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Business Initiation

Business Initiation

Business Vehicle

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Incorporating Legal Entities

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From the blogs

Do you want to register a LLP?

To register a Indian LLP, you need to first apply for a Designated Partner Identification Number (DIN), which can be done by filing eForm for acquiring the DIN. You would then need to acquire your Digital Signature Certificate and register the same on the portal. Thereafter, you need to get the LLP name approved by the Ministry. Once the LLP name is approved, you can register the LLP by…

Legal Services from ARTIS

Legal Services from ARTIS

Entry and Investment Routes & Other important aspects

Foreigners can directly invest in India either on their own or as a joint venture, with a few exceptions with regard to investment limits and sectors. The article also throws light to Other important aspects such as repatriation

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What is a business enterprise? What are the Government agencies that guide new entreprenuers?

A business enterprise is an economic institution engaged in the production and/or distribution of goods and services in order to earn profits and acquire wealth. The scope of a business is very wide. It includes a large number of activities which may be classified into two broad categories i.e. Industry and Commerce. Production of goods is the domain of 'Industry' and distribution comes under 'Commerce'. Every entrepreneur aims at starting a business and building it into a successful enterprise. The term 'entrepreneur' means to undertake and pursue opportunities and to fulfill needs and wants of people through innovation. He/she innovates and combines resources in the form of men, materials and money and brings them together to make the business venture profitable. He/she is prepared to take risk and face challenges. Thus, innovation and risks are the two basic elements of a good entrepreneurship. The whole process of starting a business begins with writing a business plan. A good business plan is the key to setting up a successful business. Once a plan is prepared, the entrepreneur faces various challenges while implementing the plan.
The Commissionerates or Directorates of Industries are the nodal agencies in different States which assist and guide new entrepreneurs in starting up an industrial unit in the concerned State. They provide an interface between industry and other agencies for industry inputs and enable the entrepreneur to get different industrial approvals and clearances from various departments at a single point-Single Window. They sanction incentives to eligible industrial undertakings and create a transparent and automatic system of allotment of scarce raw materials to industrial units. Hence, a new entrepreneur must approach the concerned commissionerate while setting up a business firm.