A startup is a newly formed business or an enterprise, often small, created by an individual or a group of individuals. Startups stand apart from other emerging companies because they provide a unique product or service that you can’t find anywhere else. New products and services are created or improved upon, depending on what the company decides to do.
The Government of India, under the leadership of PM Narendra Modi, has started and promoted the Startup India initiative to develop the Indian economy, recognize and promote startups and attract talented entrepreneurs. that’s how to register startup at low in kochi, you can visit Taxgaadi for lowest cost.
For everything to go successfully, you’ll need a plan and a procedure list, here are the following actions.
1. Make sure your concept is feasible
So, you’ve come up with a solution to a market problem. That’s good, but how realistic is it? Is it going to solve a problem that your target audience cares about? What is your projected income at the beginning? All of these should be evident to you and your team, and you should have a plan in place to move forward, with TAXgaadi
2. Prepare your business plan
You should have a business plan ready before you start your operations. It should include the following items:
- Opportunity and Market Descriptions for the Company
- Strategy
- Management and Organization
- Business Models
- Financial Plan
- Marketing Plan
- Operational Plan
With a business plan, you will be able to gain a complete understanding of how your business will operate. Additionally, it will help you when you present your business idea to others.
3. Select the appropriate business structure
You can choose the correct business structure depending on how you wish to scale your business. We have already explained all the types of business structures in India.
4. Seek out funds
To survive as a startup, you’ll need a lot of money to start. Searching for money can be done in a variety of ways. Angel Investors, Venture Capital, and Bank Loans are a few of the most significant ones to attempt.
5. Register your business
The next step is to register your business using the steps we have covered earlier.
6. Enrol in the startup India program
You can register your firm on the Startup India website and take advantage of many of the Indian government’s programs. The definition of a startup was altered by the Indian government in 2017, and the total age limit for startups was raised from five to seven years. Being a part of the Startup India program would make it easier for you to secure funding.
7. Inventive characteristics
Your startup must have a distinct name, logo, and other creative assets. Make sure you have all of the essential intellectual property rights to safeguard them. Obtaining a trademark for your logo, as well as having a domain name for your brand, are a few examples.
8. Establish a strong online presence
You cannot ignore the importance of establishing a strong online presence in the 21st century. You must have an eye-catching website that portrays what your company is all about. In addition, it should provide an overview of what you do and how it benefits your clients.
9. Set up a good work environment
For any business, having an office space is essential. If you are just starting, a home office may be appropriate depending on the type of business. However, when your firm grows, you can move into a coworking space or a business center to receive a proper workplace.
If you are planning to setup a private limited company in Jammu, Kashmir, UT Ladakh, here we have provided all the requirements laid by Registrar of companies (RoC) along with step by step process for registration of private limited company in Jammu, Kashmir, UT Ladakh including fees, capital requirements, documents required, requirement of minimum number of members and directors, process for registration of name, etc.
How to register a startup in India? Lucknow, Uttar Pradesh
BEFORE WE Procced for Startup Business Registration, first we need to understand What is Startup as per Government Startup India Scheme
Startup means an entity, incorporated or registered in India not prior to ten ( previously 5 or 7 years) years, with annual turnover not exceeding INR 100 crore ( previously 25 crores) in any preceding financial year, working towards innovation, development, deployment or commercialization of new products, processes or services driven by technology or intellectual property. Provided that such entity is not formed by splitting up, or reconstruction, of a business already in existence. Provided also that an entity shall cease to be a Startup if its turnover for the previous financial years has exceeded INR 100 crore or it has completed 10 years from the date of incorporation/ registration. Provided further that a Startup shall be eligible for tax benefits only after it has obtained certification from the Inter-Ministerial Board, setup for such purpose.
Startup India is a flagship initiative of the Government of India, intended to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.
What is the Startup India Initiative?
Launched on 16th January, 2016, the Startup India Initiative has rolled out several programs with the objective of supporting entrepreneurs, building a robust startup ecosystem and transforming India into a country of job creators instead of job seekers. These programs are managed by a dedicated Startup India Team, which reports to the Department for Industrial Policy and Promotion (DPIIT).
ONLY 4 TYPE OF BUSINESS ORGANISATION IS ELIGIBLE TO APPLY FOR STARTUP RECOGNITION Subject to Fulfilment of other Terms and conditions
A) PRIVATE LIMITED COMPANY
B) ONE PERSON COMPANY (OPC)
C) LIMITED LIABILITY PARTNERSHIP (LLP)
D) REGISTERED PARTNERSHIP FIRM
A Private Limited Company, OPC and LLP is registered with Registrar of Companies under Ministry of Corporate Affair.
Registration Process?
Step 1 – Hire a Consultants ( FinTax or any other CA or CS )
Your right Consultants will Assist you for complete registration from initial to end.
Documents Requirement?
For All Directors/Shareholders
1) Photo, Email ID , Mobile No., PAN Card, Aadhar Card
2) Any one ID Proof Voter ID / Driving License / Passport
3) Address Proof – Latest Bank Statement / Mobile Bill/Telephone bill/ electricity bill
4) Company Registered Address proof – Mobile Bill/Telephone bill/ electricity bill / Any Utility Bill and NOC from Owner.
It is not necessary that all Directors address should in same state wherein company’s registered address is proposed.
Next Step – Apply for DSC ( Digital Signatures) for all Director/Shareholders (if you do not have)
Step 3: File Name Approval of the Company or Direct File Incorporation
In 2-3 days you get Incorporation Certificate along with PAN, TAN, AOA and MOA
* In case of LLP Partnership Deed is mandatory to registered with MCA, Hence AOA and MOA is not application in that case. LLP Formation takes 7-10 extra working days for Deed Registration and Pan card
WHEREAS , a Partnership Firm has to be registered with Office of the Registrar of Firm or in few states Sub Registrar Office
Firm Registration Step
1. Prepare Partnership Deed and Notarised. Buy Stamp papers value as per capital Contribution. For example if Capital is Rs 100000 and Stamp duty is 2%, then stamp paper value not less than Rs 2,000/- for partnership deed.
2. Apply PAN Card
3. Apply for Firm Registration with Authority
Whole process takes hardly 5-15 working days depending Registration state
YOU get Firm Registration Certificate once approved.
NOW NEXT STEP YOU CAN MOVE FOR STARTUP INDIA RECOGNITION
Once your business get recognition certificate from DPIIT, you are termed as Startup Company.
Startup India Registration Fees? Lucknow, Uttar Pradesh
There is no Govt. fee for Startup India. You can itself apply if you are strong in Writeup preparation and have professional skill understanding startup ecosystem. OTHERWISE Hire a Right Consultant for 100% Success.
WHAT ARE THE VARIOUS BENEFITS OF STARTUP RECOGNITION
WHAT ARE THE VARIOUS DOCUMENTS REQUIREMENT FOR STARTUP RECOGNITION
How to apply for DIPP no ? Lucknow, Uttar Pradesh
Follow Below Steps
Step 1: Open Startupindia portal and register yourself with Email ID and Mobile No
Step 2: Fillup Profile Page 100%.
Step 3: Then Apply for Startup recognition
It takes average 2-7 workings days to get Approval or any Objection or rejection. Once its is Approved, Startup Recognition certificate is email to your registered Email ID by Department. And If there is any Objection or Rejection, you will get a communication mail.
DO NOT TAKE RISK OF REJECTION – HIRE FINTAX CONSULTANTS FOR 100% SUCCESS
Startup Eligibility Criteria for Startup Registration (DPIIT) in Lucknow
- Company Age- Period of existence and operations should not be exceeding 10 years from the Date of Incorporation.
- Company Type– Incorporated as a Private Limited Company in Lucknow, a Registered Partnership Firm, or a Limited Liability Partnership in Lucknow.
- Annual Turnover- an annual turnover not exceeding Rs. 100 crore for any of the financial years.
- New Entity- The entity should not have been formed by splitting up or reconstructing an already existing business.
- Innovative and Commercially Scalable- They should work towards the development or improvement of a product. The process or service and/or have a scalable business model with high potential for the creation of wealth & employment.
Benefits of “Startup India” Registration in Lucknow:-
- Self Certification: The Startups may self-certify compliance in respect of six Labour Laws.
- Easy Winding Up of Company: Within 90 days under insolvency & Bankruptcy code 2016.
- Start-up Patent Application and IPR Protection: Fast Track and up to 80% rebate in filing patents in Lucknow. Also, Fees for Trademark registration gets half in Lucknow.
- Easier Public Procurement Norms: Exemption on EMD and minimum requirements.
- Tax Exemption (Only to few startups): The Inter-Ministerial Board validates Startups for granting tax-related benefits under Section 80-IAC and Section 56 of theIncome Tax Act.
How to Register Startup India (DPIIT) in Lucknow
Step 1. Business Incorporation–
The first step is to register your business as a private limited company or a limited liability partnership or a Partnership firm.
Step 2. Register with Startup India –
Then you need to register your firm or company as a startup in the Startup India scheme
Step 3. Documents required to be uploaded–
You only need a letter of recommendation along with the Registration Form. This letter you will get from any of the following-
- A recommendation letter from an Incubator. He should be known in a post-graduate college in India in a format approved by the DIPP. This is regarding the innovative nature of the business; OR
- A recommendation letter from an incubator that the Government of India funds as part of any specified scheme to promote innovation; OR
- A letter from any of the Incubators recognized by the Government of India, in DIPP format.
- A letter of funding not less than 20% in equity, by an Incubation Fund, Private Equity Fund, Angel Fund, Accelerator, Private Equity Fund, registered with SEBI that endorses the innovative nature of business; OR
- A recommendation letter by the Central or any State Government of India; OR
- A patent filed and published in the Journal of Indian Patent Office in areas affiliated with the nature of the business being promoted.
Registration/Incorporation Certificate also needs to be uploaded. Further, also, you need to explain in brief about your business.
Step 4. Need to mention whether you want to avail of tax Exemption or not-
Startup companies do not have to pay income tax for the first three years. To avail of such benefits, the company must be certified by the Inter-Ministerial Board (IMB). This is where companies registered with DIPP and get relaxation. Because the registration is enough to get the benefits.
Step 5. Self Certifications of the eligibility criteria-
- Enrolled as a Private limited company, an LLP, or a partnership firm.
- Your business must be incorporated or registered in India, not before 5 years.
- Your company’s turnover must not be more than Rs 100 crore.
- Startup must help in boosting the economy of India.
- Business must not be reconstructed by splitting/merging.
Step 6. Get your Recognition Number immediately–
On applying you will immediately get a Recognition Number. The Certificate of registration will be given to you once the authority checks and approves the uploaded documents.
Please note- While uploading the documents one needs to be very careful as if there is any discrepancy regarding the uploaded documents. Otherwise, you shall be liable to a fine of 50% of your paid-up capital of the startup. Along with that a minimum fine of Rs. 25,000.
Step 7. Patents, Trademark and Designs Registration in India
If you need to register your invention and want to get it patented. Then you need to protect your brand/logo through trademark registration. After that, you can avail of the government grant provided under the scheme. Also, this is where you will be provided 80% reduction in the government fee.
