How to start a business from Scratch?

First and foremost, select a name for your business and make it a legal entity. If the name gets approved better book a domain name under the same (that too at the earliest possible). To start a start-up business from scratch you need to follow a process.

Register your start-up business
1. Decide and lock on the name of the registering name of the company
2. Apply for A DIN (Director Identification Number) and DSC (Digital Signature Certificate)
3. Company Incorporation
4. Apply for PAN/ TAN

If this is a sole proprietorship business there is no need to register the business, instead, make sure that the proper licence is acquired from the governing bodies.

How to Register a Company in India?
Registering a company in India is now a simple 4-step process. Here is what you will need to acquire:i.  A  Digital Signature Certificate (DSC)
ii.  A Director Identification Number (DIN)
iii.  Registration on the MCA Portal or New user registration
iv.  Certificate of Incorporation

Hope this helps. If you still need assistance or guidance with regard to registering your company, just let us know and our team of experts will be there to guide you through it.

If you still require assistance or guidance with regard to registering your company, just let us know and our team of experts will be there to guide you through it for a nominal fee. Please do call Rushabh Vora at +91 9619776461 or e-mail at info@peseko.com.

Starting a business? Here’s what you need to know.

Every entrepreneur dreams of operating on the business idea he or she sees potential in. Yes, for a profit. However, it is not so as easy to set up one’s shop. There are rules and legal compliances to be met. Not only is it necessary to register your entity but it is critical that all the norms are met, for your functional ease. This organised legal entity or the so-called company that can possess property, sign documents and take legal actions.

Here is why you should register your company

  • Limit liability of the owners

Members of a company are not personally responsible for the debts of the business under the company’s name. Thus, creditors cannot claim the personal assets of the members.

  • Perpetual Existence

A company exists independent of its members. So, if a co-owner dies or wishes to sell his share, the company would still continue to exist.

  • Advantages in the Income Tax

Companies often have many tax advantages such as savings on self-employment taxes, deductibility of various insurances like life insurance, health insurance, etc.

  • Establish Credibility

Forming a company establishes credibility within the business circle. It is more prestigious and trustworthy.

  • Easy to Raise Capitals

It is easier to raise capital in a company through the sale of stock or by borrowing money.

What are the challenges you will face?

  • Corporation Formalities

Forming a company comes many responsibilities such as holding and documenting records, issuing shares of stock to the holders, organizing meetings of director and shareholders, etc. which needs a fair amount of management and skills.

  • Recurring Expenses

Along with the fees paid during the inception of the company, there are many ongoing dues, such as filing an annual report, franchise tax, etc. from time to time. One needs some amount of money aside to keep it rolling in the business.