While planning to register my online portal http://www.evhub.in in India, I got two options
1. Proprietorship: this mode of business doesn't need any registration.
2. Partnership: Hence to make the EVHUB operations legal, decided to go with partnership
Process of application which I have followed
1. Visit a Charted accountant/ Tax consultant in your city and discuss your business idea.
2. Decide who all can partner with you. Better plan to include your family members to reduce the risk.
3. Document and information required
a. Name of the firm
b. Name and permanent address of the partners
c. Firm address and letter of consent from the owner , preferably one of the partner should be the owner of the office space. This will reduce many formalities in applying for the registration.
b. Name and permanent address of the partners
c. Firm address and letter of consent from the owner , preferably one of the partner should be the owner of the office space. This will reduce many formalities in applying for the registration.
d. Municipality house tax/ water tax document copy to be submitted along with the deed.
e. A partnership deed is drawn and the partner will be signing it along with witness.
f. 5 non-judiciary stamp papers worth Rs.100/- each used and a Rs.50/- stamp paper.
It costs less than Rs.1000/- for the formalities but need to pay the service charge to the CA office for application.
The process will take approximately a week for getting the registration.
Next a bank account to be taken for the firm for transactions. PAN number to be applied for the firm before operating any transactions.
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