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For India, You don't need to form a company. Sole proprietorship is the way to begin atleast but know that all the liabilities lie on you plus a lot less tax. But do check with an accountant on GST (Taxation) stuff.

Thanks for your answer, @Ashfame. I was also thinking about starting an online business and I will go with proprietorship. Btw, do we need to register proprietorship with the government or we can start right away?
This article gives the impression that we need to register it.
cc @deadcoder0904

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