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Private Limited Com./ LLP / Partnership Firm
Registered for not more than 10 years
Turnover does not exceed Rs. 100 crore
The company should not be more than 10 years old.
The company has to be incorporated as a private company, partnership firm, or limited liability company.
The annual turnover of the company must not exceed 100 crores.
The entity should be original and not emerged from splitting up or renovating the existing enterprise.
The business model of a startup must be scalable, and it should focus on developing or improving the product or services.
Startups get self-certified compliances for 6 labour laws and 3 environmental laws.
In labour laws, no inspections will be conducted for a period of 5 years. Startups may be inspected only on receipt of credible and verifiable complaint of violation, filed in writing and approved by at least one level senior to the inspecting officer.
In environmental laws, startups can self-certify compliance if they are designated under the 'white category defined by the Central Pollution Control Board (CPCB). A random inspection is conducted to assess the pollution control management of the startup company.
Startup India is a flagship initiative of the Government of India, intended to boost startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India.
For availing benefits under the Startup India scheme, an entity should be recognized by DIPP as a startup. The advantages are mentioned below: 1. Self-Certification: Gaining self-certification & compliance according to 3 Environmental and 6 Labour Laws 2. Tax Exemption: Income Tax exemption for 3 years and exemption on capital and investments above fair market value. 3. Company can close down easily: According to Insolvency & Bankruptcy Code, 2016, this can be done in 90 days 4. IPR Protection and Startup Patent application: Advantage of Fast track patent application 5. Seamless Public Procurement Norms: Can get exemption from the demand of earnest money deposit, prior turnover and experience requirements in govt. tenders
The startup is the face of innovation that focuses on solving the core problem of customers. Startups come to existence for improvising the current process and structure of products and services industries. Startup companies offers new direction to the way people consume a particular service or commodity.
It is an entity that holds its headquarters in India, and has been laid down less than 10 years ago and holds an annual turnover of less than 100 crores.
Generally, small businesses can take at least 2-3 years to earn profits and they become successful only when they have completed 7-10 years. Overnight success is a bit difficult.
If all the documents are in place, the work will get done in 15 days. However, it depends on the workload of the registrar.
Any individual/company/LLP can become a partner. Although, only an individual can get the status of a ‘designated partner’ in an LLP.
Requirements for Startup Registration - Checking the Company Name Availability, Acquiring a Director Identification Number (DIN), Acquiring a Digital Signature Certificate, Obtaining an Incorporation Certificate, Creating a Company Seal for official documentation, Stamping of all Company Documents, Acquiring a Permanent Account Number (PAN), Acquiring a Tax Account Number (TAN), Obtaining a certificate from the State/Municipal Inspector under the Shops and Establishment Act, Applying for GST Registration, Obtaining a Profession Tax Certificate from the State Profession Tax Office, Completing a National Employees’ Provident Fund Registration.
We would give this question a big ‘yes’, especially in early start-up days. The reason us that various compliances apply to LLPs only after their turnover becomes sizable. Any LLP would spend the half the amount as compared to a Private Ltd. company in the first year on paperwork and compliances.
First of all, our team completes the entire process in less than 10 days because of its skills and knowledge. Also, working with the best talents of the market, we closely keep a tab on all the amendments made to various laws. We also make it a point to keep you updated with all kinds of compliances. We also inform you about all the requirements on time.
To magnify our results and facilitate the ease of doing business, we always try to work with
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Let our consumers’ reviews shed a little more light on our services!
You can forget about all compliance once you choose Ease2Bizz. They have prompt and professional services, I will definitely recommend it to others.
I literally had my company registered in 5 days. I couldn't have been any more satisfied.
Highly professional services, I will recommend to everyone!
Highly professional services, I will recommend to everyone! They have commendable services, I really loved their work.
For the past few years, I was having issues focusing on my core business. Then Ease2Bizz helped me with my focus and now we are not only growing but more importantly working with our ideal clients!