How you structure your startup is an important consideration, one that may carry tax and compliance implications. The best business structure depends on many factors, including how you plan to take and maximize deductions, what type of businesses you work with, and if you intend to grow your startup in the future.
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Legal structure of startup in India and an overview of startup India Program
How you structure your startup is an important consideration, one that may carry tax and compliance implications. The best business structure depends on many factors, including how you plan to take and maximize deductions, what type of businesses you work with, and if you intend to grow your startup in the future.
The following four structures are discussed with the following assumptions:-
• Your business has one owner with no additional shareholders
• You are the provider of professional services and not products
• You do not require investors
• You wish to keep business administration to a minimum
• You do not have need for a Board of Directors
• You wish to minimize legal and tax exposure
