Starting up the right saves a lot of time and money. So follow these steps to register an interior design firm the right way.
The first step is to decide in which legal structure you want to incorporate your business.
Although, the decision will depend on your future plans, the scale of business, investment capacity and many other factors.
You can register an interior design firm as:
Every structure may have its pros and cons.
However, private limited company registration is the most common business structure and is also preferred by investors.
If you have already decided on your business name, then skip this step.
If not, then here’s how to choose a great name for your interior designing firm.
Now, how to come up with a name that is unique, catchy, easy to pronounce and suits your business type?
Simply, sit with your best people and start brainstorming and list down each and every word that comes to your mind related to your business.
It can be of another language, typical, funny, or out of the box.
Once you get all of it on paper, mix and match the words.
You can try adding words like wood, colour words, texture-related words, shapes name etc.
When you come up with at least five jaw-dropping names, it's time to take the legal step.
For this purpose, get in touch with our experts who will help you out with:
It usually takes 48 hours to receive approval from the government.
Once the MCA approves the name, it is reserved for 15 days.
Government Fee for Name Reservation - Rs. 1000/-.
For extending the name reservation period, you will have to file an application separately with extra charges.
For registering your interior design firm, your consultant will need some important details.
For this purpose, they will share a form in which you have to fill out the following details:
Once you fill out the form, your consultant will verify the details and will ask you if any more clarification is necessary.
The details you share will also be used to draft the MoA (Memorandum of Association) and AoA (Article of Association) of your interior design firm.
In this step, you will have to share all the supporting documents for the information filled out in the form.
Share the following documents with your assigned expert to start the further application process.
In case you have a doubt about any document or are unable to present one, you will find us just a call away.
This is a very crucial step for which you will require an expert.
The MoA (Memorandum of Association) and AoA ( Article of Association) are the documents that go along with the company registration form.
Why is it important to draft a strong MoA and correct AoA?
A Memorandum of Association (MoA) clearly defines the operational activities and functions of the business.
It includes the following:
The Article of Association (AoA) includes the following:
Once the company registers with the final MoA and AoA, you will be bound to do the only activities included.
Thus, the MoA and AoA have complete control over the functioning of a business.
However, you can make amendments to MoA with Form MGT-14, if there is any change of activities in the business.
But, to avoid any mistake in the first filling, our experts will get approval from you once the MoA is drafted and reconfirm all your activities.
It is the last step of registering an Interior Design Firm.
Our experts will draft a strong application and will make sure all the information is correct.
After that, we will submit the application on the MCA Portal.
It may take around 8-10 business days to receive the incorporation certificate from the Ministry of Corporate Affairs.
Furthermore, you will also need to open a business bank account.
After that, you can also apply for GST Registration (if required).
The HSN Code for Interior Designing is 998391. It will be required during GST Registration to categorize your business activity.
Apart from that, you will not require any specific license to start an interior design firm in India.
The Indian Interior Design Industry is expected to reach USD 38.2 Billion by the year 2027. To clarify it is expected to grow by 7.4% CAGR in the 2021-27 forecast period.
Besides, the interior design market depends largely on the growth in the real estate industry.
The registration process for an interior design firm is as simple as registering any other business.
But, when it comes to the legal part, it might seem tricky.
This is where StartEazy comes into the picture.
Our experts will understand your business, explain all the relevant registrations and licenses and give you the right consultation for your business.