Counsel
Ask an expert!
Legal, accounting and compliance advice from qualified professionals.
Formalities that will be needed to start a Business”
- Register your business, give it the legal existence that is required.
These are the following option to register as legal Business:-
- Register as Sole Proprietorship Firm
- Register as Partnership Firm
- Register a Limited Liability ...
Wazzeer Professional Network
ProfessionalI want to open an online store, where I'll be selling goods online (preferably accessories). I want to know about what things will I be needing to start the store. Now at this point, since I don't know about how my store will work and the response I'll get, so I would like to check/test the market and response only after that I want to get the registration done.
I don't know about the procedure that needs to be followed in India so I seek your guidance and direction. Can you please tell me about what all documents/formalities that will be needed to start? Also can you please tell me if I do not get the business registered in the starting (test phase) and I'm not the manufacturer I will buy the goods from someone who is manufacturing them, so in case of a non-registered online store can there be any problem that someone will ask me about the bills from whom I am buying the goods and selling because I don't think that they are also having registered firm because their business is running at a very small scale. Another question that comes to my mind is about the VAT, UP VAT, CST, what are all these things and what is needed if I sell and send/buy things from other Indian states? I am from a science background so I don't have any knowledge of all this. I request you to please guide me like how to proceed? I will be highly obliged to you please help me with your support and guidance.
-
Wazzeer Professional Network
ProfessionalFormalities that will be needed to start a Business”
- Register your business, give it the legal existence that is required.
These are the following option to register as legal Business:-
- Register as Sole Proprietorship Firm
- Register as Partnership Firm
- Register a Limited Liability Partnership
- Register as Private Limited Company
- GST Registration because without GST Registration you cannot sell in the Marketplace.
- A Current Account is required for operating the Business.
- Payment gateway integration and related compliance to accept any form of online payments.
- There are digital agreements like ‘Terms of Service’ and ‘Privacy Policy’ are mandatory documents that have to be put up on your website.
With these compliances in place, you can run your business without any glitches for 6-12 months. As your company grows, organizational responsibilities increases, the case is same in case of legal and accounting compliance works that has to be performed with growth.
‘Get a Wazzeer’ to have an expert Lawyer or a CA to take care of all the above-mentioned compliances seamlessly.
Best Regards,
Your Wazzeer
over 4 years ago
View answer
I want to open an online store, where I'll be selling goods online (preferably accessories). I want to know about what things will I be needing to start the store. Now at this point, since I don't know about how my store will work and the response I'll get, so I would like to check/test the market and response only after that I want to get the registration done.
I don't know about the procedure that needs to be followed in India so I seek your guidance and direction. Can you please tell me about what all documents/formalities that will be needed to start? Also can you please tell me if I do not get the business registered in the starting (test phase) and I'm not the manufacturer I will buy the goods from someone who is manufacturing them, so in case of a non-registered online store can there be any problem that someone will ask me about the bills from whom I am buying the goods and selling because I don't think that they are also having registered firm because their business is running at a very small scale. Another question that comes to my mind is about the VAT, UP VAT, CST, what are all these things and what is needed if I sell and send/buy things from other Indian states? I am from a science background so I don't have any knowledge of all this. I request you to please guide me like how to proceed? I will be highly obliged to you please help me with your support and guidance.
-
Wazzeer Professional Network
ProfessionalFormalities that will be needed to start a Business”
- Register your business, give it the legal existence that is required.
These are the following option to register as legal Business:-
- Register as Sole Proprietorship Firm
- Register as Partnership Firm
- Register a Limited Liability Partnership
- Register as Private Limited Company
- GST Registration because without GST Registration you cannot sell in the Marketplace.
- A Current Account is required for operating the Business.
- Payment gateway integration and related compliance to accept any form of online payments.
- There are digital agreements like ‘Terms of Service’ and ‘Privacy Policy’ are mandatory documents that have to be put up on your website.
With these compliances in place, you can run your business without any glitches for 6-12 months. As your company grows, organizational responsibilities increases, the case is same in case of legal and accounting compliance works that has to be performed with growth.
‘Get a Wazzeer’ to have an expert Lawyer or a CA to take care of all the above-mentioned compliances seamlessly.
Best Regards,
Your Wazzeer
over 4 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.