How to Start Your Startup in India

Business


Are You an intellectual person with a great business idea? you badly want to pursue this idea and want it to grow in a big business some day? Do you want to monetize and earn large revenues from it someday? Well here i have explained how you can achieve it.


Step 1 :
First step from legal perspective is to determine what you are trying to make. You can form a partnership, or a limited liability partnership or incorporate a private company or a public company. 


BasisCompanyPartnershipLimited Liability Partnership (LLP)
Number of Members/ Partners
In case of One Person Company – 1; ,
In case of Private Company– 2 (minimum) and 200 (maximum); and

In case of Public Company– 7 (minimum) and unlimited (maximum)
Minimum 2 and Maximum 20
Minimum 2 partners and there is no limitation of maximum number of partners.
is a Separate Legal Entity
YESNOYES
Perpetual Succession (Uninterrupted Existence)
Enjoys the benefit of perpetual succession, members may come and go but the company exists.
Exists as per the will of the partners. Does not enjoy perpetual succession.
Enjoys perpetual succession, partners may come and go, but the LLP exists.
Cost of Formation
High
Low
Medium




Summary

STEPSPROCESSTIMELINES
Step 1Identification of members and directors of the proposed company.-
Step 2Obtain Digital Signature Certificate (Class II DSC) of all the proposed subscriber/directors. They shall be digitally signing the incorporation forms.2 days
Step 3Apply for reservation of name of the company in Form INC-1, for approval from the Registrar of Companies.1 day
Step 4Arrange all the requisite documents1-2 days
Step 5Attach the requisite documents with the form INC-32;
Fill forms INC-33 (E-MOA) and INC-34 (E-AOA) and file the forms electronically on the MCA portal with the requisite fee.
The Registrar, after verifying and scrutinising the forms, shall issue the certificate of Incorporation within 48 hours of filing of the forms, subject to its satisfaction.



We at sapricami can help with technical issues and development in case your startup is a IT startup. We ll take responsibility of website, ecommerce and any other technical concerns while you engage yourself in real business. Contact us for quote.


Posted: 18-May-2017
Tags: Business

Ankur Singh

I am a Fullstack Developer. I have experience in developing a large number of websites, for various companies and starups.



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