Strating up a business from home
Gauri Nagraj
(Querist) 18 August 2014
This query is : Resolved
I want to open a small home based business. The products that i want to deal in are ready-made ethnics. I am unsure about what legal requirements and procedures do i need to fulfill to give a proper legal name and recognition to my business.
Later on i also wish to start the cutting and tailoring boutique under the same concern.
It would to great if i am directed in detail for the same. Thanks in advance.
ajay sethi
(Expert) 18 August 2014
you have to decide whether you want to carry on business in your name as sole proprietor or as partnership firm or as ltd company .
if it is partnership firm get it registered with Registrar of Firms . if it is a pvt ltd company you have to approach ROC for name registration and formation of company .
you would need licence under shop s and establishment act of your state
Gauri Nagraj
(Querist) 18 August 2014
I want to have the business on sole proprietor basis, run independently by me.
My state is Jharkhand and city is Jamshedpur i.e Tatanagar. I am unclear as to where and whom to approach for the acquirement of the licence. Could u pls give me some more guidance. And how long does it take to get all the procedure done.
Rajendra K Goyal
(Expert) 18 August 2014
Consult a local taxation Lawyer / CA, he would guide you in reference to local laws / rules.
