DEVELOPMENT

Gaming Company in India: How to Start a Company a Step by Step Guide

gaming company in India
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You have the perfect business idea to start a gaming company in India! What you’re waiting for? Start a business by registering your company’s name. However, we gathered some information to start a gaming company in India. These steps will ensure your new business well-intended.

gaming company in India

STEP 1: Design a Outline for your Company

A clear plan is essential for success as an entrepreneur. It will help you map out the particulars of your company and discover some hidden things.

  • Cost involved in opening a gaming company
  • Ongoing expenses for a gaming company
  • Target Market
  • How much can you charge customers
  • Name of your Business

Cost involved in opening a gaming company

Your business requires computers, monitors, specialized design software, printers, game consoles, employees, insurance, and an office. Moreover, plan on investing 10-15 lakhs at the initial. However, if you plan to launch a gaming business from your home without the assistance of staff, you need a high-powered computer and specialized software.

Ongoing Expenses for a Gaming Company

Hardware and software must be updated and the budget at least Rs.50,000 to Rs.90,000 per month for hardware replacements and software upgrades. However, there is another option. You can share the work with the employees from various regions and you need to pay a salary between Rs. 15,000 to Rs.25,000 per month.

Target Market

The target market is enthusiastic gamers. Everyone from kids to middle-aged adults plays video games. The kids and middle age adults are especially passionate about video games.

How Much Can You Charge Customers

Video games typically cost between Rs. 1000 to Rs. 3000. In general, high-quality video games are sold for Rs.4000 to Rs.7000 when brand new.

Name of your Business

Choosing the right name is important. Search for good names on the internet or social media platforms. When registering a business name, we recommend researching your business name by checking:

  • Your state’s business records
  • Trademark records
  • Social media platforms
  • Web domain availability

STEP 2: Establish a Legal Entity

The most common business structure types are sole proprietorship, partnership, limited liability company (LLC), and corporation. Moreover, Establishing a legal business entity as LLC or corporation protects you from being held personally responsible if your video game company is prosecuted.

STEP 3: Register for Taxes

You will need to register for a state tax before you can open for business.

STEP 4: Open a Business Bank Account and Credit Card

Using dedicated business banking and credit accounts is crucial for personal asset protection. Moreover, when your personal and business accounts are mixed, your assets are at risk in the event your business is prosecuted.

STEP 5: Set up Business Accounting

Recording your expenses and source of income is significant to understand the financial performance of your business. Keep precise and detailed accounts also greatly simplifies your annual tax filing.

STEP 6: Permits and Licenses, Trademark & Copyright Protection

Certain state permits and licenses needed to operate a video game company. Moreover, if you are developing a unique product, concept, brand, or design. To protect your rights, you need to register for trademarks and copyrights.

STEP 7: Logo and Website

You need a logo for your company. Your logo is a brand and what your company stands for, as well as how your business is observed by the public. However, you will need a website to promote your brand on the market. While creating a website, focus on design, quality, and content that justifies your company’s information.

Also read Game Development: Make Mobile Games With Unity

kkarthik
the authorkkarthik
Creative Content Writer with 3+ years of experience in writing, and publishing articles. Battlegrounds Mobile India and Call of Duty Mobile Fan!!

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