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Four Easiest Steps to Register Your Small Business in India

Four Easiest Steps to Register Your Small Business in India
When starting a business, the most common question that is asked by almost all the small business owners is that how they can register their business. 
As it is not an easy task as filling a form, thus you need to consider all the aspects that will help you to register your small business easily. 
For new business, there are several steps that need to be taken in a particular order:
- Registering the name of your business or the trade name
- Register your business as a legal entity such as LLC, Limited Liability Corporation, etc.
- Registering your business with the tax authority
- Registering your business for appropriate permits and licenses.
Let us understand the whole process of registering your business: 

- The first step is to register the name of your business

If you have chosen any particular name for your business other than your own name, then you will require a trade name as “doing business as”. Let’s take an example, Kerry John chooses to run a business by the name of Creative Designs. LLCs and corporates can also register an alternate name, provided that the same name is not used by any other business that is there in the state. 
There are also some other factors to consider before you plan to register your business name, and trademark infringement is one of the important factors to consider. 

- The second step is to register your business as a legal entity

The second step is not required by all businesses. But, if you want your business to get the benefits of a legal structure, such as Corporation or LLC then you will require to register your business along with filing some important documents as per the requirements with the state government. 
The sole proprietorship is the basic form of the business type that most of the new and small businesses opt for as a business type.  The sole proprietorship is basically the business that is owned by a single person, where no partners are involved.  If you opt for this option then you can skip this one and move to the next one.

- The third step is to register your business with State Revenue Office and IRS

If you have any business partnerships, employees, or you have an organization or corporation then you will require applying for EIN, the Employee Identification Number. You can also use Social Security Number in case you don’t need an EIN. You can easily administer your business finances with the help of a Social Security Number.
In this case, you will also require having tax vouchers on a quarterly basis from the state revenue office and IRS. These are the forms that you need to fill and return along with your quarterly payments. You can also download IRS form online.
In case, you want to collect the sales tax from your customers (if you are into a business related to food or retail business) then you will also require to get the permit from the revenue office of the state.

- The fourth step is to get business permits and licenses

All types of businesses require a permit or license for the purpose of running their business legally. Most of the home based business owners and new business owners are not aware of this. 
Starting from license for professional purposes such as lawyer, doctors, and other professionals, it is necessary to get permits for home businesses as well. 
If you are still doubtful about the ways to get a license for running your business then you can also contact your SBA regional office or small business development center.

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