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1) Yes, you have apply for new TIN no. in the name of company as TIN no. is non-transferable. Further, now you do not require to get TIN no. now, as new tax has been inforced by the government so you just have to get yourself register under Goods and Service Tax Act (GST) and you will GST no. for all the transactions.
2) You can put some small...
W Network
caWe are at the start of registering our Jewellery business. In this due process, we want a well-versed advocate for our business for consultation and drafting policies for our planned company. we need legal advice for all this .there are a few of questions if anyone can suggest us for due process. My questions are:
1. we already have TIN no. as sole proprietors and now we are in the due process of registering a Pvt. Ltd. so, do we need to apply for another tin? 2. our business faces risk from theft jewelry when someone comes and sell it or uses it for receiving sort of loan. how can we ensure transparent policies which don't hurt our reputation and business; cause recently police has started nabbing jewelers for it. what are the preventive measures for it? as far we see our future business, we need an advocate for ensuring correct policies in place to safeguard and minimizing possible risks and suggesting us up to date solution for our legal process.We have tried consulting local advocates in our touch but none has any experience in jewelry-related business laws .we would like to get an answer from you guys.
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W Network
ca1) Yes, you have apply for new TIN no. in the name of company as TIN no. is non-transferable. Further, now you do not require to get TIN no. now, as new tax has been inforced by the government so you just have to get yourself register under Goods and Service Tax Act (GST) and you will GST no. for all the transactions.
2) You can put some small kind of mark which can be identifiable with the expert of your entity to protect your entities’ image. The thing you have to take care is that you don’t have to disclose the mark to everyone in the entity, it should be known to few people in the entity, secrecy should be maintained.
If someone come to you to sell the stolen jewelry ask for the original bill, after seeing the copy of bill purchase the jewellery. Put CCTV at the work place and as well at the work shop. Maintain a database of your customer, so that if they come to sell their jewellery or they want to exchange it, then you have the database of that customer, as well as the mark on the jewellery will differentiate your product from the others. Get your mark registered under the trademark act, which will give protection to your entity for future.
'Get your Wazzeer' to have all related legal and accounting compliance works carried by an expert seamlessly.
about 3 years ago
View answer
We are at the start of registering our Jewellery business. In this due process, we want a well-versed advocate for our business for consultation and drafting policies for our planned company. we need legal advice for all this .there are a few of questions if anyone can suggest us for due process. My questions are:
1. we already have TIN no. as sole proprietors and now we are in the due process of registering a Pvt. Ltd. so, do we need to apply for another tin? 2. our business faces risk from theft jewelry when someone comes and sell it or uses it for receiving sort of loan. how can we ensure transparent policies which don't hurt our reputation and business; cause recently police has started nabbing jewelers for it. what are the preventive measures for it? as far we see our future business, we need an advocate for ensuring correct policies in place to safeguard and minimizing possible risks and suggesting us up to date solution for our legal process.We have tried consulting local advocates in our touch but none has any experience in jewelry-related business laws .we would like to get an answer from you guys.
-
W Network
ca1) Yes, you have apply for new TIN no. in the name of company as TIN no. is non-transferable. Further, now you do not require to get TIN no. now, as new tax has been inforced by the government so you just have to get yourself register under Goods and Service Tax Act (GST) and you will GST no. for all the transactions.
2) You can put some small kind of mark which can be identifiable with the expert of your entity to protect your entities’ image. The thing you have to take care is that you don’t have to disclose the mark to everyone in the entity, it should be known to few people in the entity, secrecy should be maintained.
If someone come to you to sell the stolen jewelry ask for the original bill, after seeing the copy of bill purchase the jewellery. Put CCTV at the work place and as well at the work shop. Maintain a database of your customer, so that if they come to sell their jewellery or they want to exchange it, then you have the database of that customer, as well as the mark on the jewellery will differentiate your product from the others. Get your mark registered under the trademark act, which will give protection to your entity for future.
'Get your Wazzeer' to have all related legal and accounting compliance works carried by an expert seamlessly.
about 3 years ago
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