Corpseed: Get Started Correctly with Startup India Registration
Here's a breakdown of how to correctly get started with Startup India registration and leverage the benefits this initiative offers:
Understanding Startup India
Purpose: The Startup India scheme aims to foster an environment of innovation and entrepreneurship in India. Benefits: Tax exemptions Easier compliance processes Intellectual property protection support Funding opportunities Networking and mentorship access Eligibility Criteria
Legal Entity: Your business must be registered in India as a Private Limited Company, Partnership Firm, or Limited Liability Partnership (LLP). Age: The business should be in operation for no longer than ten years from its incorporation date. Turnover: Annual turnover must not exceed 100 crores INR in any of the prior financial years. Innovation: Your business must be focused on developing new products, services, or processes, or significantly improving existing ones.