{"id":5136,"date":"2016-06-29T21:25:30","date_gmt":"2016-06-29T15:55:30","guid":{"rendered":"https:\/\/startup-buzz.com\/?p=5136"},"modified":"2016-10-28T12:43:23","modified_gmt":"2016-10-28T07:13:23","slug":"business-licenses-need-launch-startup","status":"publish","type":"post","link":"https:\/\/startup-buzz.com\/?p=5136","title":{"rendered":"Business Licenses You Need To Launch Your Startup"},"content":{"rendered":"<p>The initial enthusiasm and positivity of starting something new and bringing it to reality can sometimes be mired by the harsh realities of running the business. The first brush with this reality comes when, as a newbie entrepreneur, you do not have enough information on the types of permits and licenses that your business might require.<\/p>\n<p>Read more: <a href=\"http:\/\/www.ishwark6.sg-host.com\/ola-gets-license-operate-karnataka\/\">OLA gets license to operate in Karnataka<\/a><\/p>\n<p>The following are the primary certificates and registrations needed to start a company.<\/p>\n<p><strong>DIN Application:<\/strong>\u00a0Obtain Director Identification Number (DIN) online from the Ministry of Corporate Affairs website (National).<\/p>\n<p><strong>Digital Signature Application:<\/strong>\u00a0Obtain Digital Signature Certificate online from a private agency authorized by the Ministry of Corporate Affairs (National).<\/p>\n<figure id=\"attachment_5138\" aria-describedby=\"caption-attachment-5138\" style=\"width: 790px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.ishwark6.sg-host.com\/wp-content\/uploads\/2016\/06\/dreamstime_s_55097488.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-5138 size-full\" src=\"http:\/\/www.ishwark6.sg-host.com\/wp-content\/uploads\/2016\/06\/dreamstime_s_55097488.jpg\" alt=\"digital signature\" width=\"800\" height=\"800\" srcset=\"https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/dreamstime_s_55097488.jpg 800w, https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/dreamstime_s_55097488-150x150@2x.jpg 300w, https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/dreamstime_s_55097488-100x100.jpg 100w, https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/dreamstime_s_55097488-600x600.jpg 600w, https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/dreamstime_s_55097488-150x150.jpg 150w, https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/dreamstime_s_55097488-768x768.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/a><figcaption id=\"caption-attachment-5138\" class=\"wp-caption-text\">Simplifying paperwork!<\/figcaption><\/figure>\n<p><strong>Company Name Registration:<\/strong>\u00a0Reserve the company name online with the Registrar of Companies (ROC) (National).<\/p>\n<p><strong>Certificate of Incorporation:\u00a0<\/strong>Get Form 1 for the Certificate of Incorporation from the Registrar of Companies, Ministry of Corporate Affairs (National).<\/p>\n<p><strong>Registered Office Verification:<\/strong>\u00a0Get Form 18 for the address of the proposed company. It can be a commercial space, home of the director or a rented property.<\/p>\n<p><strong>Letters of Appointment:\u00a0<\/strong>Obtain Form 32 for letters of appointment of directors, managers, and secretaries.<\/p>\n<p><strong>Seal:<\/strong>\u00a0Make a seal (Private).<\/p>\n<p>Read more:\u00a0<a href=\"http:\/\/www.ishwark6.sg-host.com\/legistify-an-online-legal-services-startup-raises-funds\/\">Legistify, an Online Legal Services Startup Raises Funds<\/a><\/p>\n<p>Various other certificates, registrations and permits that a startup in India requires are:<\/p>\n<h3><strong>Service Tax Registration<\/strong><\/h3>\n<figure id=\"attachment_5139\" aria-describedby=\"caption-attachment-5139\" style=\"width: 590px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.ishwark6.sg-host.com\/wp-content\/uploads\/2016\/06\/service-tax.jpg\"><img decoding=\"async\" class=\"wp-image-5139 size-full\" src=\"http:\/\/www.ishwark6.sg-host.com\/wp-content\/uploads\/2016\/06\/service-tax.jpg\" alt=\"service-tax\" width=\"600\" height=\"450\" srcset=\"https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/service-tax-300x225@2x.jpg 600w, https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/service-tax-300x225.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/a><figcaption id=\"caption-attachment-5139\" class=\"wp-caption-text\">Cross your t&#8217;s and dot your i&#8217;s.<\/figcaption><\/figure>\n<p>Paying service tax on gross revenue exceeding Rs 10 lacs in a year is mandatory. Its registration fee is Rs 1,850. These are to be filed every half year. You may apply for registration once the Rs 9 lacs threshold is crossed. Currently export of services is exempted from this tax.<\/p>\n<h3><strong>PAN Card<\/strong><\/h3>\n<p>Mandatory for all tax filings and identified by\u00a0the Central Board of Direct Taxes, obtain a Permanent Account Number from an authorized franchise or an agent appointed by the National Securities Depository Ltd. (NSDL), or the Unit Trust of India (UTI) Investors Services Ltd.<\/p>\n<h3><strong>TAN (Tax Collection &amp; Deduction Account Number)<\/strong><\/h3>\n<p>Important to be acquired by all persons responsible for collecting tax deducted at source. It is registered with an amount of Rs 63. It is compulsory to quote this number in TDS\/TCS certificates and challans. All payments such as salaries, rent, contractual fees, and consultancy fees need to have tax deducted at source.<\/p>\n<h3><strong>VAT\/ CST Registration<\/strong><\/h3>\n<p>With a minimal fees payment that\u00a0varies from state to state, VAT registration is compulsory for multi-point tax on each value-addition, which is collected at each stage with a provision for set-off for tax paid at the previous stage (inputs).<\/p>\n<p>CST is similar as VAT for inter-state sales only. This is a state-based tax and the exemption limit varies from state to state and also on the nature of entity and activities.<\/p>\n<h3><strong>Shops &amp; Establishment License<\/strong><\/h3>\n<p>This is important for any commercial outlets and establishments (hotels, eateries, theaters , amusements etc) to keep in check that minimum benefits are being offered to unorganized sector employees. It is to ensure safe and hygienic working conditions. This is issued per premises.<\/p>\n<h3><strong>Central Excise License<\/strong><\/h3>\n<p>This duty is for goods manufactured in India and payable once goods leave the premises. This is mandatory for all producers of goods and products.<\/p>\n<h3><strong>Importer Exporter Code<\/strong><\/h3>\n<p>The <a href=\"http:\/\/www.afleo.com\">import export code<\/a> is essential for a producer who wants to do international business to comply with customs.<\/p>\n<h3><strong>Professional Tax<\/strong><\/h3>\n<p>Every company transacting business and every actively engaged person in any profession, trade, is liable to register for Professional Tax at the Professional Tax Office (State) and pay this tax.<\/p>\n<h3><strong>Employee Provident Fund Registration<\/strong><\/h3>\n<p>Register with Employees\u2019 Provident Fund Organization (National). This is a mandatory fund for employers having more than 20 employees and voluntary for less than that. This is a fund to establish welfare needs of the employee post-retirement.<\/p>\n<h3><strong>Employee State Insurance Registration (ESI)<\/strong><\/h3>\n<p>Register for medical insurance at the regional office of the Employees\u2019 State Insurance Corporation (National).<\/p>\n<p>If applicable, register documents with the Software Technologies Parks of India (STPI).<\/p>\n<p>Many of these licenses are easily granted with the help of a filing company\/chartered accountant and will establish the right way to start a new setup.<\/p>\n<p>The following are other permits that your startup needs before it starts operations (for brick-and-mortar startups only):<\/p>\n<h3><strong>Zonal Permits<\/strong><\/h3>\n<p>City planning and zoning requirements demand permits for operations in certain areas. For instance, residential areas have strict rules regarding business operating out of them. A zoning permit is required as areas are zoned for specific businesses according to set parameters. Zonal permits can be gained as Variance or Conditional-use permit by presenting your plan to the\u00a0city\u2019s planning commission.<\/p>\n<h3><strong>Fire Department, Air and Water Pollution Control Permit<\/strong><\/h3>\n<p>If your business uses any flammable material or if your business space (such as restaurants, retirement homes, day-care centres, schools, etc.) is open for public, a permit from the Fire Department is mandatory.<\/p>\n<p>Any paints or materials that burn, if discharged into the sewer, waterways or air require certain special permits.<\/p>\n<h3><strong>Health Department License<\/strong><\/h3>\n<p>Public places require clearance from health department about the cleanliness, hygiene, maintenance and potential health hazards that might occur from an eatery or a wholesale foods business, depending upon the size of business.<\/p>\n<p>We have tried to enumerate a broad outline of the common permits most businesses are likely to need. However, for your specific business, its best to reach out to the local registrar of companies or check out government websites for accurate information.<\/p>\n<p>Read more: <a href=\"http:\/\/www.ishwark6.sg-host.com\/required-build-tech-startup\/\">What is required to build a tech startup?<\/a><\/p>\n<p>If you like this article,\u00a0then please share with your friends and comment below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The initial enthusiasm and positivity of starting something new and bringing it to reality can sometimes be mired by the harsh realities of running the business. The first brush with this reality comes when, as a newbie entrepreneur, you do not have enough information on the types of permits and<\/p>\n","protected":false},"author":5,"featured_media":5137,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[275,232],"tags":[1393,1396,1394,1395],"class_list":["post-5136","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","category-buzzexclusive","tag-business-licenses","tag-legal-documents-for-startups","tag-licenses-for-startup","tag-permits-for-startup"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/06\/licence.jpg","_links":{"self":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5136","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5136"}],"version-history":[{"count":5,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5136\/revisions"}],"predecessor-version":[{"id":9086,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/5136\/revisions\/9086"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/5137"}],"wp:attachment":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5136"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5136"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5136"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}