What exactly does this mean? Also, you will find any information about registering a business much faster if you contact your local chamber of commerce or a local solicitor/accountant. Rules for setting up businesses are very specific to the country where you want to work.
It depends on the country in which you wish to register your software company. In most countries there are 2 types of formations: 1. a partnership or a self owned business. In such case, you are the legal entity behind your software house, even if you use another name (which is referred to as "trade name" or "doing business as..."). The 2nd type is a limited liability company, or a corporation. In such case, the company becomes a legal entity and you, being a share holder, hold a limited liability over the company's operations.
You have to comply with a lot of statutory regulation and registration. But getting all and starting a business is impossible in India, atleast in my place, kerala. You go ahead with some of the few below and comply with others as you grow up.
1. You can get a MSME registration from DIC (District Industries Center). This will help you fetch locations in software parks, subsidized electricity bills. You can also avail investment subsidy. This will be of the tune of around 10-20% of your investments.
2. You must a registration from the Local Administration. (Corporation, Municipality, Panchayath)etc
3. If you plan to employee, then you have to comply with ESI & PF
4. If you will be have large turnovers then you will have to take a Service Tax Registration
5. If you wish to sell your softwares in CD, or other object then you will also have to take a Sales Tax Registration
6. You will have to take a current account in Bank, if you wish to have some foreign remmitance or sales.
7. You can take IE code from DGFT for exporting your softwares. You will be able claim income tax benefits, lot of other benefits.
8. Else you come down to Kerala and do a enquiry at our startup village, rest will be taken care of...
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Last Visit: 31-Dec-99 19:00 Last Update: 22-May-15 5:09