Start-up is a key and buzzing word having made deep inroads into contemporary business domain of India, along with the world. We have witnessed sudden upsurge of start-up steering by young and budding Entrepreneur. Every day at least four start up is born in India.
There is a paradigm shift in developing and promoting start up. Start up is essentially a new entrepreneurial venture that is fast-growing business that aims to meet a marketplace need by developing or offering an innovative product, process or service. A startup is in India is usually a Private Limited company, One man Company, partnership, proprietorship or an organization created to develop business model.
As per government notification, following parameters are laid down to define any entity as Start-up:
Till up to five years from the date of incorporation.
If its turnover does not exceed 25 crores in the last five financial years.
It is working towards innovation, development, deployment, and commercialization of new products, processes, or services driven by technology or intellectual property.
Although the objective of promoting Startup in India is to prevent legal hassle and wide range of compliances for the faster growth and promoting entrepreneurship but word of caution is that such concessions are for limited period. BUT, there is invariable need for legal advisory, solicitation and meeting basis compliances. Equally important is to identify correct legal way to start your dream venture, which may scale to levels that may not be easy to comprehend at the commencement.
Our broad range of services covers:
Advising to choose right way to start, One man Company, partnership, Pvt Ltd, etc
Incorporation and Registration
Drafting Policies, agreements, internal & external
Financial policies & Advising
Cyber law compliances
Licensing and labor law compliances, wherever applicable
White paper of entry and exit of start-up
Financial proposal for Investor