Procedure for getting a business registered in India

Hi Everyone,

I'm from India and I'm planning to start a new website very soon. I had some questions before I go ahead.

The site will contain articles posted by multiple members from around the world and they would be paid for the same.

I wanted to know should I get the website registered and keep separate accounts for any transactions that happen or should I just start it without registering it as a separate entity.

I spoke to someone earlier and they advised to get it registered so in future if the website grows big and if there's any legal issues I won't be affected and also it would deal with paying international members.

Any suggestions will be appreciated.