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Rohan Kute
Business | infograph... • 8m
Since you’re in the early stage and working on your MVP, there’s no urgent need to register your business immediately. First, focus on validating your idea see if people are genuinely interested and willing to pay for your service. Once you start generating consistent income, that’s when you should think about registering your business starting with a simple sole proprietorship works well. As for Income Tax (IT) filing, you only need to file once you start earning. Until then, just keep a record of any expenses or small earnings so you’re ready when the time comes. When your brand gains momentum, you can take the next steps like opening a business bank account, applying for GST (if needed), and eventually moving to a more formal structure like a private limited company.
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