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Startup Checklist
Get a Quick Overview of Guidelines and Procedures, Links and Resources for Starting a New Business
inIndia. Filter out what is not relevant to your needs and circumstances, and Save Time.
Choose Company Type
Sole Proprietorship
Startup Checklist
Get a Quick Overview of Guidelines and Procedures, Links and Resources for Starting a New Business in
India. Filter out what is not relevant to your needs and circumstances, and Save Time.
Choose Company Type
Partnership
Registering a company as a sole proprietorship is probably the easiest and cheapest form of
registration. Although it is not mandatory to register your company as a sole prop. in India,
it is advisable. For example, if you wish to sell online, you will need to get your company
registered in order to apply for an authorized payment gateway.
You can get your company registered under Sole Prop at your nearest local municipal office.
You need to submit the Shops and Establishment Form to complete your registration plus
an undertaking. The fees depends on your region.
As for the taxes applicable, Service Tax comes into picture once you cross an annual
turnover of 10 lacs. For VAT or CST become applicable after 2 lacs for most states.
For a more detailed look into sole prop, you can check out this blog post that we wrote a
while back: Registering an e-commerce business in India: Sole Proprietorship 101
Written Mar 1, 2013 View Upvotes
Lalit Sharma, Team Member at www.MyOnlineCA.in ( a Jaipur Based Financial & legal
Statartup...
2.1k Views Upvoted by Dev Patel, Daily Interact with Multiple Startup Legal Queries through a Web or
App.
LLP is the best for the Startups in India.. Why Get the Answer
here- LLP is better for Startup
3) As Company
Now you have 2 Opitons