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Services for Startups

Home Services for Startups

Services for Startups

India has the second largest startup ecosystem in the world and expected to witness YoY growth of 10-12%. As per last Data of Government of India there are 20,000 startups in India and around 4,750 of these are technology led startups. There are 3-4 tech start ups born every day in India. The Government of India through its various initiatives aims to empower Startups to grow through innovation and design.

Large Corporates are also realizing the disruptive potential of start-ups and are thus, partnering/investing in them.  Wipro , IBM , Barclays and many other large corporates have started separate funds to invest in such startups. From 10 unicorns in 2016, India now has 33 startups that have attained the unicorn status.

The ‘Startup India, Standup India’ slogan given by PM Shri Narendra Modi has ignited the spirit of entrepreneurship in India. Backed by a slew of policy reforms such as funding support, bilateral government collaborations with various countries, as well as a range of policies in various sectors, Startup India also brought Indian startups to the global tech discourse.

The change in definition of Startup in February 2019 and recognizing companies as startups for up to 10 years from the incorporation date, plus the turnover limit has been increased to INR 100 Cr from INR 25 Cr earlier has also covered many companies in this definition.  On May 16, 2020, the government announced a technology push for private sector participation in the defense and space sectors which plans to link the startup ecosystem with the nuclear sector, as part of the larger reforms to boost the economy in a post-Covid-19 world.

Having said so, it is not easy for any young entrepreneur with great idea to address large market, to be well aware of the law , governance and compliances for their entity . Here our expert services help them and we handhold them to choose right entity, complete all legal formalities and compliances for their entity so that they concentrate on their business. We take care of various policies , regulations, governance, risk management and their employees reward scheme too.

Our Expert Services includes

  1. Assist to choose right type of entity for their business model like, company, LLP, partnership firm;
  2. Start to End process for setting up such entity
  3. Guide for Registration under the Startup India Action Plan of Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry
  4. Advising for capital structuring and internal governance of the entity
  5. Drafting Memorandum ad Articles of Association / LLP or Partnership Agreements etc. ;
  6. Obtaining Shops & Establishment License
  7. Drafting Leave and License Agreement or Lease Agreement
  8. Drafting Employees Agreement or Contract or Appointment Letters
  9. Obtaining required approvals or permissions or licenses, for the business;
  10. Assist in appointment of various Vendors and commercial agreements with them
  11. Drafting Internal Governance Policies / Code of Conduct etc.;
  12. Assisting in registration of Intellectual Proprietary Rights (IPR) like Trademark and Copyright and Patent ;
  13. Appointment of Statutory Auditors
  14. Maintaining all Secretarial Records
  15. Setting up proper Board Process and assist in smooth conduct of all kinds of Corporate Meetings of Board/ Shareholders and with Investors
  16. Managing the accounting and pay roll requirement
  17. Digital Compliance Management
  18. Assist in Fund raising for their project
  19. Preparing the Project Report /Information Memorandum for fund raising
  20. Assist in complete due-diligence by potential investors
  21. Assisting in drafting shareholders agreement, share purchase agreement, JV agreement, Collaboration or Technology Support agreement with investors
  22. Developing ESOP Plan and other scheme to reward the Team of employees
  23. Soft skill guidance for the employee to train , groom and motivate them
  24. Assist in all kind of ForEx transactions
  25. Start of End need of any entrepreneurs for his business compliances