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Taking the first step is the key to success. While starting a business in India is not an easy task, but India’s progress has made starting a business more straightforward than ever. Let us understand some licenses and registrations required to start a business in India. Obtaining a license differs for each business, influenced by elements such as industry, workforce size, and business location.
Startup Club India is here to help you with Registration and Licensing services. There are various types of license registration, depending on your business type.
In India, many businesses begin as proprietorships or partnerships without formal registration from the Central Government. The registration of companies and LLPs in India falls under the regulation of the Ministry of Corporate Affairs. If your business is likely to cross Rs. 20 lakh in yearly revenue, opting for LLP or Company registration is a smart move. Once a company or LLP is registered, it becomes a distinct legal entity, offering promoters limited liability protection. Moreover, registration allows smooth ownership transfer and enjoys perpetual existence as a registered entity. That is why before starting a business, consult an expert who knows everything about license registration in India and register a company or LLP.
Businesses and individuals with an annual turnover exceeding Rs. 20 lakhs in most states and Rs. 10 lakhs in Special Category States must register for GST. Furthermore, businesses engaged in the intra-state supply of goods must get GST registration, regardless of their annual turnover. It is very crucial for all businesses to understand the criteria and get GST registration done within 30 days of starting a business.
This type of registration is for those businesses who want to start and operate a small business, be it micro, small or even medium. The eligibility for Udyog Aadhaar depends on how much a manufacturing unit invests in plant and machinery or how much a service business invests in equipment. After obtaining Udyog Aadhaar registration, businesses can access a range of government subsidies and schemes designed to support small businesses in India.
Food Safety and Standards Authority of India (FSSAI) monitors the safety and quality of food products throughout India. Be it a restaurant, retail store, or a home kitchen, this five-letter word on food packaging assures safety and quality. Depending on the nature and size of the food business, FSSAI issues three types of licenses or registrations:
The Shop and Establishments Act was introduced to regulate business operations, including working hours, wages, employee safety, and child labor laws. Shop and Establishment license or registration is issued by the State Governments, and it varies from state to state. Therefore, depending on where your business is situated, the concerned state government authority will give you a Shop and Establishment Act License.
A Gumanstha License is for those who are planning to start their business in the state of Maharashtra. To obtain this, one must have the following documents:
The process of applying for a business license in India differs based on the type of business and the specific approvals necessary.
Whether you want to get registration & licensing services in Delhi or registration & licensing services in India, Startup Club India is here to help you with both.
