An LLP combines the benefits of a company and a partnership. It’s easy to incorporate, offers limited liability, and is suitable for small and medium businesses.

Always register your company, protect your IP early, and have proper agreements in place to avoid legal disputes and ownership issues.

Trademark registration prevents others from using your brand name and builds credibility with consumers and investors.

With MSME status, businesses can avail various government schemes, protection from delayed payments, and priority sector lending.

It outlines each founder’s roles, responsibilities, equity share, and what happens if someone exits or disputes arise.

Maintain clean records, claim deductions, and ensure compliance with deadlines to avoid penalties and legal troubles.