Start-up Registration Consultants in Chennai

A start-up registration is one of the important steps in setting up a business in India. Every year, thousands of new companies enter the Indian market. These companies can be domestically based or foreign based. In order to register your startup in India, you must first fill out the application for registration. Once you've filled out the application, you will receive a Recognition Number and Certificate of Registration. It's vital to ensure that all of your documents are complete and correct. If something is missing or incomplete, you'll have to pay a fine of up to 50% of your paid-up capital.

Apart from completing the company registration form, you'll also need a partnership deed and proof of residence. The partnership deed should be notarised and stamped. In addition, you'll have to pay 2% stamp duty on it. You'll also need to provide a current bank account for your business.

After you've filled out the application form, you'll need to file your startup registration with the Department for Promotion of Industry and Internal Trade, or DIPP. This body is a government department under the Ministry of Commerce and Industry. This is the official body that approves or disapproves start-up applications. If your startup is approved by the DIPP, you can expect tax benefits to be available to you. However, the tax benefits associated with a start-up can only be claimed when it is registered as a limited liability company. If you're unsure of the legal requirements for your startup registration, it's best to consult a Start-up Registration Consultant in Chennai.

A start-up is a newly-established company that offers a new product or service. The business can be a private limited company, limited liability partnership, or partnership firm. A startup is not allowed to have a turnover above Rs. 100 crores.