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Considering that your initial investment is Rs. 1 lakh, it would be advisable to initially start the business as a sole proprietorship. The main benefit of a sole proprietorship is that there is no requirement of registration under the law for registration for a sole proprietorship. The only requirement would be to have a PAN card, GST registrati...
Wazzeer Professional Network
ProfessionalHow can I start an online clothing business in India with 1 lakh?
-
Wazzeer Professional Network
ProfessionalConsidering that your initial investment is Rs. 1 lakh, it would be advisable to initially start the business as a sole proprietorship. The main benefit of a sole proprietorship is that there is no requirement of registration under the law for registration for a sole proprietorship. The only requirement would be to have a PAN card, GST registration etc. The costs involved in fulfilling these requirements are not very high.
Apart from the incorporation of the entity as aforesaid, which on scaling up of business can be converted into a Company, you would also have to put terms and conditions of use of the website including privacy policy etc., terms and conditions of the contract etc. The provisions of the Information Technology Act, 2000 would also have to be complied with.
To start your business registration -> "Get your Wazzeer"
over 3 years ago
Considering that your initial investment is Rs. 1 lakh, it would be advisable to initially start the business as a sole proprietorship. The main benefit of a sole proprietorship is that there is no requirement of registration under the law for registration for a sole proprietorship. The only requirement would be to have a PAN card, GST registrati...
Wazzeer Professional Network
ProfessionalHow can I start an online clothing business in India with 1 lakh?
-
Wazzeer Professional Network
ProfessionalConsidering that your initial investment is Rs. 1 lakh, it would be advisable to initially start the business as a sole proprietorship. The main benefit of a sole proprietorship is that there is no requirement of registration under the law for registration for a sole proprietorship. The only requirement would be to have a PAN card, GST registration etc. The costs involved in fulfilling these requirements are not very high.
Apart from the incorporation of the entity as aforesaid, which on scaling up of business can be converted into a Company, you would also have to put terms and conditions of use of the website including privacy policy etc., terms and conditions of the contract etc. The provisions of the Information Technology Act, 2000 would also have to be complied with.
To start your business registration -> "Get your Wazzeer"
over 3 years ago
View answer
How can I start an online clothing business in India with 1 lakh?
-
Wazzeer Professional Network
ProfessionalConsidering that your initial investment is Rs. 1 lakh, it would be advisable to initially start the business as a sole proprietorship. The main benefit of a sole proprietorship is that there is no requirement of registration under the law for registration for a sole proprietorship. The only requirement would be to have a PAN card, GST registration etc. The costs involved in fulfilling these requirements are not very high.
Apart from the incorporation of the entity as aforesaid, which on scaling up of business can be converted into a Company, you would also have to put terms and conditions of use of the website including privacy policy etc., terms and conditions of the contract etc. The provisions of the Information Technology Act, 2000 would also have to be complied with.
To start your business registration -> "Get your Wazzeer"
over 3 years ago -
Wazzeer Professional Network
ProfessionalConsidering that your initial investment is Rs. 1 lakh, it would be advisable to initially start the business as a sole proprietorship. The main benefit of a sole proprietorship is that there is no requirement of registration under the law for registration for a sole proprietorship. The only requirement would be to have a PAN card, GST registration etc. The costs involved in fulfilling these requirements are not very high.
Apart from the incorporation of the entity as aforesaid, which on scaling up of business can be converted into a Company, you would also have to put terms and conditions of use of the website including privacy policy etc., terms and conditions of the contract etc. The provisions of the Information Technology Act, 2000 would also have to be complied with.
To start your business registration -> "Get your Wazzeer"
over 3 years ago
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