by Prashant Sharma, Founder at Infinilex Consultancy Private Limited
Navigating through the initial phases of starting a business in India can be a complex process, but with the right considerations accounted for, your entrepreneurial dreams can become a reality!
🎯 Vision and Planning:
Having a clear vision or a well-structured business plan is paramount.
📑 Entity Registration:
Choose the right business entity for your business primarily between an LLP and a Private Limited Company and ensure proper registration to build a solid foundation.
[You can read about it at https://lnkd.in/dNDgts_b]
🏦 Banking:
Opening a business bank account and aligning with a supportive banking partner is crucial, especially for securing loans.
📊 Tax Compliance:
Ensure your business adheres to various tax registrations like GST and TAN to operate seamlessly.
Legal Compliance:
Ensure that the business stays compliant with the regulations governing the intended business activity and the general compliances associated with the type of entity.
Embark on your business journey with informed choices and strategic planning to navigate through the Indian regulatory framework and ensure business success! 🌟
