Question 1

Why is Legal Documentation necessary?

Accepted Answer

Legal Documentation means every minute thing related to business is recorded and part of government record since most of these documents are registered and notarised and therefore for any future dispute you can always refer to your documents to see what was the understanding of the parties, co-founders & shareholders that was documented officially.

Question 2

Are ready-made legal templates or formats recommended?

Accepted Answer

Legal Templates and formats are general in nature and not customized to suit every business and startup which is unique in its product or service delivery and operations.

Question 3

Is a Legal Advisor worth it?

Accepted Answer

Spending money on proper timely legal advice is better than later engaging expensive lawyers if things go wrong because of a lack of knowledge about mandatory legal registrations, compliances & documentation.

Question 4

Do I need a Lawyer to start a Business?

Accepted Answer

You will need a Lawyer for:

Navigating you in the process of legal documents, like incorporation documents, registrations, compliances.
Relieving you to focus on other aspects of the business so you don't have to spend time doing legal processes.

Question 5

How can I start a business?

Accepted Answer

Step 1: Structuring of the Business ( Pvt Ltd, LLP, OPC)

Step 2: Incorporation

Step 3: Business registration with Statutory Bodies

Step 4: Tax registration

Step 5: Other Steps

a) Patents, trademarks, and/or design registration

b) Import Export Licenses

c) Labour /Employment registration

Business Registration -	Charges
1. Private Ltd. Company	7400
2. Limited Liability Partnership	7500
3. One Person company	6499
4. Nidhi Company	16499
5. Producer CompanyStart-Up	25999
6. Partnership Firm	2000
7. Sole Proprietorship	2350
8. Start-Up India	15000
9. Section 8 Company	24500
10. Corporate Compliances:
- Companies Registration under 1956 &2013	15000
· LLP	8000
· Changes in companies & LLP –	2449
a. Director Appointment	2449
b. Director Registration	2449
c. Increase in Authorised Capital	6999
d. Increase in Paid-up capital	6999
e. Strike off of Pvt Ltd.	9999
f. Changes in Object & Activity	3579
g. Changes of Address	2449
h. Changes Company Name	5499
11. Digital Signature
Class Of Digital signature Certificate
Class 3 Individual	1499
(Encryption/Signature)	1499
Class 3 Organization	1999
(Encryption/Signature)	1999
Class 3 Combo	2999
(Encryption + Signature)	2999
DGFT	2082
Class 2 Document Signer	22221

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