Startup focussed on building unique solution that deliver customer delight. It should have a good understanding about the rules and laws applicable for smooth running of the business.

Registering your startup

Before commencing operations, it is important for you to register your startup as a legitimate business. Depending on the kind of business you are setting up, you must follow the required registration procedure like obtaining a certificate of incorporation or partnership registration, as the case may be.

Registering with ‘Startup India’

The Government of India launched a scheme called ‘Startup India’ for the promotion of innovation and a robust startup ecosystem in the country. Registering with this initiative allows you to claim many benefits like tax exemptions that could help you boost your business in its initial stages.

Your startup would be eligible to register with this government initiative if:

Founding agreements and employee contracts

If you are starting a business with other partners, it is advisable to make a founding agreement that has details of the roles and responsibilities of each founder, along with other operational details such as compensation, non-compete, contingency plans in cases of disagreements, etc. Such agreements help companies have clarity in management, allowing you to scale your business.