The information technology and software industry in India has a major contribution to the country’s progressive economic performance. A person who is passionate about programming and has ability to develop software for business, starting his own IT Company will be a perfect and wise decision for him. As a start up you need to follow some specific requirements and procedures that are dictated by India’s enterprise regulations including provisions on business endeavors within the IT sector.
Compliance For IT Company
As a start up IT Company you need to focus on the registration process for registering companies in India. You will need to decide whether you want to run the organization as llp, Pvt. Ltd. or as a limited company. After the company has been formally incorporated you will need to have Pan Card and a current bank account for carrying out the operations.
STPI License For IT Company
The STPI licenses meant exclusively for start up software companies operating in India and provide them with several benefits like zero tax for 5 years and no export or import duty for hardware and software product. The license holder can also avail office spaces at lower cost than usual rate. For detail you may visit www.stpi.in
Location For IT Company
A location that has the most appropriate infrastructural facilities such as consistent internet facility and connection should be chosen. You will also need to consider the size of your company and the number of employees. You may start the operation with a small office having enough space to place a couple of computers and then transfer to a bigger one as your company starts making revenues.
Products For IT Company
There are mainly two sectors in IT industry. One is software product and other is software services. You will need to determine the specific products and services that you are going to offer with consideration of the feasibility and profitability and also the target market. You need to focus on creating new channels for distribution that provide solution in more effective way. As a start up you need to come up with a beta version product. And once a complete product is ready it should be protected through copyrights, patents and trademark.
Resources For IT Company
Software IT company is a specialized type of business that requires you to employ individuals with high technological skills, higher educational knowledge and knowledge of software development. Choose wisely when picking employees. Take your time to build a team that can work harmoniously together and deliver quality work. If you focus on a specific industry, make sure you are hiring experts with experience in specific domain. At the end you need to remember, employees success is going to help the organization to achieve its objectives.
Get Projects For IT Company
The internet has made the global market accessible for small companies. Identify gaps in the market for new banks, restaurants and retail stores. To start with it is essential to focus on a small group in a particular location. To get projects you can try various freelance sites that are available.