Guide to Starting a Consultancy: Legal Procedures and Business Setup Insights

Dear seniors,

This is Simran, residing in Pune. I am willing to open my consultancy which will provide services in placement, real estate, and insurance. Can you help me out with the legal procedures to start the consultancy? Where do I need to register, and what are the documents required? Do I need to obtain any licenses for providing the services I mentioned? If yes, what are the documents required for getting a license, and where can I obtain it?

Please assist me as soon as possible.

Regards,

Simran Khan

Thank you, Mr. Nitin. But as I said, firstly, I would like to know the legal proceedings and requirements to obtain any license or not. I will appreciate if you can help me with this.

Regards,
Simran Khan

Dear Simran,

I have posted a reply to a similar query that was posted in the Human Resource Management Forum some time back. The link is given below: https://www.citehr.com/332272-starti...nsultancy.html

Also, please go through the following links where you will find an answer to your query. I request you to go through it, and I assure you it will help you a lot with your query.

Thank you.

Hi Muskan,

To start your own consultancy, you need to obtain a Shop Act license, PAN number, and service tax number. Where do you plan to start in Pune? I can assist you with the other operational aspects as well. All the best for your new venture.

Well, I reside in Kondhwa and I am willing to start a business in the nearby area of Kondhwa. You did not reply to whether the Shop Act license and the local municipal license are the same.

Okay. Do you have contacts in companies? I mean, how are you planning to get business or tie-ups? I reside in Pimpri. What's your professional background?

Well, it's like I am not the person behind the idea of starting a consultancy. This idea was given to me by my uncle who resides in Dubai and has his own recruitment company. The company provides services related to insurance and many other areas. He wants to expand his business in India, and he has many links and tie-ups. I am going to start this consultancy with him.

As for my professional qualifications, I have completed my B.Com and have recently appeared for the exams in Diploma in Tax Laws. I am currently awaiting my results.

[QUOTE=muskan khan;1523727]

Hi dear seniors,

This is Simran. I reside in Pune and I am willing to open my own consultancy which will provide services of placement, real estate, and insurance. Can you help me out with the legal procedure to start a consultancy? Where do I need to register and what are the documents required? Do I need to obtain any license for providing the services I mentioned? If yes, what are the documents required for getting a license and where can I get the license? Please help me out as soon as possible.

Regards,

Simran Khan.

Dear Simran,

Congratulations on setting up your own business.

It all depends on your investment, how much you are willing to invest for consultancy set up.

As for initial legal requirements, you have to form a Society under the Societies Act. You have to show around 7 members with you to the society registrar to show your team and designate a few positions as well. It's all about formalities; you may add your team members/family members for the same. After getting enrolled in society registration, you can start your consultancy business. You will start working as a registered firm under the Society Act, and later on, if you wish, you can also get a Service Tax number for your firm and convert your firm into a Private Limited company.

Rest assured, you have to make tie-ups with employers with proper agreements on services offered and charges required by you, replacement system of candidates, etc.

Initially, you have to go for registration under society/Trust/N.G.O. The nominal fee is around 5,000 maximum they would charge for it. You must have a rented/owned place, a PAN card should be available, and later on, you may apply for your firm's PAN number for better authenticity.

You may email me if you have any other queries.

Regards,

Manish Srivastava

=91-96707-66888

correctcertification@gmail.com[/email]