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- For protecting the brand name
- Avoid Infringement
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- Hassle-Free Process
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Introduction
A startup is a business formed by a few people to solve problems in their industry. It usually begins when the founders of an existing company want to fix issues in that company’s way of doing things. Sometimes, startups are created when people have a great idea or believe they can offer better services than what’s currently available. Registering a startup is a way to make it official.
Benefits Obtained from DPIIT
Startups registered with DPIIT can enjoy various advantages under the Startup India Registration Scheme:
Definition of Startup
A company qualifies as a startup and can get benefits from DPIIT if it meets these requirements:
Benefits of Start-up India Registration
Eligibility Criteria for Start-up Registration in India
- Private Limited Company under Companies Act, 2013
- Limited Liability Partnership under the Limited Liability Partnership Act, 2008
- Partnership Firm under the Partnership Act, 1932
- The business turnover does not exceed 25 crores for any financial year since incorporation.
- The business is working towards innovation, development, processes or improvement of products and services, or if it is a scalable business model with high ability for employment generation etc.
- Any business will be termed under the definition of a Start-up is for a period of 7 years only from the due date of its incorporation/registration. While in the case of a Start-up in the sector of Bio-technology, the period shall be up to 10 years from the date of its registration.
- The business will be recognized as Start-up is for a period of seven years from the date of its registration; moreover, if Start-ups deals in the biotechnology sector, the period shall be up to 10 years from the date of its registration.
Documents required for Startup India Registration
Steps to Register Your Startup
1. Incorporate your Business
2. Register with Startup India
3. Get DPIIT Recognition
4. Recognition Application
5. Recognition Number
FAQs on Startup India Registration
When choosing a business name, make sure it’s unique, not already in use by another business in your state, and relevant to your industry. It should also be easy to remember and spell. You can check name availability with your local business registration office.
Yes, you can use your personal name for your business, especially if you’re a sole proprietor. However, if you want to operate under a different name, you may need to register a “doing business as” (DBA) or trade name.
A DBA (Doing Business As) or trade name is a fictitious name that you use to conduct business instead of your legal business name. It’s often required when your business name differs from your own name or the registered name of your business entity.
To register your business name, you will typically need to file a registration form with your state or local government. The exact process and requirements can vary by location, so check with your local business registration office for specific instructions.
While it’s not mandatory to hire a lawyer, consulting with one can be beneficial, especially if you’re unsure about the legal requirements or the best business structure for your needs. Many entrepreneurs choose to work with attorneys to ensure compliance and protection.
Yes, there are often fees associated with business registration, including filing fees, license fees, and annual renewal fees. These fees vary depending on your location and business type.
Yes, there are often fees associated with business registration, including filing fees, license fees, and annual renewal fees. These fees vary depending on your location and business type.