Entrepreneurial aspirations among youngsters are rising along with the growing middle class in india. Technology has opened up numerous business opportunities and made starting and managing a business eassier. Therefore, it is more rewarding than any other time to start a business in india.
The first step a new business is the ideation stage. in this stage, the Entrepreneurs must look for various ideas or be inspired to start a new
business.once an idea or aspiration develops in the mind of the Entrepreneur, time must be spent in trying to understand the market, the
product/service offered, existing competition, availability of manpower, funds, infrastructure etc, once the above
research is complete, the Entrepreneur can fully-develop a business idea into a plant of action.
Before beginning to invest time and money into the new business, it is important to consult an Advisor with experience in helping startups. the advisor can then understand your business plan and advise you on the choice of a legal entity, licenses, funding, taxtaion and compliance. India filling specialise in providing startup Advisory support. We have helped start over 50,000 businesses across india in every industry possible.
Once you have selected the right advisor, the next step would be to register the business. It is essential to register the business before purchasing or investing as the Investments can be accounted for under the entity.
GST registration is required for any person or entity if the turn over Rs. 20 lakhs in most states
TAN registration is required for tax deduction at source (TDS). Therefore, TAN Registration may be required while hiring employees or dealing with certain customers or vendors.
ESI Registartion will be required when the number of employees in the business crossess 20 proof of ESI registartion is often request by businesses that potsources manpower requirements
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