Business Registrations
Business registration is the process of registering a business with the government in order to legally operate as a business. In India, business registration is typically done at the state level.
Here are the steps you can follow to register your business in India
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Choose a business structure: Decide on the type of business structure that best fits your needs. Options include sole proprietorship, partnership, limited liability company, and private limited company.
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Choose a business name: Choose a unique business name that is not already in use.
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Obtain a PAN card: Obtain a Permanent Account Number (PAN) card, which is a unique identification number for businesses in India.
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Register for GST: If your business has an annual turnover of more than 40 lakh INR, you will need to register for Goods and Services Tax (GST).
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Obtain other licenses and permits: Depending on the type of business you are starting, you may need to obtain additional licenses and permits. For example, a bakery may need a food license and a food safety certificate.
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Register with employee provident fund (EPF): If you have more than 20 employees, you will need to register with the Employee Provident Fund (EPF) and contribute a percentage of your employees' salaries to the fund.
It is important to complete the business registration process correctly in order to legally operate your business in India. If you need assistance, you can seek the help of a professional or a legal expert.
