I’m starting a website called bikeduck.com and planning a fun bike rally in Bangalore. We’re not a registered company yet, just a group of passionate cyclists. Do we need any special legal steps before asking businesses for sponsorship?

As an unregistered group organizing a bike rally, you’ll need to legally establish yourselves for sponsorship. You can either register as a non-profit organization or, if seeking profit, register as a company. This will ensure transparency and legal validity for receiving sponsorship.