To achieve the 2047 target, India needs more local businesses to boost its economy, increase its GDP, and become more self-reliant.
For that we need more new entrepreneurs. But question arises in the mind of every first timer, how to open a business ? What should be our business structure ? How to register the business ? What are Government compliances we need to follow ?. To answer these questions, we have written this blog for you. It will help you to get answers for most of the questions you have. For more you can contact us at this link below :- https://uniservebusinesssolutions.com/contact/
Choose Business Structure
Person according to his/her need can pick a suitable business structure. These are :-
- Sole Proprietorship:- It is very easy to set up. It is best for those who have small businesses.
- Partnership Firm:- They are simple. They needed to be registered under partnership Act. It is best suited for legal and consulting firms.
- Company:- Person can a company as private or public. But if he is only who wants to start a business then One Person Company (OPC) is best for him. Company provides limited liability but at cost of increased increased compliance.
- Limited Liability Partnerhsip (LLP):- In this person will flexibility of partnership and limited liability of company.
Register The Business
You need to register the business under certain act. For private companies, LLP or OPC they need to get registered under MCA.
If they are proprietorship or partnership then under under local authorities.
Nowadays, for micro-units, MSMEs or small company they can also register under UDYAM registeration.
For registering business click here
Tax Registration
You need PAN & TAN for all businesses. You would also need to get registered under GST.
For assistance related Tax click here
Bank Accounts
Open current bank account with your business name with incorporation documents
License & Permits
.It depends upon the business. Example
- FSSAI License:- It is for those businesses who are engaged in food processing businesses.
- Import Export Code (IEC):- This is applicable if you are trading internationally.
Conclusion
Starting a business in India is easier today than ever before, thanks to online registrations, government schemes, and supportive startup policies. The right business structure—whether it’s a sole proprietorship for small-scale ventures or a private limited company for scalable startups—depends on your goals, compliance readiness, and growth plans.
With proper registration, tax compliance, and licenses in place, you not only build trust with customers and investors but also ensure long-term sustainability. Begin with clear planning, choose the right structure, and take advantage of India’s growing entrepreneurial ecosystem to turn your idea into a successful business.
Frequently Asked Questions
What is the easiest form of business to start in India?
For freelancers and small businesses, a sole proprietorship is the easiest to start. For scalability and credibility, most entrepreneurs choose a Private Limited Company.
Do I need to register my business with the government?
Yes. Business registration is mandatory if you want legal recognition, bank loans, investors, or GST benefits. Registration depends on your chosen business structure.
What documents are required to start a company?
Typically:
PAN & Aadhaar of founders
Passport-size photos
Proof of office address (rent agreement/utility bill)
Digital Signature Certificate (DSC)
Director Identification Number (DIN)
Do I need GST registration to start?
GST registration is mandatory if:
Annual turnover exceeds ₹40 lakh (goods) or ₹20 lakh (services)
You are selling across states or online
How much time does it take to register a company in India?
Private Limited / LLP: 7–10 working days (if documents are ready)
Sole Proprietorship: 2–3 days with GST/Shop license
What are the costs involved in starting a business?
Sole Proprietorship: ₹2,000 – ₹10,000
Partnership/LLP: ₹7,000 – ₹15,000
Private Limited: ₹10,000 – ₹25,000 (approx., including professional charges)
Do I need a business license in India?
Yes, depending on your industry. Examples:
FSSAI – food businesses
IEC – import/export
Trade License – retail/shop/office
Can a foreigner start a business in India?
Yes. Foreigners can open companies in India under FDI (Foreign Direct Investment) rules. They usually opt for Private Limited Companies or Liaison/Branch Offices.
What government schemes help new businesses?
Some popular schemes:
Startup India (tax benefits & recognition)
MSME loans
MUDRA Yojana (small business funding)
Which business structure is best for startups?
For startups aiming for funding and scalability, Private Limited Company is the best choice because it offers limited liability and attracts investors easily.