- Starting a new Business
- If running a trade and do not have a license, then Trade License is to acquired. Post of acquiring, renewal of License periodically would be essential.
The list of documents required to procure a trade license is:
- Trade Premises Layout Plan: area one will be using the trade showing details of
location, approach, and distance from public sewerage, lavatories, urinals located in the
vicinity.
- Owner’s consent letter: No objection certificate (NOC) from the owner in whose
premises the trade is to be carried out.
- Neighbor’s consent letter: NOC from the neighbors of the premises in which the trade
is to be carried on.
- Tax paid receipt: Every time you pay your tax, you receive a receipt for the amount paid.
With the application for the fresh trade license, you need to attach the receipt.
- Katha Extract: Account of assessment of a property recording details about your
property such as size, location, built up the area and so on for the payment of property tax. for own premises or an agreemant copy of rented premises Proof of place of Business
- PAN Number (optional)
- Details of Bank Account for financial transactions
- Details of Movable/Immovable property
- Details of a Partnership deed, in case of partnership
- Photo of Dealer, Partner.
- Then you will require Shops and Establishments registration:
- GST registration would be essential
However, please note that you don't need to register under all these acts. The kind of registration will depend upon the type of your business. It will also depend on your annual turnover. This is because there is a threshold limit which exempts you from compulsory registration until you reach a specific turnover. Moreover, you will also need to open a current account in a bank for your business.
For a seamless registration process, please keep the following documents ready. These documents will serve for all the above registrations and also for opening a current account:
- Copy of your PAN card.
- Address proof of your name, such as passport, voter ID, or utility bills. This an agreement of subletting between you and your husband can be made and shown as address proof
- Your passport sized photographs.
- Proof of address for your business such as telephone or electricity bills.
- Shops and Establishments registration certificate (for opening current bank account)
- Bank account statement (for at least 6 months) from the current banker.
- Current account details (for Tax registration).
- Fee for Registration of Sole Proprietorship
The government fee starts at Rs. 500 and the professional fee starts at Rs. 2500 depending on your registration needs. Timeline for Registration of Sole Proprietorship depends on the type of registration. Therefore, there is no fixed timeline. The process of registration may take anywhere between 2 to 20 business days. This timeline is further subject to government procedure and approval.
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about 3 years ago