Can a Startup Operate Without Registering the Business? 🚀⚖️
Got a brilliant startup idea but worried about registration hassles? 🤔 Can you legally run a business without registering it? Let’s clear the air! 🚀
🔍 Is Business Registration Mandatory in India? #StartupLaw #BusinessCompliance #Entrepreneurship
✅ No, registration is not mandatory for small businesses or freelancers! 🏆
✅ You can start as a sole proprietor using your personal PAN & bank account. 🏦
✅ GST registration is only required if turnover exceeds ₹40 lakh (₹20 lakh for services).
📌 When Does Business Registration Become Necessary? #StartupIndia #LegalStartup
🔹 If you want to raise funding or get loans from investors/banks. 💰
🔹 If you need a business bank account – Banks prefer registered entities. 🏦
🔹 If you are dealing with corporate clients – Many require a legal entity. 📜
⚠️ Risks of Running an Unregistered Business #BusinessRisks #LegalHelp
🚫 Limited liability protection – Personal assets are at risk! 🏠
🚫 Difficult to scale & expand – No access to startup benefits. 📈
🚫 No brand protection – Someone else can register your business name! 🛑
💡 Best Legal Structures for Startups #CompanyFormation #StartupGrowth
✔️ Sole Proprietorship – Simple, but no liability protection. ✅
✔️ LLP (Limited Liability Partnership) – Protects personal assets. ⚖️
✔️ Private Limited Company – Best for scaling, funding & branding. 🚀
⚖️ Need Help Registering Your Startup? LEXIS AND COMPANY assists in company formation, tax compliance & legal documentation! 📜✅
📲 Call now: +91-9051112233
🌐 Website: https://www.lexcliq.com
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