List of Legal Documents Required for STARTUP in India | Incorporation Documents for Startup
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List of Legal Documents Required for STARTUP in India | Incorporation Documents for Startup |
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List of legal documents required for startups | By Bhavpreet Singh Soni | Sonisvision legal
A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks are protected by intellectual property rights. This implies that the trademark can be exclusively used by its owner, or licensed to another party for use in return for payment.
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1. Incorporate your Business
The first step involves incorporating your startup as a Partnership firm, a Private Limited Company, or a Limited Liability Partnership. Then, strictly follow the registration regulations, including Incorporation certificate/PAN Number Verification/Partnership registration, etc.
2. Startup Registration India
The second step involves visiting Startup India’s official website and registering for Startup India. Fill the simple form, upload documents to complete the registration process. You will be asked to share an OTP and verify your email to complete the process.
You now get eligible to apply for the following-
Learning and Development Program
Incubator/mentorship programmes
Government Schemes
Website Challenges
Pro-bono Services
State Policies for Startups
3. GST Registration
GST Registration is required on all goods and services except Petroleum products. Goods & Service Tax (GST) is a combined tax, meaning that State and Central Indirect taxes have been merged. As a result, the entire country now operates under a uniform tax system. It replaced service tax, excise, VAT, entertainment tax, luxury tax, octroi, CST etc.
4. DPIIT Recognition
Startups need recognition from the DPIIT – Department for Promotion of Industry and Internal Trade. This step is done once you have completed the entire identity creation process on the website of Startup India. To get the recognition from DPIIT, you need to hit the ‘Dashboard’ button and further hit the ‘DPIIT Recognition’ option if you have an existing profile.
Benefits provided by DPIIT are-
Three years Tax Exemption
Premium level Intellectual Property Services
Effortless Company Winding
Self-certification in Environment & Labor Laws
Funds Access
Investing higher than the Market Value can lead to Tax Exemption.
Public Procurement Norms Relief
5. Application of Recognition
You can see the ‘Recognition Application Detail’ now. On this particular page, you need the ‘View Details’ section. You can find this part just beneath the ‘Registration Details’ category. Now, look for the ‘Startup Recognition Form’ and fill it in carefully. Once you fill the form, verify it once and hit the ‘Submit’ button to proceed further.
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