๐ก Not Every Registered Pvt Ltd/LLP/Firm is a Startup! ๐ Just because your business is registered as a Private Limited Company, LLP, or Partnership Firm doesnโt automatically make it a Startup. Thereโs a clear definition in the notification issued by Govt of India: โ Incorporated within the last 10 years โ Annual turnover below โน100 crore in any financial year since incorporation โ 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 A business formed by splitting up or reconstruction of an existing business is NOT a startup. ๐ Make sure your business meets these criteria before calling it a startup! ๐ฅ #StartupIndia #BusinessTips #Entrepreneurship
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