What Is the Procedure for Registration of Startup Business Ideas in India and the United States?
by ADS247365 INC ADS247365 IncThe business international business registration
procedure in India and the United States are largely similar. Both countries
have a similar legal framework, business registration procedures, and laws.
In India, you can international
business registration as a Private Limited
Company or LLP (Limited Liability Partnership). In the US, you can register it
as a C-Corporation or S-Corporation (Subchapter S).
Required documents of startup business
idea - Copy of the business plan, the draft of an agreement, shareholding
certificate, and PAN card of the entrepreneur.
You need to provide the following documents:
Business plan. This document is the foundation of
your startup business idea and tells you the purpose of your startup, who it
targets, what its features are, how it will make money, and so on. It should
also include a detailed list of resources that you will use to get started
(like investors).
Agreement between founders or shareholders in case
there are multiple entrepreneurs involved in this project (e.g., two people).
This agreement states what each founder has agreed to do while working together
and any potential conflicts they might face along the way. The agreement should
also identify who owns what shares during their time working together; however,
if there isn't an agreement signed yet then this step doesn't apply yet because
no one owns anything yet!
The shareholding certificate would prove ownership
over shares held by those who own them; however, this document can be obtained
later after filing all other necessary paperwork such as incorporation papers
with government authorities first before proceeding further into processes
listed above like setting up bank accounts etcetera... so just keep reading
below ;)
Any authorized officer of the company
nominated by the entrepreneur should attest signature in an original signed
form on all documents.
The following documents must be attested by an
authorized officer of the company who has been nominated by the entrepreneur:
· A startup business idea registration letter that contains your
name, address, and contact details. This will help you to get information about
the status of your registration.
· A copy of your passport or Indian ID card (if applicable). You can
also provide copies of both items if they are available in your file at that
moment, but make sure you don't lose them!
It is mandatory to get registered in
corporate form within the minimum period of 90 days from its date of
incorporation in India or from the filing thereof with the US Government or any
other jurisdiction.
· It is mandatory to get registered in corporate form within the
minimum period of 90 days from its date of incorporation in India or from the
filing thereof with the US Government or any other jurisdiction.
· The entrepreneur should apply for registration within 90 days from
the date of incorporation, but if he needs time beyond this period, he can
apply before that time lapses.
· The company can be registered with ROC or any other State
Registrar and can also register itself abroad (in a foreign jurisdiction) after
obtaining approval from their respective authorities.
While registering a company in India it is
mandatory to pay a registration fee which should be paid as per rules
prescribed by the Government of India.
While registering a company in India it is
mandatory to pay the registration fee which should be paid as per rules
prescribed by the Government of India. The registration fee depends on the
nature of the business for example if you are registering your startup
business. If you want to register your startup business idea in the United
States.
Registration fees can be paid through bank
transfer or credit card payment but there are certain restrictions depending on
which country you want to register your startup business idea.
Startup businesses require registration under
different laws depending upon their nature and scope of operations
You need to do international
business registration and setup in India and
the United States. The process is similar but there are some differences in the
rules and regulations.
Conclusion
We would like to conclude by saying that it is
essential for every entrepreneur to be aware of the requirements and process of
registering their startup business idea in any jurisdiction.
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Created on Feb 14th 2023 01:47. Viewed 204 times.