E Commerce is the buzz word in today’s world. Sale and purchase of goods and availing services has gone on digital platform. The world is shrinking as the E commerce platforms are growing. E-commerce has transformed the way of doing business and trade throughout the world. Starting an e-commerce business is a dream for many aspiring entrepreneurs. Also with enormous growth of e-commerce players in India and thanks to Internet connectivity, it is also an easy choice for Indian youth.Considering the population and demand, India is a big market for E-commerce.
Business registration is the first step towards your dream of setting up an online store. For registering your business, you have to decide which type of entity you should form. You have many choices such as starting solo with Sole Proprietorship firm or One Person Company. You may also opt for registering a Private Limited Company, if you have plans to infuse equity or bring in Foreign Direct Investment at a later stage. Usually, Private Limited Company is the best form of organization for an e-store. It has many advantages such as limited liabilities, quick approvals, easy compliances, legal protection, scalability etc.
Once a business is registered, you need to apply for GST Registration, which is a mandatory requirement laid down by all e-commerce platforms. In order to operate, the Entity needs to open a bank account with any bank in India in the official name of the entity.
Some e-commerce platforms also insist for their own Trademark i.e. a personalized logo and brand name. It also helps you create your own brand value and goodwill.
Setting up own online store for selling products all across India is very easy. It contains some additional steps as compared to registering as a seller on e-commerce platform. You will additionally need a website (domain), digital marketing team to create visibility of your products and payment gateway.
If you wish to register as a seller on any existing e-commerce platform, all you need is a business registration, trademark registration and GST registration in India. Once these registrations are obtained, you can open a bank account and go ahead with registering on any of the e-commerce platform.
1. Experienced and dedicated personnel assigned for engagement.
2. We will get in touch with you to understand your business model and suggest you an appropriate form of organization such as OPC, Private Limited or Proprietorship.
3. Collection of required documents along with a simple checklist.
3. Verification of the Documents as required for registration by our registration experts.
4. Drafting of the essential documents by our Assigned Personnel.
5. Signing of documents by the client.
6. Application for registration to concerned authority.
7. Register on any e-commerce platforms
There are various reasons why one should start E-commerce Business. Here are some of them:
If you have a physical store, you are limited by the geographical area that you can service. With an e-commerce website, the whole world is your playground.
Physical retail is driven by branding and relationships. In addition to these two drivers, online retail is also driven by traffic from search engines. It is not unusual for customers to follow a link in search engine results and land on an e-commerce website that they have never heard of. This additional source of traffic can be the tipping point for some e-commerce businesses.
One of the most tangible positives of e-commerce is the lowered cost. A part of these lowered costs could be passed on to customers in the form of discounted prices.
It is not unusual for customers to travel long distances to reach their preferred physical store. E-commerce allows them to visit the same store virtually, with just a few mouse clicks.
Store timings are now 24/7/365. E-commerce websites can run all the time. From the merchant's point of view, this increases the number of orders they receive. From the customer's point of view, an "always open" store is more convenient.
With our experienced and skilled personnel, We at UpriseLegal makes process of registering your E-Commerce very smooth and helps you in each and every step at a very affordable prices. We also help in obtaing your domain and creating the website. You don’t have to worry on how to start an E-commerce as UpriseLegal is there to provide all the assistance that you need. We follow law to the core and uses our knowledge to avoid any hassles in your business so that you can rise and grow! You may get in touch with our compliance manager on 9173512402 or email us at info@upriselegal.in for free consultation.
