When you set your mind to do a startup and the excitement of starting your business can often produce exhaustion due to amount of things you need to take into account while starting your first business, especially for small businesses or Startup.
If you are going to start your startup in Bihar you should be having an overview of what needs to be taken care of in the early stages. Especially for formation of business or registering your business.
Today you’ll find a checklist of the information you’ll need to have at hand, as well as the registration processes you’ll need to go through to make sure your business is registered so it can stay up and running!
Checklist for New Startups
Before going operational research for the all compliance demands for running your business in Patna, Bihar, Apart from registering your business entity depending on industry, product, service you are going to offer there might be need of several permissions or Licencing. Go through the following checklist :
- Business Address: Apart from your registered address where your company is registered you would need to have a Business Address or work address from where you would operate which can be your own, rented place. Depending on the location of your company, you’ll have to consider different authorities and taxes. You may also be eligible for government incentives, which are provided for businesses. You can look for co-working office space in Patna that we offer to tech startups.
- Business structure: Is your business an Private Limited, a partnership, or a sole proprietorship? These different types of business structure will affect your tax returns, as well as your company’s registration and liabilities. If you are starting small you should go with smallest form of business registration to avoid hassle of compliance in early stage. Get more information on type of company and get service of company registration service in Patna at discounted rate for startups from eFilingBihar.
- Ownership: Depending on the type of business entity you are forming Proprietor, partnership firm or Private Limited company make a plan on how the management system is structured and distribute roles.
- Other things like your Startup /Brand Name, Company Name are probably things you must have thought of. Also check that the same business name is not yet registered, look for trademarks and also search for domain name for your business website design. You would also need to have an brand logo and other business marketing materials that we would discuss later
We would post more information on starting and running your business in Patna you can consult free for consultancy on startup from Bihar Startup Club if you are starting a business in Bihar.