Are you a person who is looking forward to starting your own business in the near time and meeting a lot of consultants and people who can help you in establishing the same. Then here is the list of work you should pipeline in order to start your business venture.
List of work for establishment of new business:-
- Looking up for a business idea
- How to execute the idea of business.
- How much investment is needed
- How to source investment
- How to find the perfect place for the business
- How much money your business idea can make
- Make a presentation of your business idea
- Discuss the same with the investor to convince and source investment
- Buy the outlet, machinery and other fixed and variable resources required for running of the business.
- Bring down the adequate profit with hard work to pay the interest to the investor and for growth of business further.
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What Sort Of Paperwork Needed For New Business Establishment:-
Before starting with the paperwork one needs to understand the type of their business sector and what type of business structure they have opted with and thereafter comes with common paperwork which needs to be established and these are as follows:-
A formal agreement or deed which mentioned the business structure and other objectives of the business and the same need to be registered in the court. The same is also known as the founders agreement which contains all the necessary details of this business.
There are several legal licenses and registration which one needs to have for running their business and this includes all the tax related registration such as Gst, Pan Number, Tax account number, shop and establishment license, Bank account of the business and individual running the same.
Other necessary licenses which depend on a per type of business. For export and import business one need to have IEC code, for food business FSSAI license, for kosher goods kosher registration, for halal goods one need to have halal registration and any other registration which is applicable on the type of business sector one is dealing in.
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