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Is it Necessary to Register a Startup in India?


Is it Necessary to Register a Startup in India?

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Once your business has been incorporated, you can begin the process of enlisting it with the Start-up India program. The program offers a variety of benefits to startups that can help them attract investors and grow their businesses. Some of these benefits include tax exemptions, access to government funding and incubation support, and reduced fees for trademark registration.

However, in order to qualify as a startup Register, your business must meet certain criteria. For example, it must be less than ten years old and your company's turnover can't exceed Rs 100 crores. You also must have a scalable business model and a plan to create job opportunities.

The first step is incorporating your business as either a private limited company or an LLP. This requires following the normal procedure for registering a new firm, including getting an incorporation certificate and a PAN number. Once your firm is incorporated, you can apply for startup recognition.

If your business meets the eligibility requirements, you will receive a confirmation from the Department of Promotion and Industrial Entrepreneurship (DPIIT). The RUN platform managed by MCA allows you to check if your chosen name is available and reserve it for 20 days.  You can then use your profile to apply for various challenges and take advantage of government funding. The government has also set up a network that connects entrepreneurs with potential investors.

Moreover, you can take part in startup fests at the national and international level and attend workshops on intellectual property rights. In addition, you can get free patent and trademark registration services through the Startup India portal.

 

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