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Starting an associate e-commerce store could be a dream for several aspiring entrepreneurs. additionally, with a huge growth of e-commerce players in India and because of net property, it’s additionally a simple alternative for Indian youth.
Business registration is the start of your dream of fitting a web store. For registering your business, you would like to make your mind up which sort of entity you ought to kind. you have got several selections like beginning solo with Sole ownership firm or One Person Company. you’ll additionally take registering a non-public Ld., if you have got plans to infuse equity or herald Foreign Direct Investment at a later stage. Usually, non-public Ld. is that the best sort of organization for Associate in Nursing e-store. it’s several blessings like restricted liabilities, fast approvals, straightforward compliances, legal protection, measurability etc.
Once a business is registered, you wish to use for GST Registration, which could be a necessary demand ordered down by all e-commerce platforms. additional details on GST Registrations are out there here. you’ll then proceed with that gap a checking account within the name of the business.
Some e-commerce platforms conjointly insist on your own Trademark i.e. a customized brand and name. It conjointly helps you produce your own whole worth and goodwill.
Business Models of e-commerce business
Decide on your best option
- Set up your own online store: Setting up your own online store for commercialism merchandise all across Bharat is extremely simple. It contains some extra steps as compared to registering as a vendor on an e-commerce platform. you may boot want an internet site (domain), digital promoting team to make a visibility of your merchandise and payment entree.
- Register as a seller on e-commerce platform: If you would like to register as a trafficker on any existing e-commerce platform, all you would like could be a business registration, trademark registration and GST registration in India. Once these registrations area units obtained, you’ll open a checking account and move with registering on any of the e-commerce platforms.