3.Designing a project

Once you had a clear vision about the idea and its possibilities you can start with the design part.

The entrepreneur might have a sound knowledge about different types of start-up designs like ‘’ proprietorship, partnership, LLP, Pvt Ltd. Public Ltd companies. While you are selecting one of them you must consider two things; first you must be capable to handle the liabilities, secondly the requirement of capital investment for your project. Every model has its strength and weakness which you have to consider while registers your start-up. The Structure, size and characteristics also play a vital role. You need not to register a private or public limited companies for a small level projects. It can be accomplished with a proprietorship or partnership firm. If you do not intend to start with a co-founder then it is advisable for a proprietorship form. At the same time Private and public limited companies have more professional acceptance among banks and investors. If you have a plan to go with more directors and much higher capital, then it will be better to proceed with a public limited firm which can offer you a wider platform to develop your business. You have to get a clear idea about the size, structure, number of directors, capital investment etc.