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The startup is considered the business entity/ organization that exists in the nascent stage & is typically characterized by uncertainty as well as risk. So, such organizations will be formed when the founders will be finding something negative within the system that they already work in as well as intending to solve the problems through the creation of a new organization of their own.
Read also this -: https://startupregistrationinindia.blogspot.com/2023/11/what-steps-register-startup-india-.html
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