1 Pressure-test your idea & study the market
Great compliance can’t rescue a bad product fit. Spend a week on desk research, talk to ten target customers and identify one clear pain-point your solution solves. Build a one-page financial model to see if unit economics stay positive after GST and logistics costs.
2 Pick the right legal structure
Choose an entity that matches risk appetite, ownership plans and investor expectations. (See the “Entity Choice Cheat-Sheet” table below.)
3 Secure digital IDs for the founders
Digital Signature Certificate (DSC) for every director/partner.
DIN or DPIN now issued automatically inside the SPICe+ or FiLLiP forms, so one e-filing does it all.
4 Reserve the name & file incorporation
Use RUN for LLPs or the SPICe+ Part-A module for companies.
Avoid words like Bank, Stock Exchange or Insurance unless a regulator NOC is ready.
Submit registered-office proof and e-sign the charter documents (MoA/AoA or LLP Agreement draft).
5 Obtain core tax registrations
PAN and TAN are allotted with the approval email.
Most businesses also need:
GSTIN (mandatory if turnover will cross ₹40 lakh or if you sell online).
Shops & Establishments Act licence in your state or UT.
IEC for import-export within 24 hours on the DGFT portal.
6 Open the bank account & inject capital
Banks insist on the Certificate of Incorporation, PAN card and board/partner resolution. Wire the paid-up capital within 30 days and keep the advice slip—ROC may ask for proof during the first annual filing.
7 Complete post-incorporation compliances
First board/partner meeting within 30 days.
Issue share or capital contribution certificates.
Register for EPFO & ESIC if staff strength hits the statutory threshold.
Set up a cloud accounting ledger from day one—late bookkeeping is the root of 90 % of penalty notices we fix.
Beacon Filing’s dashboard chains all seven steps into one live checklist and auto-generates the required resolutions or e-forms at each stage.
Road-map at a glance
Step | Core action | Key government form/portal | Typical timeline (working days) | Beacon Filing edge |
1 | Validate idea & market | — | 3–5 | Sector feasibility memo + pricing model template |
2 | Choose legal structure | — | 1 | Entity‑selector quiz plus CA call |
3 | Secure DSC & DIN/DPIN | eMudhra, SPICe+ or FiLLiP | 2 | Bulk e‑KYC upload handled by us |
4 | Name reservation & filing | RUN or SPICe+ Part A, then Part B | 3–7 | Three name options vetted for trademark clashes |
5 | Tax registrations | GST portal, DGFT, state S&E | 1–4 | Parallel filing to shave days off the clock |
6 | Bank account & capital infusion | Bank CMS, RBI FDI‑SMO if foreign money | 2–5 | Pre‑approved CA certificate speeds up activation |
7 | Post‑incorporation compliances | ROC e‑forms, EPFO/ESIC portals | 30 | Portal reminds you, drafts minutes, e‑files forms |
Entity Choice Cheat-Sheet
Entity type | Liability exposure | Ideal for | Headline tax rate FY 2025‑26 |
Private Limited Company | Limited | VC‑backed, high‑growth ventures | 22 % + SC + cess |
Limited Liability Partnership (LLP) | Limited | Professional & capital‑light services | 30 % + SC + cess |
One Person Company (OPC) | Limited | Solo founders seeking company status | 22 % + SC + cess |
Partnership Firm | Unlimited | Small family businesses, local trading | Slab rates in partners’ hands |
Sole Proprietorship | Unlimited | Freelancers and micro‑businesses | Individual slab rates |
Why Beacon Filing beats a do-it-yourself approach
One dashboard, zero paperwork: every document you sign is generated and archived automatically.
Sector-cap & FEMA compliance baked in: no nasty RBI letters six months later.
CA-verified bookkeeping from day one: our ledgers sync with your bank feed, keeping the first audit painless.
Flat fee, no hidden extras: includes all ROC forms, stamp duty, GST and IEC filings plus the first-year compliance kit.
Ready to turn your idea into a registered Indian business?
Book a free 30-minute discovery call and let Beacon Filing turn the seven-step marathon into a guided sprint.
Disclaimer (23 July 2025): Regulations evolve. This playbook is general guidance—always seek personalised professional advice before acting.
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