Documents Required for Startup Registration

A startup is an entity formed by one or a group of partners entrepreneurs. Such startups often set up a unique identity and motive for producing something that hasn’t been developed.

Most startups are innovative and have creative ideas, which set them apart and let them take over the market. To boost the notion of entrepreneurship, employment, and innovation in the country, the Indian Government has launched a program called Startup India a few years back to help such ideas.

So let’s move forward and look into the Documents Required for Startup Registration. The main objective of such an initiative is to lay off the foundation where new business ideas can thrive without legal and financial obstacles.

It would benefit the businesses in many ways and reap solid recognition in their specific market. The Startup India Scheme is a flagship initiative of the Indian Government to build a strong eco-system for Startups in the country that will drive sustainable economic growth and generate large-scale employment opportunities.

Essential Legal Documents for Startups

With the drive to manifest business success, Startups often indulge themselves in legal troubles. Therefore, be ready with the list of Documents Required For Startup Registration mentioned below to avoid such legal matters.

1. Founders Agreement — This document contains the consent of all the founders of the company. It also states all the responsibilities, ownerships, and investments made by each founder, respectively.
2. Certificate of Incorporation — Certificate of Incorporation is a legal document that formalizes the company as a legal company and marks the company’s existence.
3. NOC — NOC stands for no objection certificate. The company issued this certificate stating the list of items against which the signee has no objection.
4. Non Disclosure Agreement — A Non-Disclosure Agreement is a legally binding document between two parties where they mutually agree not to share any confidential information outside.
5. Employee Contracts — Employees form the backbone of the company. Your business is in the long run, and many employees will be terminated or onboarded but keeping the policy constant is very important. Hence employee offer letters and other such contracts form a part of essential documents.
6. Business Plan — Lastly, one of the essential documents is a business plan. The success of huge companies is their well-organized business plan. A business plan is a document that contains all the ways and rules of how to run your particular business.

Hence these are some of the essential documents you must have before starting with your company, but issuing these documents isn’t an easy task.

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