How to start an E Commerce business ?
Starting an e-commerce business is a dream for many aspiring entrepreneurs. Also with enormous growth of e-commerce players in India and thanks to Internet connectivity, it is also an easy choice for Indian youth.
Business registration is the first step towards your dream of setting up an online store.
For registering your business, you need to decide which type of entity you should form. You have many choices such as starting solo with Sole Proprietorship firm or One Person Company. You may also opt for registering a Private Limited Company, if you have plans to infuse equity or bring in Foreign Direct Investment at a later stage.
Usually, Private Limited Company is the best form of organization for an e-store. It has many advantages such as limited liabilities, quick approvals, easy compliances, legal protection, scalability etc.
Once a business is registered, you need to apply for GST Registration, which is a mandatory requirement laid down by all e-commerce platforms. You may then proceed with opening a bank account in the name of business. More details on GST Registrations is available here.
We help in end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad. Profaides will help you with all business registrations required for you to easily register yourself on any e-commerce platforms in India.