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I am working on developing innovation management service and I am at very early stage preparing a trial program to test my model. But I have been advised to register as Pvt Ltd at first .What should I do?

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If you want to convey that you are serious about launching the business, it does help to register the business. Many countries such as India need to know if the business is private or public and hence the pvt (private limited) business registration. Here in the United States, some people will hold off because the business is very conceptual; i.e. it's just an idea and you need to validate the idea with a test group before launch. I usually advise clients that if you are soliciting to the public in some way about your concept or idea, then you should register the business since the government can claim that you are actively engaged in some form of commerce or solicitation. If you want to avoid registering the business, then make sure to keep your test model very private and non-public so the government cannot claim you are soliciting yourself as a business.

Report Matt's answer

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In India, It is Not Mandatory for you to register your business as Private Limited, you can run as Sole Proprietorship at all initial stages. you have to do Pvt Ltd if you want to go public and raise fund by issuing shares in later stages.

Report Dr. Jejeswar's answer

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Just start, focus on idea and implementation of it first. Get your product ready properly, make it sure it's user friendly or must have enough demand or useful to large amount of consumers. Rest marketing and advertising shall fulfill later... All the best.

Report Piyush's answer

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You probably should. Assuring ownership of whatever IP you're developing will likely be easier if you already have an Pvt Ltd.

Report Jabari's answer

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