sole proprietorship business:
1. Get a trade license in your name.
2. Get a VAT, ST, PT, PAN registration as applicable.
3. Register the product in your name.
Partnership Firm:
1. Get a partnership deed in the name of all partners, duly signed under legal requirements.
2. Name the firm and get a trade license.
3. Get the tax registrations.
4. Register the product in the name of the partnership firm.
Limited Liability Partnership:
1. Get a Director Identification number of all the partners.
2. Register the LLP with the Registrar of Companies (ROC).
3. Get the tax registrations.
4. Get the product registered.
Private Limited Company:
The procedure is same as an LLP. But you will need a Memorandum of Association and Articles of Association.
Public Limited Company:
The procedure is same as of Private Limited. The number of Directors and the authorized capital will increase. So will the number of compliance.
This has been originally answered by me on quora.
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About Abhisek

Creative Writer, Blogger, Traveler, Finance Professional
This entry was posted in business and tagged , , , , . Bookmark the permalink.

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