Is it Necessary to Register a Start-up in India?


Is it Necessary to Register a Startup in India?

"Call Our Business Plan Experts at +91-72999-72500"


A startup is a company in its early stages of operations, where the founders believe that their product or service has a high potential to make money and grow quickly. They are usually self-funded until they reach a certain growth stage, after which they look to attract financial interest from outside investors. Usually, this is in exchange for a share of the company.

To qualify as a Register startup, the firm must have a turnover of less than Rs 100 crore and be working towards innovation, development or improvement of products, processes, services or scalable business models with a high potential to create employment and wealth in India. The firm should also have a clear plan for growth and the ability to take up risks. The company must not have been involved in the splitting up or reconstruction of existing businesses.

It is also important to register a startup in India, as it allows for a wide range of tax benefits. For example, startups registered with the government receive free legal help and simplified entry and exit norms. They are also exempted from capital gains taxes, which are the taxes a company pays when it sells its shares and other assets.

In addition to this, startup registration in India provides the opportunity to secure a unique name for your business, which is vital for brand recognition and marketing purposes. The RUN platform managed by MCA allows you to check if your chosen name is available and reserve it for 20 days. It is essential to choose a name that aligns with your vision and goals for your business.

 

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