How to start your own software company
To do business in India, it is necessary to have a guidance that how we should do business and take that business to new heights. It is not difficult to open a software company but without any knowledge and a best business plan, the company can sink.
Types of software company
You will find two types of software companies in India
1. Service or Consulting Based
This type of company provides service to the customer like business consulting, information technology, outsourcing
Ex. Wipro, IBM, Infosys
2. Product or Development Based
While it provides a managed position in the Venue to Product and Development Based Companies.
Ex. Amazon, Google, Microsoft
Steps to Open a Software Company in India
1. Collect funds
First of all you should have fund to start company you can take bank loan or crowdfunding, angel investment, venture capital can get help from
2. Create Business Plan
If you want to make business grow quickly, then you should start a company to make a best business plan.If you have a perfect business plan then you can quickly become a customer with Grow
3. Decide the structure of Business organization
First you decide whether you have to provide your facility all over India or in any local area, in such a situation it will be easy for you to understand marketing.
4. Select the right Area\Region for Business
Before starting a software company, you have to choose the right area, which plays the main role in the growth of the software company. Cities with tech hubs which are famous for technology like Mumbai, Noida, Bangalore
5. Register the software company
You have to get your company registered with the Registrar of Companies. That is, for this you have to give 4 such names which no one else has given yet. For the software company, you will also have to fill a form in which the personal information of the company will have to be filled.To start a software company in India, you will first need a legal entity, for this you choose a suitable entity.
Sole Proprietorship firms
It is not considered a company but it is a best legal entity to work in a best idea
Partnership firms
Along with the business owner, there is also a co-founder who works in the ideas of the company.
LLP (Limeted Liability or private limited company)
It is called the real company of business in India, more than 90% of the owners register their company with this name.
Some common documents will be required to start a software company
.Pan card
. Aadhar card
.voter ID
. Driving license
Utility bills copy or rent agreement will also serve as business proof
Apart from these, license and legal registration will be required for the software company.
such as for consulting business
There are some other minor tasks that have to be done.
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