Startup Registration Delhi

START-UP:

A startup business is a newly established company, typically in its early stage of operation. These businesses are usually founded by one or more entrepreneurs aiming to develop a unique product or services and bring it to market. Startups often focus on innovation and scalability, with the goal of rapidly growing their customer base and revenue. They are often characterized by their quest for a scalable and repeatable business model and tend to operate in industries such as technology, biotechnology, and other high growth sectors. Startup frequently seek funding from venture capitalists, angel investors, or crowd funding to fuel their growth and development.

General outline of the registration process:

1. Business idea or plan: Develop a clear business idea and create a detailed business plan.
2. Choose a business structure: Decide on the legal structure of your startup.
3. Business name: Choose unique name for your startup.
4. Register the business name: Register your business name with the appropriate government agency.
5. Apply for an Employer Identification Number (EIN): In many countries , you need an EIN or equivalent for tax purposes.
6. Open bank account of business: Open separate business account.
7. Register for local business taxes
8. Prepare organizational documents
9. Protect Intellectual Property
10. Compliances with labour laws
11. Register for taxes
12. Licenses and permits

The objectives of Startup are

Enhanced infrastructure
IPR facilitation
Increase funding opportunities
Better regulatory environment, include tax benefits, improvement in setting up of business entity, easier compliances and more.

Eligibility Criteria

Incorporation and age: The business must be registered as private limited company, register partnership firm, or a limited liability partnership in India. It should not older than 10 years from the date of incorporation.
Annual turnover: The annual turnover of the business should not exceed INR 100 crore in any financial year from incorporation.
Innovative and scalability:3. Innovation and Scalability: The business must work towards innovation, development, or improvement of products, processes, or services, or if it is a scalable business model with a high potential for employment generation or wealth creation.
Original Entity: The business should not have been formed by splitting up or reconstructing an already existing business.
Approval: To get benefits under the Startup India initiative, the entity must be recognized as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Application Process: The entity needs to submit an online application along with documents such as a Certificate of Incorporation/Registration, a description of the business detailing the innovative nature of products/services, and any relevant documentation supporting the entity's claims.

These conditions ensure that the startups receiving benefits are new, innovative venture that contribute to economic grow and employment.