So you want to start a business in India. You probably already know that there are many types of business entities in India and its very important to select the one that suits perfectly to your needs.
First you must understand that you can start a partnership firm, a private limited company, a LLP (limited liability company) or a non-profit organization in India depending upon your needs. If you are not sure about it, you can check our comparison of business types in India for more details. You can also opt-in for the Wealthroot’s Start-up Consulting in India where we walk you through each step of starting a business in India and handle most of the legal formalities on behalf of you. If you are not very familiar with legal business issue in India, Start-up Consulting package is best for you.
Once you decide which business entity suits your needs, you need some additional legal requirements. For example, you must have a PAN number before even you start a business in India, but you need a DIN number only if you are incorporating a private limited company.
Depending upon the nature of your business, you might also need service tax registration and VAT registration before you start business in India. If you export or import goods or services, you will also need the IEC number.
Confused? At Wealthroots, we understand that handling legal and tax issues while also managing other aspects of business like marketing, production etc. can be overwhelming. It seems almost impossible to track if all the legal and tax formalities are completed!
This is where our business services comes into picture. We can handle all the business and legal issues of a business in a timely and cost effective manner. Find out more about us or contact us to get started now!
