With many years of experience in providing CA services to small and medium enterprises, TKC Academy LLP (TKCA), help in choosing the right form of business registration after understanding the business need, taxation impact on the registration, future expansion plan, ownership structure which will best suit to their business need. Starting a business in India requires one to choose a type of business entity. one can choose from five different types of legal entities to conduct business. One can choose any one of the following business entities depending on various factors such as taxation, owner liability, compliance burden, investment and funding, and exit strategy. This is one of the easiest ways of establishing a business. A sole proprietorship firm doesn’t need its own Permanent Account Number (PAN). The PAN of the owner or Proprietor acts as the PAN for the Sole Proprietorship firm. Licenses, permissions, and registrations with various government organizations are required based on their business need. For example, if you provide services, service tax registration is applicable. Similarly, if you trade in goods, VAT registration is required.
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