How to Set Up A Business in India?

Setting up a business in India involves several steps and procedures. We need to follow various compliances at the initial level of business setup and at the time of operation. Our team of specialised professionals will help you to complete all the compliances in a hassle-free manner.  Our team will help you to

  • Decide on the Business Structure: To determine the type of business entity you want to establish, such as a Limited Liability Partnership (LLP), Private Limited Company (PLC), or Public Limited Company. Each structure has its own legal and tax implications.
  • Choose a Business Name: Select a unique name for your business that complies with the naming guidelines set by the Ministry of Corporate Affairs (MCA).
  • Register the Business: Register your business with the appropriate authorities. The registration process and requirements vary based on the chosen business structure.
  • Obtain Required Licenses and Permits: Depending on the nature of your business, you may need to obtain various licenses and permits from Local, State, or Central Government authorities like GST Registration, Professional Licenses, Environmental Permits, and more.
  • Open a Bank Account: Open a bank account in the name of your business entity by providing the necessary documents, such as registration certificates, identity proof, and address proof.
  • Comply with Labour Laws: Understand and comply with labour laws and regulations related to employment, wages, benefits, and workplace safety.
  • Maintain Statutory Records: Keep proper books of accounts, financial records, and other statutory registers as required by law.
  • Obtain Intellectual Property Protection: If your business involves intellectual property (such as trademarks, patents, or copyrights), consider registering and protecting your intellectual property rights.
  • Comply with Annual Filings: Ensure timely filing of annual financial statements, tax returns, and other compliance requirements with the appropriate authorities.
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