LegalWizin's blog

As you are already aware that the valuation actually depends on many factors, I would also say how the need of buyer affects the consideration.

Here are the points affecting consideration:

1. How unique your trademark is. Well, few times the buyer finds it an opportunity that the trademark is unused because there will no perception in consumer’s mind. Here the only need of buyer is to buy the right on the unique name.

Every person who is registered under GST has to file GST return quarterly or monthly as applicable. If you are not maintaining accounts, then for filing GST returns you can maintain only data of his sales and purchase with required detail such as invoice no., client name, GST number , Tax paid or collected etc. for taking credit and for payment of tax to government.

The documents - Terms & Conditions, Privacy Policy, Refund Policy, Website Declaimers and other legal documents for online businesses are drafted carefully based on the business type. While drafting those, all the perspective and recent provisions are taken in mind.

Although it depends on you to choose whether to hire a counsel for drafting or not, it is recommended to at least consult once to know if at your business scale or as per your requirement, adopted documents will work or not.

This is the perfect question, every businessman must ask. Unfortunately, many businesses fails to find or recognise the financial or non-financial aids, both the Central and State Government offer to new or small scale businesses.

One of the common registration can be obtained by the businesses is Micro, Small and Medium Enterprises (MSME) Registration.

Yes. For NSIC registration, the having MSME registration is pre-requisite. You need to register first under MSME and then go for NSIC registration. Both serves different purpose.

Also, the registration criteria are stringent than those under MSME. The registration can be applied online at Single Point Registration Scheme (SPRS).

See also: http://www.nsic.co.in/

The proprietor’s business can be taken over by the other entity through an agreement to buy the business assets and liabilities.

There could be two situations of takeover:

The school teacher, a salaried individual is required to file ITR 1 (Sahaj) based on the salary statement and other details.

If the person has also received income from other heads (except PGBP), ITR 2 is filed.

Starting a business would follow the business formation to its registration with various authorities. Based on the organisation structure chosen, the formation process will be followed to make the business come in existence.

As soon as the formation or incorporation is completed, the priority task will be to obtain PAN and TAN of the entity, which will be followed by opening the bank account.

.in is the Internet country code top-level domain (ccTLD) for India.

The domain is operated by INRegistry under the authority of NIXI, the National Internet Exchange of India. INRegistry was appointed by the government of India.

As of 2009, This .in Website Domain Registrations is part of Network Information Center - India

.in (available to anyone; used by companies, individuals, and organizations in India)

The total cost can be divided in 2 parts:

• Government Fee and Stamp Duty

• Professional fee and execution expenses

The Government fee and Stamp Duty:

The Government fee depend not only on Authorised Capital, but also the State. For the Authorised Capital of 50 Lakh in case of small company, the this is the fee for few States. In UP, it is Rs. 84,010. In Gujarat, it is Rs 108,120. In Maharashtra, it is Rs 93,300.

You can enquire the total fee payable to Government by using “Enquire fees” facility of MCA.