There are various laws and regulations applicable on a business, which have to be complied with.These regulations are applicable on the basis of location, activity and on the type of entity. Before commencing any business, it is advisable to conduct a thorough research on the applicable certifications, registrations or licenses that are required to be taken. Following are various kinds of registrations which might be required to be taken for your business:
>Trust Registration
> Society Registration
> Shop & Establishment Registration
> MSME Registration
> Import Export Code
> FSSAI License
> GST Registration
> Drug License
There are various laws and regulations applicable on a business, which have to be complied with.These regulations are applicable on the basis of location, activity and on the type of entity. Before commencing any business, it is advisable to conduct a thorough research on the applicable certifications, registrations or licenses that are required to be taken. Following are various kinds of registrations which might be required to be taken for your business:
>Trust Registration
> Society Registration
> Shop & Establishment Registration
> MSME Registration
> Import Export Code
> FSSAI License
> GST Registration
> Drug License
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START YOUR BUSINESS IN INDIA
Have an idea to start a business in India, don't wait we at Bizlegal provide startup friendly services, following are our USP's:
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Register your startup in just 7 Days
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Simple and Online Documentation
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Transparent and reasonable Pricing as compared to 75% of law firms
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Always available for clarifying doubts and solving problems.
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Smooth Servicing without any hassles.
We help and support entrepreneurs in their journey to conduct their businesses in a seamless manner.
FORMS OF BUSINESS YOU MAY CHOOSE
REGISTER COMPANY
A Private Limited Company is the most preferred form of business for Startup India, It is easy to incorporate and manage. Angel investor and any other long-term investor insist on a Company for making the investment.
FORM SOLE-PROPRIETORSHIP
It is for small business with a low budget, like small shops may open their store as a proprietorship concern. It's a one-person show where all profits and loss goes to the proprietor alone. Proprietorship business cannot be registered as such. However, all other registration may apply.
REGISTER LLP
Limited Liability Partnership is an advancement over the traditional partnership firms, with some characteristic features of a company, like limited liability. It lacks potential to grow and is not preferred for funding.
REGISTER OPC
Now you can form a company with just one person as shareholder and director. You need another person to become your nominee. However, an OPC needs to convert as a private/public company in case its capital crosses 50 Lacs, and the turnover exceeds 2 Crores.
FORM PARTNERSHIP
You can start a partnership firm by just signing a partnership deed. Even its registration is not mandatory, however, is necessary as an unregistered firm can not recover beyond Rs. 100 from its debtors.
FORM NGO
For a social, welfare, educational or charitable activity, you may start a company under section 8 of the Companies Act, 2013 or form a trust or incorporate society. After choosing the kind of entity, you may get it registered as a Non-Governmental Organisation.
