How to start a Gaming Company | A six step guide

With the increase in craze for mobile games among GEN Z and GEN ALPHA. Are you looking to learn how to start a gaming company? Many gaming companies are launching trendy gaming apps in the market. Above all, they are making huge profits as their players are ready to pay real money to access certain levels and in-game purchases.

 

Six Easy Steps to start your Gaming Company

 

• Decide the type of Game

 

Firstly, decide what type of game you want to create in your gaming company. After that, do market research and plan your gaming business based on the most recent trend or idea. Most importantly, your concept must be original and one-of-a-kind so that people are drawn to your games.

Types of Games- Action, MOBA, Battle Royale, Casual, Card, Role-Playing, Puzzle, Adventure, Racing, Strategy, Arcade, Sports, Trivia, Word Game.

 

• Choose the platform

 

Secondly, choose the platform on which you want to launch your games, such as Android, iOS, or Windows. Focus on the platform which you think has the most of your potential players. 

 

• Find an Investor

 

Thirdly, find an investor willing to invest in your products and assist you in launching your game. You can apply for a business loan, ask for the help of family or friends, meet with private investors or try crowdfunding.

 

• Build a strong team

 

Meanwhile, there is a need for a good strong team to create good games because one person cannot create a game on their own. Hire music artists, graphic designers, voice-overs, etc.

 

• Plan Everything

 

Further, plan everything for your business, from creating a game to launching it, and execute the plan after you have created it.

 

• Create an Entity

 

After that, create an entity for your gaming business. That is to say, if you want to consolidate your gaming business, you have several options, such as Private Limited Company, Partnership, Sole Proprietorship, Limited Liability Partnership (LLP) etc. 

The above mentioned are six easy steps on how to start a gaming company.

 

 

Legal Necessities to Start a Gaming Company

 

• Trademark
• Copyright
• Privacy Policy. 
• Terms and Conditions
• Eula (End-User License Agreement}

 

Trademark 

 

It is the distinctive mark for the name, logo and uniqueness of your company. Make sure to secure one as they are the first thing that your user's notice. For Online Trademark Registration you can reach out to us at StartEazy.

Moreover, trademark registration prevents others from copying your game title and your unique logo. Above all, it proves that you are the sole owner and all the rights belong to you, therefore, only you can make any decisions regarding the sale, purchase, or modification of your game. To check for potential trademarks, you can always do a Trademark Search.

 

Copyright

 

Copyright serves as a protector for your games so no one can steal or copy your work. By registering for copyright, you restrict the rights for anyone to compromise with your invention.

Most importantly, make sure the people working with you in developing the game such as the music team, voiceovers, graphic designers are signing the potential intellectual property rights over to your company.

However, if they are your employees it is mentioned in their employment contract as "Assignment of Intellectual Property". In conclusion, it prevents them from individually registering their copyrights in your game or make it difficult to launch your game. Copyright registration is an easy online task. 

 

Privacy Policy

 

This explains how you are collecting your user's data and how you are protecting it. Moreover, it ensures that the data is not disclosing to any other third party without the user's consent. Generate your Privacy Policy Online.

 

Terms and Conditions

 

It includes Intellectual Property Interests, Standards of Community, Payment Requirements and restricted uses. Most importantly, it gives you the right to block any gaming account from harassing someone or involved in any illegal activities.

 

EULA (End-User License Agreement)

 

This license gives players the right to use your gaming application. To clarify, it applies when your user download, install and use your game. Moreover, they can do it without the need for a constant internet connection or a cloud server. 

However, if you are using the Apple Store to distribute your game you do not need a EULA. The Apple Store has its own default Eula which protect your game rights.

 

Other Required Legal Agreements to start a Gaming Company:

Cookies Policy

Return/Refund Policy

Now if you are looking for a perfect day to start your company then have a look at Auspicious Day to Start Business in 2021

 

Key Points to remember before starting a Gaming Company

 

• Choose a reliable software provider- Getting proper software is important in launching a mobile game, as it defines the playing expectations. Therefore, making a deal with a reputable provider of software is essential. Give proper care to all the aspects. For instance, gaming characteristics, conditions for personal assistance, certifications and technical help.

 

• GST Registration- Apply for the GST after opening the companies bank account and infusing the initial capital to it. However, you do not need a GST number if your annual income is below the threshold of Rs. 20 lakh per annum.