registration of software company
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(Querist) 26 October 2009
This query is : Resolved
My background
I am a software engineer and have zero information about registering a company.
My plan
I am planning to get a software(web application) developed from a S/W company for a specific industry type.Now If I want to sell this software I guess I need to register my own company. I have three more partner in this project. Currently I am planning to sell it only one time to each customer so I don't need to setup a development center at my place(no expansion plan).We are not planning to hire any additional employee for this project in our company.Its a one time sale with one year maintenance.
Questions
1) What type of company is suitable for my requirement(pvt ltd, ltd, partenership or propertership).
2) What all types of registration are required for this project to sell it without voilation of any law and with confidence of security of software.
3) What is the minimum investment in this process of registration.
4) Is it sufficient to contact to a corporate lawyer or some other type of professionals(like CA) are also required.
5) I may not able to think more questions at this point if time due to lack of knowledge in this domain.I am sure you must have more suggestions to tell which will help me in the process of registration.
A V Vishal
(Expert) 26 October 2009
There is absolutely no necessity to form any type of business viz partnership/company to market your product, you will require to register the product under IPR laws by a patent/trademark to secure and avoid misuse and infringement of the product in the future. It is advisable to contact a good lawyer dealing in IPR/Trademarks/Corporate laws and have a one to one discussion and sort out the issues involved in sale of such intellctual property and draft a good agreement to avoid misuse of the s/w.
adv. rajeev ( rajoo )
(Expert) 27 October 2009
I do agree with Vishal. You have another three partners to avoid the future consequences it is better to register by forming pvt., ltd., co.,/partnership.It is better to have an advocate and CA to look after legal formalites and accounts.
PJANARDHANA REDDY
(Expert) 27 October 2009
ENTRUST THESE WORK TO AN ADVOCATE WHO CAN HANDLE COMPANY AFFAIRS.
Sudharsan.m
(Expert) 27 October 2009
Kindly go through the LIMITED LIABILITY PARTNERSHIP ACT, which gives both company status and also limiting the liability your investment later on only those copy right and other stuffs will come and more over if you are selling that product then you will be having license to sell then IPR may not apply.
