Currently, one of the most common business markets is online selling of goods and services. Whether it comes to groceries or any other goods or even services, the first choice of people is to do online shopping or consultation. Due to high demand , people start entering into this industry of online selling of goods or services. In the present time there are hundreds of big online sellers in the market and still people are starting their online selling businesses. One of the most common doubts among the people who are entering into this industry is whether company registration in India is required for online sellers or not. Here in the current blog we will try to furnish all about the online sellers and their business registration.
What Do You Mean by Online Company Registration?
The process of establishing a company or business entity is commonly referred to as incorporation or registration of a company. This incorporation process must be executed through the MCA. For the incorporation of the entity you first need to file an application for name approval and then an application for incorporation. It is not an easy task to register for your company. One must complete it entirely without leaving anything out. The governing body in front of which this incorporation or registration process takes place is the Registrar of Companies.
Is it Mandatory to Register a Company for Online Sellers?
Company registration in India is a choice not a mandatory requirement for any kind of business. But of course it is suggested to do online company registration for your entity in order to make it customer friendly. Online businesses are lacking in customer trust, hence company incorporation required for online sellers, so that they can tackle this problem. If they build the trust among the customers no one can stop them because online business is all about customer satisfaction. If you build the trust among the customers and satisfy him or her then they are going to get back to you. Business registration required for online sellers, so that they can grow in the market and build trust among the consumers. There are many types of business registration you can opt for and they are discussed below in the same write-up.
What is the Right Time to Register a Company?
This is one of your all-time favorite questions. This question has come up several times. This question has no conventional answer. If you studied the preceding text properly, you should have found out the solution to this question. There is no such thing as a good or bad moment to register your business. It’s similar to how there are a few tasks, such as research, that must be completed before you can incorporate your company in India. If you incorporate your company without completing basic study about your business, you may end up making the wrong decision; therefore, always register your company when you are certain that you now know the majority of the stuff regarding your business as well as the business entity.
Types of Business Registrations for Online Sellers in India
As it is clear from the above content of the blog that business registration is needed for online sellers, hence choosing the right entity will surely going to help. The very first thing you should do before creating a company in India is investigate the various types of corporations in India. This is important for entrepreneurs to understand so that they may select the best option for their firm. It is critical to understand the different sorts of businesses before registering your own. The following are some of the most important corporations:
- Sole proprietorship Firm which is governed and run by a single person and it don’t even required to go through any kind of formal registration procedure.
- One Person Company Registration is the greatest alternative for people who wish to start their business on their own but also want to incorporate a corporation.
- Partnership Firm Registration is the another option for the online sellers but it is not a corporate body.
- The next entity is a Limited Liability Partnership firm, which is not supervised by the Companies Act of 2013, but has all of the characteristics of an incorporation.
- Because of the benefits it provides for enterprises, Pvt Ltd Company Registration is the first choice of many business owners.
- Public Limited Company Registration is ideal for large corporations.
Online Company Registration Process for Online Sellers
As business registration is suggested for online sellers, you also need to do this registration if you are in the same industry. Follow the steps given below in order to register a company for online sellors:
- Research or investigate the company.
- Conduct market research
- Investigate your competition.
- Create a thorough business plan.
- Create a proper investment strategy.
- Consider a respectable name for your firm.
- Submit an application for the approval of your company’s name.
- After the name has been approved, file the firm registration application.
- Include the appropriate payments with your application.
- The ROC, or company registrar, will now properly verify your application.
- If everything checks out, they will award you your “Certificate of Incorporation.
Conclusion
Yes, company or we can say business registration is required for online sellers, we are not saying it is mandatory but for sure it is required to make your business venture successful. In case you are thinking about establishing an online selling business and are doubtful about various things regarding the same, you can contact us. We have a team of professionals who can guide you about the same. This is how you can establish a legal business by following all the requirements of the business. Online Company registration comes up with various advantages like customer trust, reliability, credibility, tax benefits etc, due to which it has been suggested to all the business owners to register their company. This will help you out to make your business successful in the market. Hence when it comes to online sellors it has been suggested to them to register their company.
FAQs
- Why should online sellers do Company Registration in India?
Online selling is all about customers’ trusts, hence the very first reason of business registration is that it helps in getting trust of the customers and secondly it comes up with many benefits like separate legal liability, transparency etc.
- Is it mandatory for the online sellers to do business registration?
No, it is not at all mandatory for the online sellers but as an expert it is always suggested to the online sellors to do business incorporation.
- Is Startupfino Helps in Company incorporation?
Yes, Startupfino helps in the business registration process.
- What are the benefits of the Registration of the Company?
Out of the various benefits of the online company registration, separate legal liability, deemed judicial personality, perpetual succession and transparency are some important ones.
