Legal Registrations for Startups : When you are planning a startup, you have to go through so many procedures, like company registration, and other procedure which is required by state and central laws. You should also consider Important Legal Registration for Startup like GST, Trademark, and Udyog Aadhar etc. In India nowadays these registration is primary thing for a startup because it will secure your startup. The Government of India is launching so many schemes for a new startup; you can take benefit from these schemes by obtaining Udyog Aadhar.
Trademark registration is not mandatory by the government but it is important because it will give you legal protection under Trademark Act, if any one violate your rights then he will be liable. Trademark is important nowadays because it is to copy, anyone can copy your business name or business logo which creates confusion in general public. So it is must.
Goods and Service Tax (GST) registration is mandatory for those whose turnover is more than 20 lakh rupees and in some states it is 10 lakh rupees. Goods and service Tax registration is mandatory for all entities involved in the buying and selling or providing of services in India.
The government of India launched Udyog Aadhar to replace process of registration under MSME sector. Udyog Aadhar is 12 digit numbers which is issued by the Ministry of MSME. Udyog Aadhar registration is must for any startup because if you want to take benefits from the government schemes then you have to get Udyog Aadhar number. You will get loan from bank on low interest rates after obtaining Udyog Aadhar. After obtaining Udyog Aadhar you can participate in international trade fairs. Government is giving subsidies on startup which can be obtained by Udyog Aadhar.
Process of Registration of Udyog Aadhar is very easy and simple; you can submit your form online. Udyog Aadhar registration does not require any documentation. You have to fill only required details. During filing of form you have to submit details like your Aadhar number, your phone number, email id, PAN details, address, place of business and other professional details. After filling of your details in form, you can submit your form. After successful submission of your form, you will get Udyog Aadhar number. After obtaining Udyog Aadhar you will become eligible for the Government schemes
Nowadays intellectual property rights are most important thing for a company because after registration it became an asset of company. Trademark protection is available for certain names, symbols, devices, or words that will be used in connection with a good or service. After trademark registration you will get exclusive rights to use the mark, and also it prevents other to use that mark. Registration is important for your startup because anyone can use your mark or symbol of company which will generate confusion to general public.
Process of registration under Trademark is easy; you can file your form online. You have to fill the form on official website and also you have to check that if anyone using that mark or logo. If no one using that mark or logo then only you will get trademark on that mark. After successful examination of your trademark, officials will give you trademark certificate.
Goods and service Tax registration is mandatory for all entities involved in the buying and selling or providing of services in India. Goods and Service Tax (GST) registration is mandatory for those whose turnover is more than 20 lakh rupees and in some states it is 10 lakh rupees. You cannot run your business if it is mandatory for your business, because it is punishable offence under GST law.
You can file your form online for GST registration which requires some documents like PAN Card, Identity proof, Address proof, Bank details, Photograph, proof of business and other documents. Process of GST registration is very simple. You have to visit official website of GST then file your online form and submit the form. Within 7 days of submission you will get your GST number. Startup Company should Gst Return Filing and income tax Return.
Above mentioned registration is must for every startup. If you don’t want to face any legal problems in future then you should register your startup under Udyog Aadhar, Trademark and GST. As you can see that without GST registration you cannot run your business because it is mandatory and also a punishable offence. And without Trademark registration you will not get any Intellectual property rights.
Udyog Aadhar is the primary thing for your new startup because you will get loan on low interest rates from the government after obtaining Udyog Aadhar. So you should register your startup under GST, Trademark and Udyog Aadhar.