š” Not Every Registered Pvt Ltd/LLP/Firm is a Startup! š Just because your business is registered as a Private Limited Company, LLP, or Partnership Firm doesnāt automatically make it a Startup. Thereās a clear definition in the notification issued by Govt of India: ā Incorporated within the last 10 years ā Annual turnover below ā¹100 crore in any financial year since incorporation ā 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 ā A business formed by splitting up or reconstruction of an existing business is NOT a startup. š Make sure your business meets these criteria before calling it a startup! š„ #StartupIndia #BusinessTips #Entrepreneurship
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