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For a web startup in India, all you need to do is fill out an application to register as a proprietorship or partnership and start hacking away. The proprietors
by cmadan 14y ago
For a web startup in India, all you need to do is fill out an application to register as a proprietorship or partnership and start hacking away. The proprietorship form takes about 30 minutes to fill out and is processed in two weeks and you don't need to pay a bribe.
Once you scale up such that you need to change from a simple proprietorship to something more structured such as a private limited company you can hire a lawyer to do that for you. You could incorporate in India, USA or Singapore - whichever one suits you. I know startups in all three of these categories.
As for the non-conformity and risk-taking - I think that is exactly the point the blog author is trying to address - someone has to be the first one to stop conforming to the societal roles and IITians should lead the way.
- nsomaru 14y agoWhy would people incorporate in the States/Singapore?
- movingahead 14y agoIndian company laws aren't very startup friendly. Also, if you are looking to raise investment from a US based VC, they are much more comfortable in investing in an environment they know better. Also, there are quite specific advantages of incorporating in USA. Indian payment gateway providers don't offer the same set of features that the Western providers do. This may have changed lately as more payment startups have started in India. PS: This is based on what I hear from founders at various conferences in Bangalore, and not on first-hand experience.