Startup Registration Consultants in Chennai
Startup Registration is the process of registering a new company in India. It can be time-consuming, confusing, and expensive. A Startup Registration Consultant in Chennai can help you complete this process quickly and accurately. A Consultant can also help you apply for government grants and subsidies. Some of these grants and subsidies include Stand Up India Scheme, Credit Link Capital Subsidy Scheme, and National Small Industries Corporation Subsidy.
The most common legal entity for starting a business in India is a private limited company. Many large companies begin as private limited companies. The limited liability structure of a private company allows it to attract venture capitalists and angel investors. Private limited companies require at least two partners. The company can also include family members on paper. Another similar legal entity is an OPC. These companies have fewer requirements for the business structure, but have lower capital requirements.
If you are registering a partnership company, you will need to provide proof of your residential address and ownership of the business. In addition to this, your partnership deed must be notarised and stamped. You must pay 2% stamp duty on the partnership deed and stamp paper with a value of Rs. 2,000. You'll also need to provide a current bank account for your business.
Before you apply for startup recognition, you must first get a valid company registration certificate. This is required to claim tax benefits. After that, you must register your company as a private limited company, a limited liability partnership, or a partnership firm. You must also submit a letter of recognition from a recognized incubator. Moreover, you must submit a patent published in the Indian Patent Office, along with the incorporation certificate. You should also be prepared to provide a brief explanation of your business.
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