Steps to Start an E- Business The following are the initial steps involved in the process to start an online business and start selling items instantly: z Business structure and Registration Operating an E-Commerce or E-Business does not exclude from requiring certain business licenses and permits. The company must be registered before starting the trade. Registration includes business name, trade name, type of company. (e.g., Private Ltd, Public Ltd, Partnership or Sole Proprietor, LLP - limited liability partnership etc.) The company must be registered to get the bank account opened in the company name and obtaining GST registration documents easily.
Any one is allowed to enroll in an online platform and start selling immediately, but there will be no limited liability protection provided to litigation. Thus, if one need to sustain and grow it is best to start with an LLP or a company. Home page of Ministry of Corporate Affairs to register a Business organization online Chapter E-COMMERCE version CHAPTER version CHAPTER - - - - z Tax Registration Taxation is unavoidable in any country. A company must have registered with tax department of the concerned nation.
In India registration with GST and other tax norms is a necessary to begin selling online, it does not matter whether we are starting our own online business website or selling on a others’ portal. gst.gov.in, home z Business Bank Account Bank account facilitate payment systems. Once the company or LLP is registered successfully, the next step is to apply for a bank account in the name of the online venture. GST certificate is necessary to open a bank account for a business firm.
z Payment Gateway The next important step is to implement a payment gateways integrated with E-Commerce website to allow customers make their payments through credit card, debit card, Internet banking, etc. With digital payment gateway, the customers can make the payment online which automatically gets transferred to business’s bank account. z Shipment Solution Once the above steps are accomplished and start receiving the order, the next