{"id":314879,"date":"2025-11-24T05:34:20","date_gmt":"2025-11-24T05:34:20","guid":{"rendered":"https:\/\/peraltafinancing.com\/uncategorized\/basic-legal-compliances-that-every-startup-should-know-by-shonottra-kumar-nyaaya\/"},"modified":"2025-11-24T05:34:20","modified_gmt":"2025-11-24T05:34:20","slug":"basic-legal-compliances-that-every-startup-should-know-by-shonottra-kumar-nyaaya","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=314879","title":{"rendered":"Basic Legal Compliances That Every Startup Should Know | by Shonottra Kumar | Nyaaya"},"content":{"rendered":"


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Many social and technological advancements in recent years are owed to the boom of the startup culture. Be it Flipkart, Swiggy or even Urban Company, tech-based startups have simplified tedious processes by making them directly accessible at your fingertips.<\/p>\n

On the occasion of National Technology Day<\/strong>, as we celebrate these new-age startups and their contribution to the Indian economy, it is important for us to know the provisions of the legal system supporting the same. What are the laws that need to be followed? Is having a website or an app enough or does the same have to be registered? Are there any special government schemes available for startups?<\/p>\n

If you have a great idea and are leaning towards materialising your own startup dreams, here are some of the legal compliances and regulations that you need to be aware of.<\/p>\n

Choosing the type of business<\/h2>\n

To start off, it is important to understand the type of company you are starting.Is it a sole proprietorship, a partnership firm, a limited liability partnership (LLP), or a private limited company.<\/p>\n

Each of these types of structure has its own set of rules and regulations that determine registration, taxation, licensing, etc. For example, registration for sole proprietors is not required, it is optional for partnership firms, but mandatory for LLPs and private limited companies.<\/p>\n

Please note that under the Indian law, only a private limited company, partnership firm, or LLP can be considered as a startup.<\/strong><\/p>\n

Registering your startup<\/h2>\n

Before commencing operations, it is important for you to register your startup as a legitimate business. Depending on the kind of business you are setting up, you must follow the required registration procedure like obtaining a certificate of incorporation or partnership registration, as the case may be.<\/p>\n

Registering with \u2018Startup India\u2019<\/h2>\n

The Government of India launched a scheme called \u2018Startup India\u2019<\/strong> for the promotion of innovation and a robust startup ecosystem in the country. Registering with this initiative allows you to claim many benefits like tax exemptions that could help you boost your business in its initial stages.<\/p>\n

Your startup would be eligible to register with this government initiative if:<\/strong><\/p>\n