Require Registrations to Start a New business in Telangana.
Certainly! Let’s explore the essential business registrations you need in Telangana. Whether you’re starting a small venture or a large company, these registrations ensure legal compliance and smooth operations:
1. Firm Registration:
- What is it? Firm registration is necessary if you’re running a partnership business.
- Process:
- Submit an online application with required details and documents.
- Make the payment through the online portal.
- Send original documents to the District Registrar Office.
- Verification and approval process follow.
- Documents Needed:
- Partnership Deed
- ID proof of partners
- Form I (online application)
- Fee: ₹2001.
2. Company Registration:
- What is it? Registering your company ensures legal recognition and limited liability.
- Requirements:
- At least two directors
- Unique company name
- No minimum capital requirement
- Registered office (owned or rented)
- Documents Needed:
- PAN card of directors
- Aadhar card or voter ID of directors
- Rent agreement (if rented property)
- Electricity/water bill (business place)
- Property papers (if owned property)23.
3. Labour License (Shop and Establishment):
- What is it? Mandatory for shops, offices, and commercial establishments.
- Process:
- Apply online through the Department of Labour website.
- Provide necessary details and upload documents.
- Ensure compliance with labor laws.
- Documents Needed:
- Application form (Form I)
- Photograph of the establishment
- List of employees
- Rental or ownership proof
- Benefits:
- Legal compliance
- Employee welfare
- Business reputation2.
GST Registration: Goods and Services Tax (GST) registration is mandatory for businesses with an annual turnover exceeding a certain threshold. Whether you’re a manufacturer, trader, or service provider, our team at Invention Tax Solutions can help you register for GST seamlessly, ensuring compliance with tax laws and regulations.
-
Trade License: Obtaining a trade license is essential for businesses operating in Telangana. It serves as a permit from the local municipal authority to carry out specific trades or businesses within a designated area. Invention Tax Solutions can guide you through the process of obtaining a trade license, ensuring that you meet all requirements and regulations.
-
Professional Tax Registration: Professional Tax is a state-level tax imposed on individuals engaged in various professions, trades, and employments. If you’re hiring employees for your business in Telangana, you’ll need to register for Professional Tax. Our team can handle the registration process for you, ensuring compliance with the state’s tax laws.
-
Shop and Establishment Registration: Every business establishment operating in Telangana is required to obtain a Shop and Establishment Registration. This registration certifies that your business complies with labor laws and regulations related to working conditions, wages, and employee rights. Invention Tax Solutions can assist you in obtaining this registration, ensuring that your business operates within the legal framework.
-
MSME Registration: Micro, Small, and Medium Enterprises (MSMEs) play a crucial role in driving economic growth and development. Registering your business as an MSME in Telangana can provide various benefits, including access to government schemes, subsidies, and incentives. Invention Tax Solutions can help you navigate the MSME registration process, ensuring that you maximize the benefits available to your business.
Conclusion: Setting up a business in Telangana involves obtaining various registrations and permits to ensure legal compliance and smooth operations. With Invention Tax Solutions by your side, you can simplify the registration process and focus on growing your business. Our expert team handles all aspects of business registrations, from GST and trade licenses to professional tax and MSME registration, allowing you to embark on your entrepreneurial journey with confidence. Contact us today to learn more about our services and let us help you take your business to new heights in Telangana.