Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
I just have one simple question, What You Need to Start a Business?
The legal formalities required for the start of business are as follows:
- The form of incorporation of the business is required to be considered, i.e. whether the business is required to be run as a Sole Proprietorship, Company incorporated under the Companies Act, 2013, a Partnership firm either the Partnership Act, 1932 or the Limited ...
Wazzeer Professional Network
ProfessionalI just have one simple question, What You Need to Start a Business?
-
Wazzeer Professional Network
ProfessionalThe legal formalities required for the start of business are as follows:
- The form of incorporation of the business is required to be considered, i.e. whether the business is required to be run as a Sole Proprietorship, Company incorporated under the Companies Act, 2013, a Partnership firm either the Partnership Act, 1932 or the Limited Liability Partnership Act, 2008.
- A PAN Card would be required to be obtained in the name of the said entity carrying out business.
- In case applicable, registration under the GST regime would also be required to be obtained.
- The various business specific licenses, for example under the Food Safety and Standards Act, 2006, etc. would be required to be obtained.
- The labor licenses, in case applicable, would be required to be obtained.
- A bank account is required to be obtained in the name of the said entity after completing the Know Your Customer norms of the bank.
- The capital of the business, i.e. equity and debt etc. is also required to be decided for the business.
'Get your Wazzeer' to have qualified professionals to take care of the entire compliance part.
about 5 years ago
View answer
I just have one simple question, What You Need to Start a Business?
-
Wazzeer Professional Network
ProfessionalThe legal formalities required for the start of business are as follows:
- The form of incorporation of the business is required to be considered, i.e. whether the business is required to be run as a Sole Proprietorship, Company incorporated under the Companies Act, 2013, a Partnership firm either the Partnership Act, 1932 or the Limited Liability Partnership Act, 2008.
- A PAN Card would be required to be obtained in the name of the said entity carrying out business.
- In case applicable, registration under the GST regime would also be required to be obtained.
- The various business specific licenses, for example under the Food Safety and Standards Act, 2006, etc. would be required to be obtained.
- The labor licenses, in case applicable, would be required to be obtained.
- A bank account is required to be obtained in the name of the said entity after completing the Know Your Customer norms of the bank.
- The capital of the business, i.e. equity and debt etc. is also required to be decided for the business.
'Get your Wazzeer' to have qualified professionals to take care of the entire compliance part.
about 5 years ago
Looking to hire a professional from our handpicked community?
Explore our services, submit your request and let us do the rest for you.