Company Registration in USA from India

Apr 12, 2024
Private Limited Company vs. Limited Liability Partnerships

In recent years, there has been a discernible shift among Indian entrepreneurs towards incorporating their companies in the United States. The surge in Indian startups seeking investment from U.S. sources has contributed significantly to this inclination to establish a foothold in the American market.

This trend is driven by several factors, including access to a larger pool of venture capital and angel investors in the U.S., as well as the desire to tap into the vast market potential.

The essentials of US Incorporations - documents, eligibility and process.

In today’s blog, we'll explore the essentials of U.S. incorporations, covering essential factors and offering insightful guidance on navigating cross-border requirements.

Table of Contents

Benefits of USA Company Registration

It is highly advisable to go for U.S. incorporation when aiming to raise capital from U.S. investors or penetrate the U.S. market with product sales. Beyond the inherent credibility associated with a U.S. business entity, it instills investor confidence and aligns with U.S. regulatory expectations.

  • It boasts a thriving and a diverse business ecosystem, providing access to a vast market, diverse consumer base, and a network of established businesses and startups.
  • Companies incorporated in the U.S. often find it easier to attract investment, whether through venture capital, private equity, or public markets.
  • It is home to renowned innovation hubs such as Silicon Valley, which fosters creativity, collaboration, and technological advancement. This can be especially beneficial for tech startups and businesses in emerging industries.
  • It offers a relatively straightforward process for business incorporation. Many states, like Delaware, have business-friendly regulations and efficient online platforms that facilitate the setup and management of companies.
  • While the U.S. tax system is complex, businesses may find advantages in various tax incentives and deductions, especially if structured as certain types of corporations.
  • It can serve as a strategic base for international expansion, providing a gateway to both North American and global markets.

Types for Company Registration in USA from India

The United States offers several types of legal structures for businesses, each with its own characteristics and implications. Here are some of the most common types:

•  Single-Person Businesses

•  S Corporations

•  C- Corporations (C-Corp)

•  Limited Liability Companies (LLCs)

•  Non-profit Organizations

Regarding U.S. business structures, two predominant forms of incorporation stand out: Limited Liability Companies (LLCs) and C-Corporations (C-Corps). These structures offer distinct features tailored to diverse business needs and goals.

  • If you want lower compliance and small franchise fees: An LLC may be a suitable choice, especially for small businesses or startups with simpler structures and a desire for reduced administrative burdens.
  • If you want to raise funds: If the goal is to attract external investment, issue stock, or go public in the future, a C Corporation is often more attractive to investors and provides the necessary flexibility for these activities.

Minimum Requirements to register a company in the U.S.

To register a company in the U.S., several essential criteria must be met.

  • Minimum Number of Individuals:
    At least one person is required to register a company in the U.S. This person can act as the sole owner or be part of a group of owners (members or shareholders), depending on the chosen business structure (e.g., LLC, corporation).
  • Registered Agent in Delaware:
    If choosing to register the company in Delaware, having a registered agent in the state is a legal requirement. The registered agent is a person or entity designated to receive legal documents, official correspondence, and other important information on behalf of the company.
  • U.S. Address:
    A U.S. address is required for official correspondence and legal purposes. This address can be either a physical location (such as a brick-and-mortar office) or a virtual address, depending on the nature of the business and the chosen state of registration.

Documents required for U.S. Incorporation

A succinct breakdown of the documents needed for the initial stages of business registration.

  • Name Approval:
    The process for name approval is straightforward. In Delaware, you can perform a real-time search for the desired business name and immediately reserve it if available. This reservation ensures that your chosen business name is secured for your use.
  • Director Details:
    Provide details about the directors or members of the company. This typically includes full names, addresses, contact information, and roles or titles within the company.
  • Number of Shares and Value Per Share:
    Specify the number of authorized shares the company is allowed to issue. Also, determine the par value or the assigned value to each share.

Process for Company Registration in the USA

A roadmap of Company registration in USA

Must-Have Documents After Incorporation

Here’s a list of documents that a business typically receives after the registration process:

1. Certificate of Incorporation

  • This document, issued by the state authorities, officially recognizes the establishment of the corporation. It includes important details such as the company's name, location, and date of incorporation.

2. EIN (Employer Identification Number)

  • The EIN is a unique identifier assigned by the IRS for tax purposes. It typically takes 3 to 4 weeks through standard processing, but an expedited option is available, reducing the timeline to 3 days if you already possess a Social Security Number (SSN).
    This unique identifier, similar to India's PAN (Permanent Account Number), is necessary for various business activities, including opening a bank account, hiring employees, and filing tax returns.

3. Bylaws of the Company (Similar to Articles of Association)

  • Bylaws are internal rules that govern the operation and management of the company. They outline procedures for meetings, decision-making, and other essential aspects of corporate governance.
    In some ways, they are similar to the Articles of Association mandated in India.

4. Banking Resolution

  • A banking resolution is a formal document that authorizes specific individuals within the company to open and manage bank accounts on behalf of the corporation. It provides clarity and legal authority for banking-related activities.

5. Common Stock Certificate

  • Common stock certificates represent ownership in the company. When shares are issued, these certificates are given to shareholders as evidence of their ownership stake in the corporation. They typically include details such as the shareholder's name, the number of shares, and the date of issuance.

Compliances for U.S.- Incorporated Companies

Let's dive into the detailed aspects of compliance for businesses in the US, particularly those with C-Corporation structures and operations in Delaware.

1. Federal Income Tax

  • The Federal Income Tax rate of 21% applies to C-corporations in the United States. They are required to file a tax return annually using the IRS Form 1120. This form outlines the corporation's income, deductions, credits, and taxes owed, etc.

2. Withholding Tax and Related Party Transactions Disclosure

  • Similar to Tax Deducted at Source (TDS), withholding Tax in the U.S. involves deducting a portion of payments made to non-residents for services, dividends, or interest. Additionally, disclosure of related party transactions is a key compliance requirement, ensuring transparency in financial dealings with affiliated entities.

3. Delaware State Franchise Tax

  • Delaware imposes an annual franchise tax on corporations, and the amount varies depending on the type and size of the corporation. The calculation is often based on factors such as authorized shares or assumed par value capital.

4. Delaware State Corporate Income Tax

  • In addition to federal taxes, C-Corporations operating within the state of Delaware are subject to state corporate income tax at a rate of 8.7% on income generated within the state.
    To meet state tax obligations, C-Corporations file the Delaware Form 1100, providing detailed information on income, deductions, and other relevant financial data.

5. Other Regulatory Compliances in Delaware

  • Beyond tax-related obligations, businesses in Delaware must adhere to additional regulatory requirements. This includes filing an annual report with the Delaware Secretary of State.

In a nutshell, be it India or the U.S., there will be a lot of compliances to keep a record of. By diligently meeting these obligations, you can fulfill legal mandates and contribute to a robust and trustworthy business environment.

Incorporation in U.S. vs India

When expanding operations from India to the United States, a common strategy involves incorporating a new U.S. company, followed by transferring shares from the Indian parent company (which must be a Private Limited Company) to the newly formed U.S. entity. The Indian company would become a subsidiary of the U.S. company, and there is no such limit to the number of subsidiaries an entity can have.

Difference between Company registration in India & USA

Keep in mind the compliances and FEMA guidelines to be adhered to during this process, which establishes the U.S. company as a subsidiary of its Indian counterpart, creating a legal and financial separation. The benefits of this approach include improved access to U.S. markets, legal autonomy for each entity, and strategic financial advantages.

Incorporation in the U.S. Company Registration in India
Time Duration 4–5 Days (To get a COI) 7–10 Days(To get a COI)
Cost Ideally, it ranges around $200–500, including Government Fees, Professional Fees, etc. Depends on company type, professional fees, stamp duties, etc.
Registered Agent Required for legal correspondence Not Mandatory
Ideal for If you want to raise funds in the U.S. or expand, then U.S. incorporation is advisable. If your targeted market is in India, then registering your company in India is advisable.
Name Approval Simultaneous real-time search and reservation. Company Name Search and Reservation happen separately
Documentation COI, EIN, Company Bylaws, etc. COI, Articles of Association (AoA), Memorandum of Association (MoA), Director's Identification Number (DIN), etc.
Compliances Federal and state-level compliances, annual reports, IRS filings Registrar of Companies (RoC) filings, Annual General Meetings (AGMs), Income Tax Returns

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*Prices and documents can differ based on the company type.

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Register your Private Limited Company in just 1,499 + Govt. Fee

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Register your One Person Company in just 1,499 + Govt. Fee

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Register your Business starting at just 1,499 + Govt. Fee

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Register your Limited Liability Partnership in just 1,499 + Govt. Fee

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Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


Limited Liability Partnership
(LLP)

1,499 + Govt. Fee
BEST SUITED FOR
  • Professional services 
  • Firms seeking any capital contribution from Partners
  • Firms sharing resources with limited liability 

One Person Company
(OPC)

1,499 + Govt. Fee
BEST SUITED FOR
  • Freelancers, Small-scale businesses
  • Businesses looking for minimal compliance
  • Businesses looking for single-ownership

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


One Person Company
(OPC)

1,499 + Govt. Fee
BEST SUITED FOR
  • Freelancers, Small-scale businesses
  • Businesses looking for minimal compliance
  • Businesses looking for single-ownership

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


Limited Liability Partnership
(LLP)

1,499 + Govt. Fee
BEST SUITED FOR
  • Professional services 
  • Firms seeking any capital contribution from Partners
  • Firms sharing resources with limited liability 

Frequently Asked Questions

Nipun Jain

Nipun Jain is a seasoned startup leader with 13+ years of experience across zero-to-one journeys, leading enterprise sales, partnerships, and strategy at high-growth startups. He currently heads Razorpay Rize, where he's building India's most loved startup enablement program and launched Rize Incorporation to simplify company registration for founders.

Previously, he founded Natty Niños and scaled it before exiting in 2021, then led enterprise growth at Pickrr Technologies, contributing to its $200M acquisition by Shiprocket. A builder at heart, Nipun loves numbers, stories and simplifying complex processes.

Read More

Related Posts

One-Person Company (OPC) Registration Process: Step-by-Step Guide

One-Person Company (OPC) Registration Process: Step-by-Step Guide

In the dynamic world of entrepreneurship, One-Person Companies (OPCs) have emerged as a game-changing business structure for solo entrepreneurs. These entities offer limited liability protection and the simplicity of a sole proprietorship. It empowers individuals to have a business without the complexity of managing multiple partners.

Table of Contents

Overview of One-Person Company Registration

A One-Person Company (OPC) is a business entity that allows a single individual to establish a company with limited liability. Unlike traditional business structures, OPCs provide entrepreneurs with a legal framework that protects personal assets while offering the flexibility of single ownership. This model bridges the gap between sole proprietorship and traditional multi-member companies.

Eligibility Criteria for the Incorporation of One-Person Company

To register an OPC in India an individual must be an Indian resident and can be both the director and shareholder. The company requires a minimum authorised share capital of ₹1 lakh, and the proposed company name must be unique. Also, the individual can be a member of only one OPC and they should not have any criminal record.

One-Person Company Registration Steps

OPC registration process has following steps:

Step 1: Initial Preparation

Obtain a Digital Signature Certificate (DSC) and Director Identification Number (DIN) using the MCA portal. Select a unique company name that complies with Companies (Incorporation Rules) 2014.

Step 2: Nominee Appointment

Identify and secure consent from a nominee who can become a director in case of the original promoter's incapacitation. Ensure the nominee meets legal and professional eligibility criteria.

Step 3: OPC Documentation

Compile essential documents including proof of registered office, director identification, address proof, and business plan. Maintain the mandatory minimum authorized capital of ₹1 lakh.

Step 4: Online Registration

Complete registration through the MCA portal by uploading the required documents, verifying DIN, and submitting all necessary forms.

Step 5: Certificate and Compliance

Receive the Certificate of Incorporation within 3-5 days after verification. Subsequently, maintain ongoing regulatory compliance like annual filings and adherence to OPC-specific requirements.

{{opc-cta}}

Documents Required for One-Person Company Registration

  • Identity proof (PAN card, Aadhaar card)
  • Residence proof (utility bills, bank statements)
  • Proof of registered office (rent agreement or ownership documents)
  • Nominee consent documents
  • Digital Signature Certificate

Timelines for OPC registration

You can obtain their Digital Signature Certificate (DSC) and Director Identification Number (DIN) within one day. The Certificate of Incorporation typically takes between 3 to 5 days to process. From start to finish, the entire incorporation process can be completed in approximately 10 days.

Post-Incorporation Formalities for OPC

After registering an OPC company, you must complete several key steps as highlighted below:

  • Open a dedicated company bank account and deposit share capital within 60 days.
  • Issue share certificates to shareholders within two months as proof of ownership.
  • Register for GST if goods or service supply exceeds thresholds.
  • Maintain statutory registers to document company activities.
  • Prepare for annual tax return filing and ensure ongoing regulatory compliance.

Features of One-Person Company (OPC)

  1. Single Ownership: Allows a single individual to form a company, providing complete control and ownership under Section 3(1)(c) of the Companies Act.
  2. Innovative Nominee System: Requires a nominee who can take over company ownership in case of the original member's death or incapacitation, ensuring business continuity.
  3. Flexible Management: Permits 1-15 directors, with minimal administrative complexity and no minimum paid-up capital requirement.
  4. Limited Liability Protection: Separates personal assets from business risks, offering entrepreneurs crucial financial security.
  5. Simplified Compliance: Provides a streamlined approach to business registration and management, making corporate structure accessible to individual entrepreneurs.

Advantages of One-Person Company Registration

  • One of the biggest advantages of an OPC company is that the OPC structure provides a separate legal entity status that helps protect the individual's personal assets from business liabilities.
  • This model enables easier fundraising opportunities, as banks and financial institutions typically prefer lending to registered companies over sole proprietorships.
  • OPCs also provide a clear path for business continuity through the mandatory nominee appointment, ensuring the potential for perpetual succession.
  • The simplified management structure allows for quick decision-making.

Disadvantages of OPC

While One-Person Companies present numerous benefits, they also come with certain limitations that you should carefully consider:

  • The OPC structure is primarily suitable for small business operations, with strict restrictions on expanding ownership or raising additional capital.
  • There are notable limitations on business activities, particularly prohibiting non-banking financial investment activities.
  • The close alignment between ownership and management can create potential challenges, as the sole member may have unchecked control over business decisions.
  • As the business grows, the OPC model may become restrictive, potentially requiring a transition to a more complex business structure.

Frequently Asked Questions

rize image

Register your Business at just 1,499 + Govt. Fee

Register your business
rize image

Register your Private Limited Company in just 1,499 + Govt. Fee

Register your business
rize image

Register your One Person Company in just 1,499 + Govt. Fee

Register your business
rize image

Register your Business starting at just 1,499 + Govt. Fee

Register your business
rize image

Register your Limited Liability Partnership in just 1,499 + Govt. Fee

Register your business

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


Limited Liability Partnership
(LLP)

1,499 + Govt. Fee
BEST SUITED FOR
  • Professional services 
  • Firms seeking any capital contribution from Partners
  • Firms sharing resources with limited liability 

One Person Company
(OPC)

1,499 + Govt. Fee
BEST SUITED FOR
  • Freelancers, Small-scale businesses
  • Businesses looking for minimal compliance
  • Businesses looking for single-ownership

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


One Person Company
(OPC)

1,499 + Govt. Fee
BEST SUITED FOR
  • Freelancers, Small-scale businesses
  • Businesses looking for minimal compliance
  • Businesses looking for single-ownership

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


Limited Liability Partnership
(LLP)

1,499 + Govt. Fee
BEST SUITED FOR
  • Professional services 
  • Firms seeking any capital contribution from Partners
  • Firms sharing resources with limited liability 

Frequently Asked Questions

How to do OPC registration?

Obtain a Director Identification Number (DIN) and Digital Signature Certificate (DSC). Choose a unique OPC name and get MCA approval. File incorporation documents with the Registrar of Companies (RoC), including MOA, AOA, and proof of address, identity, and ownership. Receive the Certificate of Incorporation upon approval.

What is the minimum capital for a one-person company?

A one-person company (OPC) can be established with an authorised capital of at least ₹1 lakh, but there is no requirement for a minimum paid-up capital.

What is the cost of one person company registration in India?

OPC registration fees start at INR 900 and depend on authorized capital, ranging from nil to ₹2,06,000+.

Is audit compulsory for OPC?

Yes, an audit is compulsory for an OPC.

What documents are required for OPC?

  • Proof of Identity of the sole director (e.g., Aadhaar, PAN)
  • Proof of Address (e.g., utility bill, bank statement)
  • Passport-sized Photograph of the director
  • No Objection Certificate (NOC) from the owner of the registered office
  • DIN and DSC of the director
  • Memorandum of Association (MOA) and Articles of Association (AOA)

What is a necessary step in setting up an OPC?

The most necessary step in setting up an OPC is to choose a suitable name for the company and ensure it complies with the Ministry of Corporate Affairs (MCA) naming guidelines.

How to Open a Company in India: Process of Incorporation of Company

How to Open a Company in India: Process of Incorporation of Company

Starting a company in India can be an exciting and rewarding venture, but navigating the legal and procedural requirements can seem daunting. This comprehensive guide will walk you through the essential steps to open a company in India, ensuring a smooth and compliant process of incorporation of the company.

Table of Contents

Guidelines to Follow When Starting Your Business in India

Before diving into the specifics of the company registration process, it's crucial to understand the general guidelines for starting a company in India. These guidelines will help you lay a strong foundation for your business and avoid common pitfalls.

  • Conduct thorough market research to validate your business idea and identify your target audience.
  • Develop a comprehensive business plan that outlines your objectives, strategies and financial projections.
  • Choose a unique and meaningful name for your company that aligns with your brand identity and complies with the naming guidelines set by the Ministry of Corporate Affairs (MCA).
  • Determine the optimal business structure for your venture.
  • Secure adequate funding through personal savings, investor capital, or business loans
  • Seek professional advice from legal experts, chartered accountants, and business mentors to ensure compliance and make informed decisions.

Step 1. Choose Your Business Structure

Selecting the right business structure is a critical decision when starting a company in India. The type of entity you choose will have significant implications for liability, taxation, compliance and overall operations. Here are the most common business structures in India:

  1. Sole Proprietorship
    • Owned and operated by a single individual
    • Simple to set up and manage
    • No separate legal entity, unlimited personal liability
  2. Partnership Firm
    • Formed by two or more individuals or entities
    • Governed by the Indian Partnership Act, 1932
    • Partners share profits, losses and management responsibilities
  3. Limited Liability Partnership (LLP)
    • Combines the benefits of a partnership and a private limited company
    • Partners have limited liability, protecting personal assets
    • Requires a minimum of two partners and compliance with the LLP Act, 2008
  4. One Person Company (OPC)
    • A private limited company with a single member
    • Suitable for solo entrepreneurs seeking limited liability
    • Easier compliance compared to a private limited company
  5. Private Limited Company
    • Separate legal entity with limited liability for shareholders
    • Requires a minimum of two shareholders and two directors
    • Stricter compliance requirements under the Companies Act, 2013

When choosing your business structure, consider factors such as liability protection, taxation, compliance requirements, and scalability. For example, a sole proprietorship is the easiest to set up but offers no personal liability protection. On the other hand, a private limited company provides limited liability protection but involves more complex compliance requirements.

Step 2. Required Documents for Company Registration

Before initiating the company registration process, gather the necessary documents to ensure a smooth and efficient incorporation. The following documents are typically required:

  1. Proof of identity and address for directors and shareholders (e.g., PAN card, Aadhaar card, passport)
  2. Passport-sized photographs of directors and shareholders
  3. Proof of registered office address (e.g., rental agreement, utility bills)
  4. Digital Signature Certificate (DSC) for directors
  5. Director Identification Number (DIN) for proposed directors
  6. Memorandum of Association (MoA) and Articles of Association (AoA)
  7. Consent letters from proposed directors
  8. Affidavit for non-conviction of directors

Having these documents ready will streamline the process of incorporation of the company and minimise delays in the company formation process.

Step 3. Register Your Business

With the necessary documents in hand, you can now proceed with registering your business. The company registration process involves the following steps:

  1. Obtain Digital Signature Certificate (DSC) for directors from a certified authority.
  2. Apply for Director Identification Number (DIN) for proposed directors through Form DIR-3.
  3. Reserve the company name through the RUN (Reserve Unique Name) web service of the MCA.
  4. Draft the Memorandum of Association (MoA) and Articles of Association (AoA) defining the company's objectives and rules.
  5. File incorporation documents, including Form SPICe (INC-32), MoA, AoA and other necessary documents, with the Registrar of Companies (ROC) along with the prescribed fees.
  6. Obtain the Certificate of Incorporation from the ROC upon successful registration.

The entire process of incorporation of a company can be completed online through the MCA portal, making it convenient and efficient for entrepreneurs to start a startup in India.

Step 4. Acquire Required Licenses and Permits

Depending on the nature of your business and the industry you operate in, you may need to obtain specific licenses and permits to legally open a company in India. Some common types of business licenses and registrations include:

  • Goods and Services Tax (GST) registration
  • Shops and Establishment Act registration
  • Professional Tax registration
  • Import Export Code (IEC) for import/export businesses
  • FSSAI license for food businesses
  • Trade License from local municipal authorities
  • Industry-specific licenses (e.g., FSSAI for food businesses, IEC for import/export)

Research the specific licenses applicable to your business and ensure timely compliance to avoid legal complications.

Step 5. Procedure for Company Registration in India

To summarise the company registration process, here's a step-by-step procedure for setting up a company in India:

  1. Choose a suitable business structure (sole proprietorship, partnership, LLP, OPC, private limited company).
  2. Obtain necessary documents for incorporation (identity proofs, registered office proof, DSC, DIN).
  3. Apply for name approval through the RUN web service.
    • Select and apply for a unique company name through the RUN (Reserve Unique Name) service on the MCA portal.
  4. Incorporation Documents
    • Draft the Memorandum of Association (MoA) and Articles of Association (AoA)
    • Prepare the consent letters from the proposed directors
    • Obtain the registered office address proof
  5. SPICe+ Form
    • Fill out the SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) form
    • Attach the necessary documents (MoA, AoA, director consents, address proof, etc.)
    • Pay the prescribed registration fees based on the authorised capital
  6. Obtain the Certificate of Incorporation from the ROC.
    • Upon successful filing of the SPICe+ form, the Registrar of Companies (ROC) will issue the Certificate of Incorporation (COI)
    • The COI will mention the Corporate Identity Number (CIN) and the date of incorporation
  7. Apply for necessary licenses and registrations (GST, Shops and Establishment, Professional Tax, industry-specific licenses).
  8. Open a corporate bank account and secure funding.
  9. Commence business operations.

By following this procedure diligently, you can successfully open a company and start a startup in India.

Step 6. Hiring Employees

As your business grows, you may need to hire staff to support your operations. When hiring employees in India, keep the following points in mind:

  • Register for Employees' Provident Fund (EPF) and Employees' State Insurance (ESI) if applicable.
  • Draft comprehensive employment contracts outlining roles, responsibilities, compensation and benefits.
  • Comply with minimum wage laws and other labour regulations.
  • Maintain proper records of employee information, attendance, and payroll.
  • Ensure a safe and healthy work environment in compliance with occupational safety laws.

Building a strong and motivated team is crucial for the success of your venture as you start a startup in India.

Step 7. Ensure Compliance with Regulations

Compliance with various laws and regulations is an ongoing responsibility when starting a company in India. Some key areas of compliance include:

  • Filing annual returns and financial statements with the ROC.
  • Maintaining proper books of accounts and audit records.
  • Complying with taxation laws, including income tax and GST.
  • Adhering to labour laws and employee welfare regulations.
  • Obtaining and renewing necessary licenses and permits.
  • Ensuring data privacy and protection in accordance with relevant laws.

Regularly review and update your compliance practices to stay ahead of regulatory changes and avoid penalties.

Step 8. Promote Your Business

With your company successfully registered and operational, it's time to focus on promoting your business and attracting customers. Consider the following strategies to effectively market your venture:

  • Develop a strong online presence through a professional website and social media channels.
  • Leverage digital marketing techniques such as search engine optimisation (SEO), pay-per-click advertising (PPC), and content marketing to reach your target audience.
  • Attend industry events, trade shows, and networking sessions to build relationships and showcase your offerings.
  • Collaborate with influencers, bloggers, and media outlets to gain exposure and credibility.
  • Offer exceptional customer service and seek feedback to continuously improve your products or services.

By consistently promoting your business and delivering value to your customers, you'll establish a strong brand presence and drive growth as you open a company in India.

Conclusion

By understanding the process of incorporation of company and following the guidelines outlined in this comprehensive guide, you can confidently navigate the legal and procedural requirements to open a company and start a startup in India. Remember to seek professional guidance when needed and stay compliant with regulations to ensure the long-term success of your venture.

Frequently Asked Questions

rize image

Register your Business at just 1,499 + Govt. Fee

Register your business
rize image

Register your Private Limited Company in just 1,499 + Govt. Fee

Register your business
rize image

Register your One Person Company in just 1,499 + Govt. Fee

Register your business
rize image

Register your Business starting at just 1,499 + Govt. Fee

Register your business
rize image

Register your Limited Liability Partnership in just 1,499 + Govt. Fee

Register your business

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


Limited Liability Partnership
(LLP)

1,499 + Govt. Fee
BEST SUITED FOR
  • Professional services 
  • Firms seeking any capital contribution from Partners
  • Firms sharing resources with limited liability 

One Person Company
(OPC)

1,499 + Govt. Fee
BEST SUITED FOR
  • Freelancers, Small-scale businesses
  • Businesses looking for minimal compliance
  • Businesses looking for single-ownership

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


One Person Company
(OPC)

1,499 + Govt. Fee
BEST SUITED FOR
  • Freelancers, Small-scale businesses
  • Businesses looking for minimal compliance
  • Businesses looking for single-ownership

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


Limited Liability Partnership
(LLP)

1,499 + Govt. Fee
BEST SUITED FOR
  • Professional services 
  • Firms seeking any capital contribution from Partners
  • Firms sharing resources with limited liability 

Frequently Asked Questions

How can I start my own company in India?

To start a startup in India, follow these steps: choose a business structure, obtain necessary documents, register your company with the ROC, acquire licenses and permits, hire employees, ensure compliance, and promote your business effectively.

What type of company is easiest to start?

A sole proprietorship is the easiest type of company to start in India, as it involves minimal legal formalities and compliance requirements. However, it offers no separate legal identity or liability protection for the owner.

How much money is required to start a company in India?

The capital required to start a startup in India varies depending on the business structure and the nature of your business. Private limited companies require a minimum paid-up capital of ₹1 lakh, while other structures have no minimum capital requirements.

How much does it cost to register a company in India?

The cost of company registration in India includes fees for name reservation, incorporation filing, stamp duty, and professional charges. The total cost can range from ₹5,000 to ₹50,000 or more, depending on the business structure and the authorised capital.

How can I register my company myself in India?

You can register your company yourself by following the company formation process outlined in this guide. However, it's recommended to seek professional assistance from a chartered accountant or company secretary to ensure compliance and avoid errors.

How do I start a new PVT Ltd company?

To start a private limited company, follow these steps: obtain DSC and DIN for directors, reserve the company name, draft MoA and AoA, file incorporation documents with the ROC, obtain the Certificate of Incorporation, and comply with post-registration formalities.

Can a single person register a company in India?

Yes, a single person can register a One Person Company (OPC) in India. An OPC is a type of private limited company with a single member and offers limited liability protection to the owner.

Startup Accelerators of MeitY for Product Innovation, Development, and Growth (SAMRIDH)

Startup Accelerators of MeitY for Product Innovation, Development, and Growth (SAMRIDH)

SAMRIDH or Startup Accelerators of MeitY for Product Innovation, Development, and Growth, launched by the Ministry of Electronics and IT, aims to provide funding and acceleration to startups, predominantly software startups.

Description Who is it for? Benefits
To provide funding support to the tech and software startups with proof of concept & innovations. For Tech & Software startups Under this scheme, startups can get funding of up to Rs. 40 lakhs based on current valuation and growth stage through selected accelerators.

The investment is extensively for brilliant solutions and proof of concepts through selected accelerators. The selected accelerators are responsible for providing a customized acceleration program for 300 selected startups.

Startup Accelerators of MeitY for Product Innovation, Development, and Growth (SAMRIDH)

Table of Contents

Features of SAMRIDH Scheme

Features of SAMRIDH Scheme
  • The SAMRIDH scheme provides your startup which already has brilliant solutions and proof of concept for their product, better facilities to enhance the product using innovative technologies for the market with a solid business plan.
  • The scheme provides a platform to enhance your products and secure investment for scaling your business.
  • Once your startup gains traction, there is a gap in accessing the growth stage funding to scale up the operations,and the scheme is filling up this gap for startups.
  • The scheme supports existing and upcoming Accelerators to select and accelerate potential IT-based startups to scale to solve India's problems and create positive social impact.

Eligibility for SAMRIDH Scheme

For Startups

  • Must be recognized by DPIIT.
  • Must be in the Early-growth stage.
  • The product of the startup must be software-based.

For Accelerators

  • Must have operations in India.
  • Must have been in the business of incubation for more than three years and supported more than 50 startups.
  • Must have the required infrastructure and targeted acceleration programs.

Application procedure for Startups

The application procedure primarily comprises the following steps:

  • Visit https://meitystartuphub.in.
  • On the homepage, click on “Register” under the Startup section.
  • The registration page will appear. Fill in all the requisite details and click on the “Submit” button.
  • Following registration, one can "log in" to the page for further access by filling in the username and password.

Benefits of SAMRIDH

  • This scheme provides a platform for product development and business scaling in terms of investment.
  • To provide customer connect, investor connect, and international connect services.
  • Up to Rs 40 lakh will be provided to the startups according to their current valuation and growth stage through accelerators..
  • Customized acceleration programs for startups and provided product and capacity enhancement services.

Post-Selection Process for SAMRIDH Scheme

The ​​MeitY SAMRIDH Scheme will be implemented through the MeitY Startup Hub (MSH). The selected Accelerator will be responsible for developing personalized acceleration programmes, and the budget for each startup is Rs. 2 lakh.

The services include- Co-learning, networking, expert diagnosis, and negotiation of investment funding from Angel Investors. A maximum of 10 businesses and a minimum of 5 startups working in the sphere of software products can be helped by a shortlisted accelerator.

MSH will take equity in startups for the government's contribution via Promissory/SAFE Note, the same as Accelerator, which will be utilized to sustain the program.The startup's exit may be executed by MSH or its appointed entity holding the company's equity, subject to approval from SMC. Biannual assessments of startups within the portfolio will be conducted, and the resulting reports will inform decisions regarding exiting from the startup.

Frequently Asked Questions

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Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


Limited Liability Partnership
(LLP)

1,499 + Govt. Fee
BEST SUITED FOR
  • Professional services 
  • Firms seeking any capital contribution from Partners
  • Firms sharing resources with limited liability 

One Person Company
(OPC)

1,499 + Govt. Fee
BEST SUITED FOR
  • Freelancers, Small-scale businesses
  • Businesses looking for minimal compliance
  • Businesses looking for single-ownership

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


One Person Company
(OPC)

1,499 + Govt. Fee
BEST SUITED FOR
  • Freelancers, Small-scale businesses
  • Businesses looking for minimal compliance
  • Businesses looking for single-ownership

Private Limited Company
(Pvt. Ltd.)

1,499 + Govt. Fee
BEST SUITED FOR
  • Service-based businesses
  • Businesses looking to issue shares
  • Businesses seeking investment through equity-based funding


Limited Liability Partnership
(LLP)

1,499 + Govt. Fee
BEST SUITED FOR
  • Professional services 
  • Firms seeking any capital contribution from Partners
  • Firms sharing resources with limited liability 

Frequently Asked Questions

What documents are required to apply for the SAMRIDH Scheme?

The documentation requirements may vary depending on the lending institution, but generally, applicants need to provide identity proof, address proof, income proof, and business-related documents.

What are the key benefits of the SAMRIDH Scheme?

The key benefits of the SAMRIDH Scheme include financial support, access to investment opportunities, and promotion of entrepreneurship with the help of the accelerators.

Which accelerators are presently part of the Samridh Scheme?

Here is a list of accelerators participating in the Samridh Scheme: Link.

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foxsell.app
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TBS Magazine
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