Starting a business is exciting—but getting the legal and compliance basics right from day one is key to building something that lasts. Here’s a streamlined guide to help you lay a solid foundation.
1. Pick the Right Business Structure
Your legal structure influences everything—from tax to funding. Here are your top options:
Private Limited Company
Best for growth-focused startups. Preferred by investors due to structure, transparency, and ease of equity sharing.
Limited Liability Partnership (LLP)
Great for professional or partner-based ventures. Offers limited liability with simpler compliance.
Sole Proprietorship
Easiest to set up, but limited in terms of scale and credibility with investors.
2. Benefits from the Startup India Initiative
Eligible startups can access key government-backed perks:
3-Year Tax Holiday
Tax exemption for any three consecutive years within the first ten.
Faster IP Filings
Reduced fees and quicker processing for patents and trademarks.
Self-Certified Labour Law Compliance
Lighter compliance load in the early years.
3. Get Your Compliance in Place
Avoid future hassles by setting things up right:
Bookkeeping – Track finances from day one.
TDS Setup – Required for salaries, rent, and services.
GST Registration – Mandatory in many cases; ensures input credit and compliance.
Need a Hand?
We offer end-to-end support—from registration to compliance—so you can focus on growing your business.