Member Avatar for joyguy.cool

hi

i wanted to start a IT company...
can i have pointers to how to start to process and how to work upon the same.

regards
venkat

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Quick, practical starter that builds on posts by , and and answers the thread question raised by and . The first priority is the business model and revenue plan: whether the venture will sell services, products, or both drives legal form, pricing, staffing and upfront costs. is right to push a written business plan — that plan shows when simple registration is enough and when incorporation or investors are needed. and are also correct that registering the company is a necessary administrative step, but registration alone does not make a business viable.

Practical checklist of immediate items to handle: decide structure (sole trader/partnership/LLC/private limited), reserve a name, register with the local company registry, obtain tax IDs, open a separate business bank account, create standard client contracts and NDAs, set up basic bookkeeping and invoices, and insure for professional liability where applicable. Start lean: validate with contractors or freelance contracts before taking on fixed payroll commitments. Country entry points: US state registration and the SBA guide Choose a business structure and federal EIN at the IRS Apply for an EIN. UK filings are handled at Companies House Set up a limited company. India details begin at the Ministry of Corporate Affairs MCA.

Costs, timelines and tax rules vary widely by country and entity type; consult a local accountant or formation service for filing specifics and compliance. Common early mistakes to avoid: no revenue model, mixing personal and business finances, relying on informal client agreements, and skipping required tax registrations.

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Member Avatar for mark12

you can start in IT company that you excell your skills...and go to the IT company that has looking a new trends and maybe you are the answer for them...

Member Avatar for privina

Mr Venkat

I also have such doubt can u clarify me.

Thank u

Member Avatar for binoj_daniel

To Start an IT company even before you do anything you need to work on a good Business Plan and Revenue Model. You Business Plan and Revenue model will help you decide how to proceed to achive your set goals in your business model.

Member Avatar for binoj_daniel

So, Start working on a Business Writeup. A planned execution is always help you in long run if you want to stay for long.

Member Avatar for alasuraj

first u register your company.

Member Avatar for binoj_daniel

first u register your company.

Registering a company is not a big deal, Its the plan which would drive it.

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