Start-up Registration Consultants in Chennai

There are several benefits of hiring Start-up Registration Consultants in Chennai. First of all, they will ensure that your business is properly registered. Start-ups can claim benefits under the Start-up Tax Act and the Income Tax Act. However, there are certain rules and procedures that should be followed when hiring a Start-up Registration Consultant.

Start-ups must be validated by the Inter-Ministerial Board for tax benefits. After they have been validated, they need to register as a private limited company, limited liability partnership, or partnership firm. The registration process may take seven to ten days, depending on the documents. To avoid delays, entrepreneurs should first understand the basics of business registration.

After finding a suitable business idea, they should then research the market and find investors. They should also decide on the type of business entity they want to register. A company or a partnership should have a DPIIT recognition certificate, which is an important document. Moreover, the registration process can be complicated and costly.

In India, the most popular legal entity to form a company is the private limited company. This structure is the default choice for many large companies. It offers limited liability and helps them raise funds from venture capitalist firms and angel investors. In addition, it is easier to obtain bank loans. The limited liability feature of a business protects the personal assets of the shareholders from being seized by creditors.