Introduction
Nowadays business of gaming development is growing because people are playing games on their phones, laptop, PC, television. Mobile games are very popular and easy to play anytime and anywhere. If you are thinking of starting a gaming development company then you can earn good money from it but you have to take care of some legal registration so in future you don’t have to face legal trouble. This article talks about registration of company and PAN card of company.
How to start Gaming Development Company
- First you have to conduct a market research because it is very important before starting any business, after market research you will get an idea about the profit making in gaming development company and you will know about the competitors and also you will get to know about the interest of audience so you can make a game according to interest of audience.
- You have to decide whether you want to make game for computers or mobile.
- Then you have to find investors so it will be easy for you to incorporate a company.
- When you start a gaming developing company it requires huge capital and investor will help you by investing capital in your business. Finding investor is important key for your new business.
- Then you have to find a place where your team can work and you have to purchase the equipment for your company.
- You have to hire some experienced people for making new games for your company. When your game is prepared you can launch your game and make money from it.
- Business registration is important for your gaming business because without registration you cannot start a company. You can start your business as one Person Company or Private limited company.
- If you are a single owner of your business then you can incorporate your business as one person company (OPC) as it requires only one person during incorporation of the company.
- It is a separate legal entity which can sue or can be sued and you will not be liable personally because it is separate legal entity.
- One person company is regulated by companies act and all compliances are required to be done under the Ministry of corporate affairs.
- If you want to incorporate your one person company then you have to register it under the Ministry of corporate affairs.
- Online registration can be done through online mode for which you have to visit the official website of Ministry of corporate affairs.
- Online process is very simple you have to choose a name for your company first then you have to file your incorporate form along with required documents. After successful submission you will get your incorporation certificate.
- If there are two or more person in your game developing business then you can incorporate your own private limited company as it requires minimum 2 person for incorporation of private limited company. Private limited company is a separate legal entity which can sue or can be sued.
- Private limited company has many benefits and it is regulated by companies act and a private limited company has to comply with rules and regulation of ministry of corporate affairs.
- All yearly compliance’s should be done under the registrar of firms. Company registration can be done through online mode for which you have to reserve a name for your company through web run services which is available on the website of ministry of corporate affairs.
- After reserve a name you have to file an incorporation form along with memorandum of association and article of association.
- After filing of incorporation form you will get your incorporation certificate and you have to comply with rules and regulation of MCA.
- Filing of income tax return of your company is important and without PAN card you cannot file your income tax return so you should make a PAN card on the name of your company so in future you can easily file your company’s tax.
- You can apply for pan card online through website of NSDL which is issuing PAN card. You can apply for pan card by filing registration form along with required documents and after few days of submission of form you will get your PAN number.
Conclusion
If you are thinking of starting a business of game development then first you have to make a good team so they can make a good game and you have to complete some legal registrations.
You can incorporate your company as one person company or private limited company and these registration can be done thorough online mode and you have to make a PAN card for your company because without PAN card you cannot file income tax return of your company. You can apply for PAN card online. So you should take care of above given points it will secure your business.
