How To Start A Company
how to start a company :
If you are going to open a new company then keep these things in mind :
most people dream of opening their own company in today's time , but few people are successful in this .
The reason is not that the company is easy to open because the reason is that people can not keep up with basic rules and processes .
Because of this reason your dream is half incomplete .
If you want to open an own company then go through the complete process here .
Registration :
First of all, you have to complete the registration process , now after the process has become easy , now it can take 2 week for the registration of a private limited company , then if the registration fro is online or offline can collect both way .
Types of Registration :
- partnership firm
- LLP (Limited Liability Partnership)
- private limited
- one person company
- proprietorship firm
Attractive name :
 |
| always choose simple , unique and meaningful name |
company name should be attractive or unique , as well as submit to relevant document as soon as the registration process begins , so that the registration does not take much time, open a company , at least 2 or more 15 people will join .
2 Share holder :
private limited in must be at least 2 director and maximum 15 director and at least 2 share holders, but besides 200 shareholder also can be kept .
better is that if 2 person is share holder , one is strong in capital invest Nd other have technical and corporate knowledge this combination is best for business.
18 Year's Of Age :
The application should be at least 18 years of age as director of any private limited company , degree s not necessary which an ordinary man can also become a director .
most important point is any foreigner people will join as a director .
Perfect location :
if you wants start a company then perfect location is most important point for the startup ,
this location will be commercial , industrial , residential area depend on your company category like as a software company commercial area , and like as a production company industrial is best .
Most important documents :
While registration the company identity card, PAN card , Address proof , Identity card , voter id must be .
to get the registration of the company , first you need to submit INC -29 by register of companies with the required document ( for Indian people ) .
step by step process :
1- PAN card : ( if necessary )
for a new company , it is mandatory for share holder and the pan card to be given to the board of director , this is for tax payers.
2- DIN number :
meaning of Din director identification number . DIN number unique 8 digit number that is required any existing or proposed Director of company .
3- EIN number :
Employer Identification number ( EIN) is the federal tax number used for identified your business . you don't need an EIN unless you you will employees or plan for partnership , LLC or corporation .
IF you dont need EIN number then u can use SOCIAL SECURITY NUMBER because absent of EIN , SSN identify your business for tax purposes .
4- Resister your trade name :
If you wont operate under your own name , your locality may require you to register a trade name , but when you choose trade name then its unique and simple and meaningful . you 'll get approved on the spot as a register .
5-Get your business license :
Business license is most important document for company , your country or city will required a business license . use your EIN instead of your social security number to identified your business .
6- Complete a business personal - property form ( if necessary) :
Business are taxed on " PERSONAL" property . if you are required to file a business personal - property tax form and your plan to work form homes using computer , tool, laptops ,etc .
if you purchase tangible personal property during your first year of company business , you will list those item when you file your business personal - property tax form following year .
7- Get a certificate of resales ( if necessary ) -
A certificate of resales , its is also know as a seller permit , its a;low you too collect start sales tax during products sold .
If you will dell product , then you need a seller permit , you will apply online to submit form .
8- Get a business bank account :
After complete all registration and documents then bank account is most important for transactions , using a business account for all business transaction eliminate That possibility .
Get a business account using your business name and an EIN , only use that account , business related deposits , withdraws and transactions .
This post can help you if you are thinking about opening business plan and as well as company start plan this post will help you for what happens in the process and import document requirement as a start company .
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