Manager - Finance & Accounts
58384 Points
Joined June 2010
Hi Ravi,
Great to hear you're starting a business — congratulations! 🎉 Getting the registration right from the beginning is a smart move. Here's a simple overview to guide you through the business registration process in India, assuming that's your location. (Let me know if you're based elsewhere.)
🔹 Step-by-Step Guide to Business Registration
1. Choose Your Business Structure
This determines tax, liability, and compliance needs. Common types:
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Sole Proprietorship (simple, low-cost, but no limited liability)
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Partnership Firm (shared responsibility, needs a deed)
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Limited Liability Partnership (LLP) (limited liability + flexibility)
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Private Limited Company (Pvt Ltd) (suitable for growth, investors, more compliance)
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One Person Company (OPC) (for solo entrepreneurs wanting limited liability)
2. Register Your Business Name
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For Sole Proprietorships, register a trade name via GST or local municipal license.
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For LLP/Company, name reservation through MCA (Ministry of Corporate Affairs) using RUN (Reserve Unique Name).
3. Get Digital Signature Certificate (DSC)
Required for directors/partners to sign documents digitally — apply through certified agencies like eMudhra, Sify, etc.
4. Director Identification Number (DIN) / Partner Designation
5. Register with MCA (for LLP, Pvt Ltd, OPC)
6. Apply for PAN, TAN, and GST
7. Open a Bank Account
Open a current account in your business name using:
8. Other Registrations (if applicable)
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Shop & Establishment License (state-specific, needed for office premises)
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Professional Tax, ESIC, PF (if hiring employees)
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Import Export Code (IEC) for import/export business
🔹 Need Help?
If you're looking for professional support, you can approach: