What are the steps to be taken to register a start up
20-May-2023 (In Startup Law)
I have recently started my own start-up and wanted to know about the registrations I needed to do for the same. I have an e-commerce business and therefore​ wanted to know about the formalities related​ to shares, domain name, accounting and GST. Since I am a 16 year old currently working on my own start-up I would be delighted if I could learn about some of the laws and regulations one needs to follow.
Hi,
Since you are only 16, you can't enter into a contract with anyone. You are are minor as of now.
So you cannot open a company or register it in your name. All the agreements have to be through someone.
Since you are only 16, you can't enter into a contract with anyone. You are are minor as of now.
So you cannot open a company or register it in your name. All the agreements have to be through someone.
First of all you have to incorporate a structure of a company (partnership, sole proprietor, company etc.,) In your case It seems Sole proprietor would be the right choice and then you have to register that structure with tax authorities and also you need to upload privacy policy and terms and conditions to use your website on your website.
You need to register your entity with the with Ministry of Corporate Affairs. You need to purchase domain name, apply for trademark of your company or brand name, apply for GST, MSME Certificate, Shops and Establishment Act Certificate. You should better come and see us in our office, we will guide you well.
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
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