Legal Registration & business Incorporation Support
Legal registration & business Incorporation support is the registration of firm/business legally in compliance with the laws of the local & central government where the business is located. TED legal support will be provided either through freelance CA & corporate lawyers or through a law firm. The support includes registration of Sole Proprietorship, Partnership, Limited Liability Partnership, Private Limited Company, Public Limited Company and support to obtain any other supporting documents required according to the need and nature of business such as VAT, Income tax, PAN, TIN, ISI or license, GST. The legal support will be provided to both the types of applicant’s i.e applicants who have been to pre-incubation training and the applicants who only needs legal support and do don’t wish to attend the pre-incubation training as well as the incubation training.
Eligibility Criteria:
To be eligible to apply for the legal support, the entrepreneurs must meet the following criteria:
- Applicant must be a Tibetan national holding a valid and updated green book.
- Applicant should have already developed a concrete and viable business plan or have received pre-incubation training.
- Applicants must have completed at least under graduate degree from any universities & colleges or any other equivalent course
Judging Criteria:
Applicant’s application will be assessed by a team of selection committee and the advisory board of TED based on the following criteria:
- Business Model: The Business model of the applicant will be evaluated on the basis of:
- Innovativeness: The business model should be innovative to create something new or different from the existing products & services in the market.
- Sustainability: The business model should show sustainability of the business.
- Ability to scale: The business model should have the ability to scale in future.
- Financial stability: The business plan must demonstrate how they can reach long-term financial stability /growth with rational rates of return.
- Replicable: They must also demonstrate the potential to replicate their innovative business model across regions.
- Unique Value Proposition: The business model should also demonstrate the unique value proposition needed to thrive in a competitive market
- Social Impact: Applicants business plan should present the impact of their business to the community and show how it will create job opportunities from their business in the Tibetan community especially in southern Tibetan Settlements.
- Applicant Strength: Applicants will also be evaluated on the basis of the strength of their leadership, their expertise & knowledge on the business idea and their entrepreneurial drive to implement their business idea.