Start a Business: Starting a business in India takes 15 to 30 days, depending on whether you choose a private limited company, one-person company (OPC), limited liability partnership (LLP), partnership or sole proprietorship. The key factors to base your decision on are the funding support the business structure provides, start-up costs, the compliance work involved and the tax advantages offered.
Registrations and Filings: All businesses need one government registration or another, while nearly all require multiple registrations. For example, even air-conditioned restaurants need both service tax registration and VAT registration, depending on turnover and location, in addition to a Shops & Establishment License. Indirect taxes are those that are collected from customers by suppliers on behalf of the government. Once these taxes are paid to government, a proper record needs to be submitted periodically.
Legal Documentation: All businesses must have contracts in place for every deal they enter into, both internally (with employees, for example) and externally (with vendors and business partners).
Mandatory Compliances: All body corporates, such as private limited companies and limited liability partnerships, must receive permission from the Registrar of Companies before making important changes and periodically communicate financial results.
Support Tribal Artisans with Indus Valley Lineage Dismiss
