You've jumped into the business world for yourself. You don't have excess paperwork to start a sole proprietorship. But there are some important things you need to know before starting your journey in entrepreneur’s world.
Is a sole proprietorship right for you to start?
If you're into business and haven't created a formal business structure, then probably you're already working as a sole proprietor– Next step is to understand various implications.
Steps to Apply for Sole Proprietorship
All business profits are personal income for a proprietor and pay self-employment tax on those profits.
If above conditions satisfy your requirement, then Sole proprietorship best suits your business needs. Now in order to run a proprietorship business, a little more preparation will definitely go a long way.
There are different registrations, licenses and permits to start your business. For example, to start your food business as a proprietorship, you might need to register with FSSAI or get FSSAI License.
To Prepare & file business taxes can be complicated. Our expert CA/CS will help you to prepare and file tax forms correctly with the minimal fee and on time.
As per industry standards, it’s up to 15 business days but being expert in the industry, we complete the process within 7-10 business days, unless some objection is raised by the authority.
There are multiple scenarios. For example, if you are running a departmental store and your annual turnover is greater than 5 Lakhs, then you need to register for GST.
In case of AC restaurant its mandatory to get GST registration
You can always choose to restructure your business at any point of time. Whenever you decide your business might be outgrowing its status as a sole proprietorship
whether you're looking to take on partners or investors, or you want the benefit of different tax options and liability protection
we have expert resources to help you find the business structure that's right for you.
Download free legal guide on how to successfully start and manage business in India & achieve 100% compliance.
This blog is about registration policy for grant of registration/renewal of registration to various categories of trader of tobacco.
Startup has been defined as an entity that is incorporated or registered in India. Furthermore an entity will be considered as a Startup as per the following delineated below:
The recognition of a laboratory shall be for a period of three years. Recognition fees as notified from time to time is payable in advance. The recognition is renewable as per the provisions of this s
The Board hereby grants to the Licensee a non-exclusive license, authorization or permission to use within the Territory the Mark in respect of the Goods.
The Proprietor hereby grants to the Licensee a non-exclusive license to use the Mark on the packaging in which the licensed goods are packed in the Territory for commercial use in accordance with the
The Board hereby grants to the Licensee a non-exclusive license, authorization or permission to use within the Territory the Mark in respect of the Goods
This form is to be used for making application for the grant of Carry-On-Business (COB) License under the provisions of Sections 13(a), 13(b), 13(c) and 29B(2) of the Industries (Development & Regulat
During the 9Th plan the Ministry of Food Processing Industries operated, inter-alia, the scheme for creation of backward linkages with objective of increasing capacity utilization of food processing
If an entrepreneur starts his own business, he can have complete control over his business process, he has the opportunity to build a business from scratch and can have a flexible life style
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An entrepreneur needs to have a particular skill set to be a successful businessman. Knowledge, self-assessment, administrative, managerial and organizational skills are absolute must for an entrepren
A food entrepreneur can apply for online FSSAI license or registration in Uttar Pradesh. He can apply for a basic license, state or central license depending on the annual turnover and other aspects o
An entrepreneur may be required to follow certain steps to open a small home-based cookie business, for which he need FSSAI license or permits, along with business planing, coordination etc.
An entrepreneur may wish to venture into the food business by opening a dhaba or a canteen but he need to have FSSAI registration to commence his business activity.
A Cold storage facility is a walk-in freezer space where refrigeration of perishable food articles is performed. Any cold storage unit consists of a refrigeration system for retarding the effect of m
FSSAI has been bestowed with punitive powers by the FSS Act 2006. It can penalize any food business operator if the food is sub-standard, for wrongful branding, food containing unnecessary or extrane
FSSAI has issued regulations for packaging & labelling of food products. It include ISO certification for plastics used for packet manufacturing, BIS standards for internal metal coating, dispaly of l
Small food vendors and small food businesses require FSSAI registration if the annual turnover is less than Rs.12 Lakh, if it exceeds, then the food business need FSSAI License which could be a state
The inspections and audits of Food Business Operators (FBO) by FSSAI officials is a routine process and should not be worried about. An FBO need to have proper documentation of license and permits.
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FSSAI has specified the percentage terms and standards of additives like cocoa butter and vegetable fats to be mixed with chocolates for chocolate production in all ten categories of Chocolates avai
The primary responsibility of keeping the food safe and secure is that of the Food Business Operator (FBO). FSSAI and other Govt. agencies share the secondary responsibility ensuring the rule of law o
An entrepreneur can have a perfect restaurant design if he concentrates on his customers, restaurant ambiance, healthy food and FSSAI license and permits.
If an importer wants to import food products in India, he is required to apply for an FSSAI License. He would have to submit documents such as VAT certificates, Import - Export Code (IE code) with the
Every entrepreneur is scared and apprehensive of his new business failure. The fear of failure prevents many individuals to stay away from the startup ecosystem. This can be changed by instilling a wi
If an entrepreneur wants to open a bakery shop or already having a bakery business, he need to apply to FSSAI for the required registration or a license depending on the annual turnover and food busin
An entrepreneur may decide to open a new restaurant or buy an existing one depending on the circumstances, and costs and whether he can drive any value from the existing restaurant. Distress business
There are various business ideas for entrepreneurs and startup ecosystem. These business ideas range from freelancing as software developer to managing children's services and facility maintenance ser
A food business operator could be complete FSSAI Compliant by following the guidelines of the food authority regarding food inspections, employee responsibilities, continuous inspections and food safe
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