You got an idea; you started working on it, maybe with some friends or with some hired developers or even alone. The thought of getting your startup incorporated strikes you occasionally but you don't really know if it's indeed required or not. Your confusion is right; there is no thumb rule about incorporation. The decision needs to take a lot of factors into consideration like the number of co-founders, the chemistry between them; is a startup making money, does it need investment etc.
Getting a startup or business incorporated is a critical decision for any entrepreneur. Starting from the very first question of whether you need or you need not to incorporate to what legal entity should be chosen for incorporating your startup, everything requires diligent planning. Here's a primer of the various type of legal entities possible and comparison of their basic attributes to help an entrepreneur choose the right legal entity for your startup.WHAT'S HAPPENING
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JITENDER RANKA, offering Skills: Finance/Accounting, Location - Bikaner |
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When I joined the group, I just had an idea of starting my own venture. The group provided me a lot of support, motivation and the guidance from mentors and other group members which helped me realize my dream of starting my on venture Brainwrites.
- Mohit Thukral
Entrepreneurship is a tough game and we too faced a lot of challenges in starting up Invistore. The most beneficial aspect of a support system like W2E is that it keeps you moving. The group discussions, the framework etc. help find out solutions in those difficult situations and move.
- Rahul Singh
