Starting a business, starting a start-up, creating a company, there are many things we need to know before starting a company. Creating a company involves several important steps.
✅ Finding Perfect Name. link
Starting with selecting a suitable name for your business and brand. It is essential to ensure that another entity does not already have a trademark on the chosen name. To verify this, you can visit the IP India website.
✅ Registration & GST. link
Once you have finalized your company name, the next step is to apply for Goods and Services Tax (GST) registration. You can complete this process independently or with the assistance of a Chartered Accountant (CA). When applying for GST, you must specify the nature of your business.
✔ For instance, if you are operating as a sole proprietor, you would register as a proprietorship.
✔ Conversely, if your business involves two or more individuals, a partnership designation would be appropriate.
✔ Should you plan to seek funding in the future, it would be prudent to consider forming a private limited company or a limited liability partnership.
✅ Company & Trademark Registration. link & link
Additionally, you may wish to register your company formally, which requires further communication with a CA or legal advisor. To safeguard your brand name, it is advisable to pursue trademark registration. This can be done through the official trademark registration website, and you may again choose to engage a CA, legal advocate, or handle the application process yourself.