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CA Chandan Shahi

Startups | Tax | Acc...ย โ€ขย 4m

๐Ÿ’ก Not Every Registered Pvt Ltd/LLP/Firm is a Startup! ๐Ÿš€ Just because your business is registered as a Private Limited Company, LLP, or Partnership Firm doesnโ€™t automatically make it a Startup. Thereโ€™s a clear definition in the notification issued by Govt of India: โœ… Incorporated within the last 10 years โœ… Annual turnover below โ‚น100 crore in any financial year since incorporation โœ… Working towards innovation, development, or improvement of products, processes, or services OR a scalable business model with high potential for employment generation or wealth creation โŒ A business formed by splitting up or reconstruction of an existing business is NOT a startup. ๐Ÿ‘‰ Make sure your business meets these criteria before calling it a startup! ๐Ÿ”ฅ #StartupIndia #BusinessTips #Entrepreneurship

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