Company setting process in India for startups

If you are planning to bring your dream startup venture into reality then there is a process for Setting up a company in India; that has to be followed. A lot of millennial in India are obsessed with startups. Many of them have an idea in mind already to begin their startup venture.

If you are passionate about your startup business, ready to toil hard day in and day out and prepared to accept the failure and not giving up when one see things are not working then you can take the next step of planning and following the process of setting up a company in India.

Here are some of the key steps that one needs to follow to kick- start your startup venture: 

1. Check the feasibility of your idea: It is important to check the feasibility of your idea before it is put into practice. For that you need to make market surveys, take expert advice and rely on the previous market research on similar idea.  Also, you and your team need to chalk out how much revenue is being expected in the beginning. 
2. Have a business plan ready: Before you begin the operations of your startup venture you should have your business plan ready. It should contain things like description of the company, strategy, marketing plan, operational plan, financial plan; description of marketing and key aspects that help in carrying out the business operations smoothly. Having a business plan will enable you to look at the whole business process in a holistic manner and also will help to present the business idea in front of lenders or other finance institutions.
3. Choose right business structure: Based on how the startup owner wants their business to scale, they should choose the right business structure. It can be proprietorship, partnership or a private limited company. To get things right on the track you can avail help from consultants of professional chartered accountants.
4. Arrange finance: Any business to start off and run successfully requires funds. The startup owner has to explore multiple options to make the arrangement of funds. The most important fund raising options that many startup owners try are bank loans, angel investors and venture capital.
5. Get company registration: Next step is to get the company registered as per the business structures. This can be done with the help of a chartered accountant in India for they will guide you with the required steps and processes that have to be adhered to. 
6. Register in startup India program: You can register your startup on the startup India website and get benefitted from various programs run by the Indian government. Being a part of this program will help you in securing funds easily and also will help you in getting tax benefits for your venture. 
7. Intellectual properties: Ensure you are protecting your intellectual properties that include unique name, logo and other creative assets; that are part of your startup venture by getting required intellectual property rights.
8. Build great online presence: In this era of internet, the startup owner cannot miss out building a robust digital presence. Brands are built and nurtured in digital platforms and with an impressive website; that epitomizes your brand you rope in mammoth target audience towards your start up venture. Also, it is important for you to tap and make use of social media, email, search engines, written content etc for great online presence.