How to Register a Business in Tamil Nadu (Business Registration)

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How to Register a Small Business in Tamil Nadu
As per the survey conducted by Guidant Financial, ‘Small Business Trends Alliance: 2020”, 77% of people who decided to start their small business are happy. It was great and motivating news that more than 3/4 of people who had boldly resigned from their job and entered into their own ventures are happy and successful.

How to Register your business?
Every business organization is in a regulated atmosphere whereby they are bound to comply with the provisions of the law of the Government, either Central or State or local bodies. These registrations vary by Nature of Business, the intention of the owner, the volume of business, and various other factors.

Registration heads
The Registrations are classified into various heads, under that there are various options
1. Company Registration
2. Intellectual Property
3. Tax Regulations
4. Government Licenses

Choose your Business Structure
Proprietorship: This is a business that is owned and invested by a single individual. This type of entity is the simplest form of business organization. The owner remains personally liable for all the dues loss and liabilities against the business. Further, Owner reports business profit and loss on their personal tax return
Partnership: A partnership is a formal arrangement by two or more parties to carrying out a business with a view to making a profit. Partners remain personally liable for lawsuits filed against the business. Each partner contributes money, property, labor, or skill; each share in the profits and losses of the business; and each has unlimited personal liability for the debts of the business.
Limited Liability Partnership: A typical partnership form of the business suffers from the problem of unlimited liability. Partners of typical partnership firms have unlimited liability towards their collective debts and legal consequences. LLP has become a preferred form of organization among entrepreneurs as it incorporates the benefits of both partnership firm and company into a single form of organization.
Private Limited Company: A private limited company is a separate legal entity that is privately held for small businesses. A Private Limited Company can be formed with a minimum of two members and a maximum of 200 members. Private limited must also have minimum of 2 directors which can extend up to 15
One Person Company: One Person Company (OPC) is a form of private limited company but can be formed just with 1 owner, and this owner acts as both the director as well as a shareholder. In a one person company, there can be more than 1 director, but it cannot exceed more than 1 shareholder.
Public Limited Company: A Public Limited Company is a separate legal business entity which offers its shares to be traded on the stock exchange for the general public. This is suitable for large scale business.

2. Register your business Name
a. Trademark Registration: Trademark is used to signify a company name, brand name, logo or trade symbol or name or label or colour combination which identifies a specific business. The purpose of trademark Registration is to protect your Company Name and brand name in the marketplace from being copied.
b. Copyright Registration: Copyright Registration protects creativity such as your content, your promotional ads, videos, books and more of your creative work from being copied by others.
3. Taxation
a. GST Registration: GST Stands for Goods and service tax. It is an indirect tax that has replaced many indirect taxes in India such as the excise duty, VAT, services tax, and many other indirect taxes. All the businesses supplying goods whose turnover exceeds Rs 40 lakh in a financial year are required to register as a normal taxable person.
b. GST Returns: Every GST holder must submit the GST returns every month, the necessary forms for registering the GST is Form GSTR 1, GSTR 3B. Further GST holder must also submit annual returns which is GSTR 9.
c. Income Tax
4. Apply for Licenses and Permits
a. FSSAI
b. ESI
c. IE Code
d. Drug Licence
e. Trade License