Startups are booming. The government is additionally supporting young entrepreneurs to create new ideas of business to establish new startups. Startups are helping economics to boost and startups are creating more jobs, more opportunities for youngsters. A startup is a business that comes up with innovative products or services that solve society problems. A startup may also redevelop a current product or services into something unique or better.

Your company must first be incorporated as a Limited Liability Partnership, private limited company or partnership firm. You must follow all normal registration procedures, including submitting an application and obtaining a certificate of incorporation or partnership registration.

You can incorporate a Private Limited Company or a Limited Liability Partnership (LLP) By filling the registration application to the Registrar of Companies (ROC) of your region and partnership firm with the Registrar of Firms. You have to submit required documents and fees to the Registrar of Companies (ROC) and Registrar of Firms of your region.

The Startup needs to be registered as a startup. The all process is online and easy to use.

With this recognition, Startups India are able to take advantage of benefits like easy company winding up, eligible to Fund of Funds, tax exemption for three years in a row, and investments that are more expensive than their fair market value are exempt from taxes. Relaxation of public procurement rule, self-certification under labour and environmental laws.

On the ‘Startup Recognition Form’  you have to fill in the details like the company details, full address(office), authorized  representative details, directors/partner details, startup activities and self-certification.

You will receive a startup recognition number after applying. After reviewing all of your documentation, which typically takes place within two days of submitting the online information, the certificate of recognition will be issued.

Patents, Trademarks and/ or Design Registration.

Beginning a business is trying for all intents and purposes, so taking all the assistance that comes on the way is in every case better. The Startup India initiative aims to assist entrepreneurs in this way. There are numerous benefits to registering your startup with Startup India.

• Relaxed standards:- The Government of India’s largest e-procurement portal, Government e-Marketplace, allows all startups that are recognized by DPIIT to be listed as sellers. The government of India has authorized its ministries, departments, and public sector undertakings to loosen up standards in all public procurements for startups that are recognized by DPIIT. Your startups can apply for government tenders as a DPIIT authorized startup without having to show previous work or a minimum annual turnover.
• Tax exemption:- As a registered startup with startup India and DPIIT, your startup is eligible to take exemption for 80-IAC of the Income Tax Act. Your startup may take advantage of a tax holiday for three consecutive years once you receive the green signal from the income tax authorities. In addition to the above, recognized startups may also apply for exemption from the angel tax under Section 56 of the Income Tax Act..
• Obtaining funding:- Startup India offers two distinct types of funding to startups that register with DPIIT. Your company can raise funds from the Fund of Fund for Startups (FFS), which has a corpus of Rs 10,000Cr. as part of Startup India. SIDBI manages FFS, which is transferred to SEBI-registered venture capital firms that invest in startups. Startup India has a second fund for companies looking for seed round of funding. This fund, formerly known as Startup India Seed Fund Scheme (SISFS), was established to help startups in their early stages with things like finding proof of concept, prototypes development, product trials, market entry and commercialization.
• Easy exit:- Your startup is recognized by DPIIT and you wanted to take an exit, it’s quite a simple and easy process. A startup can wind up their business within 90 days from the date of application
•  Low patent fees:- You can receive a 50% discount if you file for trademark certification, it is decreasing the cost from Rs 10,000 to Rs 5,000. Your application will be fast tracked and processed within 72 hours.