E-commerce business is broad segment which covers all kind of transactions and business carried out electronically. It can be an online service provider, online shopping site, online consulting, Matrimonial site etc.
E-commerce business offers several advantages like global market, easy marketing of the product, increased customer base, avoidance requirement of shop/office etc.
Things required for an e-commerce platform
- Catchy Domain Name
- Hosting for website
- Good web interface
- Logistics and payment management
- Privacy and security management
Things not required for an e-commerce platform
- Physical Shop/office
- Godown, if the e-commerce platform is only an intermediary
- Large manpower
You can carry out e-commerce business in the form of a sole proprietary business, partnership firm, company, limited liability partnership etc.
If you are planning for a small scale business sole proprietary form of business will be appropriate. If you have plans to develop your e-commerce business to a strong market player and aims to explore the global market, company form of business will be the best choice.
Company can be divided into three based on its basic characteristics.
- One Person Company with one member and one director
- Private company with minimum two members and two directors
- Public company with minimum seven members and three directors
Company form of business will offer following advantages
- Brand building
- Easy availability of finance
- Limited risk
- Enhanced scope in global market
Now, registering your e-commerce company is an easy process. Due to the recent initiatives of the government a company can be registered even in one day.
Procedure for registering your company
- Find out your business idea
- Obtain Digital Signature Certificate (DSC)
- Obtaining Director Identification Number (DIN) for Proposed Directors
- Checking whether the proposed name of the company is being used by any other person
- Preparation of Memorandum of Association, Articles of Association, Declarations, Affidavits and other documents
- Filing forms for incorporating company along with the application for PAN and TAN of the Company
- Make Payment for application for registration along with stamp duty based on the authorized capital of the proposed company and the fees for PAN and TAN
- Obtaining Certificate of Incorporation
- Post Incorporation works
Basic Documents required for registering your company.
For Digital Signature
- Pan Card and Address proof of the applicants (Passport in case of foreign national)
- Passport Size Photograph of the Applicant
For Director Identification Number
- Pan Card and Address proof of the proposed Directors (Passport in case of foreign national)
- Passport Size photo of proposed director
- Personal details of the proposed director
For Company Registration
- Proposed name of the company
- Electricity Bill/ Mobile Bill/ Telephone Bill/ Gas bill (not older than two months) of the proposed registered office of the company
For more information and for registering your e-commerce business contact us
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