The first step to build a million-dollar business is registering it with the Government. Collaborate with a CA Firm associated with ICAI to help you navigate the legal landscape and make the process hassle-free. As a founder, every minute is crucial for you. Invest it wisely.
Book a CallA Trust is a fiduciary relationship between three parties. Essentially the Trustor gives the rights to hold the titles to their assets to the Trustee, who is, in turn, obligated to use these assets in favor of the Beneficiary. There are mainly six types of Trusts — living or testamentary, funded or unfunded, revocable, or irrevocable. Usually, these Trusts are established for public welfare, such as not-for-profit organizations.
The Formation and Registration of a Partnership Firm are not necessary but beneficial for the sole purpose of having Government oversight. Any Partnership is governed by the Partnership Deed, which contains information about the partners and all agreements and responsibilities. To register as a Partnership Firm, you must go through the required procedures with the Registrar of Firms of the State.
Small Scale Industries, commonly known as SSI, is the go-to form of registration for most businesses that come out of India. To register as a Small to Medium Enterprise or a Small Scale Industry, you must go through the required procedures to register your Organization with the Ministry of Micro, Small, and Medium Enterprises.
The Food Safety and Standards Authority Act, FSSAI for short, is an Act that was passed to establish, regulate, and monitor food safety using science and technology to control the manufacture, storage, distribution, and sale of food for human consumption. This registration is mandatory for any business dealing with whole and packaged foods.
The Tamilnadu Shops and Establishments Act is a body of the State Government that was created to monitor the functioning of all establishments in Tamil Nadu. Therefore, any shop, commercial establishment, retail outlet, restaurant, etc., must be registered with the Tamil Nadu Government to operate inside the state legally.
One of the most important documents that are necessary to start a new business is the Trade License. This license is given by the State Municipal Corporation and must be submitted while applying for any business.
Any professional working in Tamil Nadu will be levied a state-level tax based on the current slab rates decided by the State Government under the Tamil Nadu Municipal Laws Act of 1998. The Employer must deduct the Professional Tax from the employee and pay the amount to the State Government.
If you are importing or exporting goods and services to or from India, you must obtain and register an IE Code to conduct your business within India's borders. BBig can help you by handling all the paperwork and consulting you on the ideal positioning by factoring in your business relevance.
The Information Technology Act, passed in the year 2000, allows using Digital Signatures for online documents. This was done to ease the burden on both fronts for maintaining and managing the documentation and provide a more reliable, safe, and secure way to submit documents electronically.
The Employees' Provident Fund was started because the Employees' Provident Funds Ordinance was passed in 1952. Since then, the Central Board of Trustees has managed a contributory provident fund, a pension scheme, and an Insurance Scene for the entire workforce in the organized sector. EPF Registration is applicable for any Indian Business that has over 20 employees on payroll.
The Employee State Insurance Corporation, or ESIC for short — is an autonomous body created by law under the Ministry of Labor and Employment of India. All establishments with more than ten employees must register with the ESIC within 15 days of their applicability.
In order to improve the legal conditions of societies established for the promotion of literature, science, education, or charity, the Societies Registration Act was passed in the year 1860. To register as an Association or Society, you must go through the required procedures to register your Organization with the MCA.
Drafting Agreements and Memorandums of Understanding is half art and half science. A Memorandum of Understanding is not a legally binding agreement but, at the same time, can be used as a contract to establish terms of engagement. BBig Consultants can help you draft an Agreement based on your specific needs.
The Limited Liability Partnership is a corporate and legal entity acknowledged by the Government of India. The prime difference is that an LLP acts separately from its partners. To register as a Limited Liability Partnership Corporate, you must go through the required procedures to register your Organization with the MCA.
It has been an incredible journey together. What I like about BBig Consultants is that they will go to any extent to solve genuine requests or needs. We have benefitted immensely from their knowledge and expertise. They understand the client's needs and then build the process around them. They are young and think out of the box to solve clients' requirements.
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