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With the Central government’s Make In India initiative supporting startup hubs, there is a greater push for business in the country currently.

But, in order to achieve a strong foundation for your business, you not only need to have a proper plan but also appropriate guidance to get it done.

Forgetting legal compliance may lead you to some unavoidable troubles in the business down the line.

Let’s have a look at some aspects of business that a startup needs to understand and conform to:

The first step is the constitution of business.

If you are two persons starting a business, then you have the option of setting up a Private Limited or Limited Liability Partnership (LLP) and if you are a one-man army, then go for a One Person Company (OPC).

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