Dear Seniors, My friend and I are starting a new business (re-sale), so please advise me on what documents or procedures I need to follow to start this new venture, such as:
1. PAN
2. Rental Agreement
3. VAT Certificate
4. Current Account
5. Company name - Should it be "Enterprises" only?
Please suggest. I am eagerly awaiting your valuable reply.
Thanks & Regards
From India, Bangalore
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31. PAN
2. Rental Agreement
3. VAT Certificate
4. Current Account
5. Company name - Should it be "Enterprises" only?
Please suggest. I am eagerly awaiting your valuable reply.
Thanks & Regards
From India, Bangalore
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Comprehensive Checklist for Starting Your New Business
Use this comprehensive checklist to plan each step of your new business and transform your dream of entrepreneurship into reality. These steps may not necessarily be completed in the order listed; however, you can use them as a guideline for completing all of the necessary business startup tasks.
- Determine what kind of business you want to start.
- Learn about the industry for your business.
- Analyze the market for your business.
- Study your competition.
- Educate yourself on running a business.
- Join trade associations.
- Name your business.
- Perform a trademark search.
- Register a domain name.
- Design a website.
- Obtain a logo.
- Determine business structure (sole proprietor, partnership, or corporation).
- Evaluate your personal budget.
- Write a business plan.
- Write a marketing plan.
- Locate financing.
- Create a list of start-up supplies with a budget.
- Set up a system for accounting and payroll.
- Apply for a business license, federal tax ID, fictitious business name.
- Select a location and set up shop.
- Order signage.
- Obtain business tools (computer, printer, fax, postage, office supplies, and fixtures).
- Order business stationery (business cards, letterhead, brochures).
- Obtain inventory.
- Create an operations and employee manual.
- Hire employees.
- Set a launch date.
- Plan a grand opening event.
- Send announcements to everyone you know.
- Send press releases.
- Turn on the OPEN sign!
- Revisit your business plan and update often.
- Evaluate your marketing strategy often.
- Prepare a realistic business plan.
Think of this as your business roadmap. Define exactly where you want to get with your business, and then you can effectively map out your path towards achieving your goals!
From India, Hyderabad
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Use this comprehensive checklist to plan each step of your new business and transform your dream of entrepreneurship into reality. These steps may not necessarily be completed in the order listed; however, you can use them as a guideline for completing all of the necessary business startup tasks.
- Determine what kind of business you want to start.
- Learn about the industry for your business.
- Analyze the market for your business.
- Study your competition.
- Educate yourself on running a business.
- Join trade associations.
- Name your business.
- Perform a trademark search.
- Register a domain name.
- Design a website.
- Obtain a logo.
- Determine business structure (sole proprietor, partnership, or corporation).
- Evaluate your personal budget.
- Write a business plan.
- Write a marketing plan.
- Locate financing.
- Create a list of start-up supplies with a budget.
- Set up a system for accounting and payroll.
- Apply for a business license, federal tax ID, fictitious business name.
- Select a location and set up shop.
- Order signage.
- Obtain business tools (computer, printer, fax, postage, office supplies, and fixtures).
- Order business stationery (business cards, letterhead, brochures).
- Obtain inventory.
- Create an operations and employee manual.
- Hire employees.
- Set a launch date.
- Plan a grand opening event.
- Send announcements to everyone you know.
- Send press releases.
- Turn on the OPEN sign!
- Revisit your business plan and update often.
- Evaluate your marketing strategy often.
- Prepare a realistic business plan.
Think of this as your business roadmap. Define exactly where you want to get with your business, and then you can effectively map out your path towards achieving your goals!
From India, Hyderabad
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Firstly, if the business is a partnership firm, you will need a Partnership Agreement. For trading businesses, VAT registration is necessary, and for service-based businesses, Service Tax Registration is required. A current account is essential for managing financial transactions. If the business premises are rented, a Rental Agreement is needed.
For non-factory setups, Shops & Establishment registration is necessary, while factory setups require Factory Licenses. Additionally, a PAN card is mandatory for filing Income Tax returns.
Thanks & Regards,
Rajeshwari
[Email Removed For Privacy Reasons]
From India, Ahmadabad
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For non-factory setups, Shops & Establishment registration is necessary, while factory setups require Factory Licenses. Additionally, a PAN card is mandatory for filing Income Tax returns.
Thanks & Regards,
Rajeshwari
[Email Removed For Privacy Reasons]
From India, Ahmadabad
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