Startup Registration Consultants in Chennai

While you are setting up a business, there are several important steps to take. These include conducting market research, obtaining investors and deciding on the type of company to form. There are different types of companies, including sole proprietorship, partnership, limited liability company and others. The right startup registration consultant in Chennai will help you with each step of the process.

After identifying your startup's needs, you can proceed to the next stage, which is registration. Firstly, you must register the company with the Department of Industrial Promotion and Export Promotion (DIPP). Once you have this, you can apply for tax benefits. The next step in the process is to submit documentation, including a partnership deed. This should be stamped and notarized. It should also have a value of Rs 2,000. Additionally, you will need a DPIIT recognition certificate.

A Startup is a newly-formed business that is not ten years old. It is an entity with less than a hundred million in annual revenue that is either developing a new product or redeveloping an existing product. It can be a private limited company, partnership firm or an LLP. It is able to receive Startup benefits for up to ten years, but cannot have an annual turnover of more than one hundred crores.

In India, the most popular legal entity for starting a company is the private limited company. Many big companies begin with a private limited company and can raise funds from venture capitalists or angel investors. This structure provides limited liability for the company, making it easier to obtain bank loans. Additionally, the limited liability nature of the company protects the personal assets of shareholders from the company's creditors.