How To Register Small Scale Business
Staff strength is less than ten but not more than fifteen and has a share capital business of about five to ten million naira.
How to register small scale business. From 19 june 2020 all businesses under the home based small scale business scheme will be allowed to resume. You will have your own small business idea. List of items exclusively reserved for small scale sector can be found here 2. Regardless you are starting a business in manufacturing retailing or service providing you must register your business. Home based businesses that involve customers entering a flat for a prolonged period should also deploy safeentry to facilitate contact tracing.
This license is given for five years. 3 but the basics are the same. Please refer to the ministry of health s press release and safeentry for details. Items not covered can be found here. Starting a business involves thinking of a business concept writing a business plan understanding the financial side and finally marketing and launching.
Under the home office ho scheme home owners tenants or occupants of private residential properties can set up small scale offices in their homes as long as they satisfy the prevailing ho guidelines and performance criteria and ensure that the use does not cause amenity problems to the neighbours. 12 steps to start a small business in india. This certificate is given when the unit is in pre operative stage and helps ssi unit obtain term loans and working capital. I am sure you will be able to make a solid blueprint and start your small scale business after reading this. Consult with an accountant or attorney to determine which is best for your business.
Msme registration is not mandatory but a preferable alternative to reap all the benefits given to micro small and medium scale enterprises. However there are different govt authority for specific types of licensing needs. The objective of crafting this article is to provide information about small business registration procedures in india to the entrepreneurs. Provisional small scale industry ssi registration to obtain ssi registration you must apply for provisional ssi registration certificate. Starting a small business is without a doubt a large undertaking but it is fortunately something that can be attained by anybody with a good idea a strong work ethic and a good set of resources.
Registration process is divided into two provisional and permanent. Although many small business owners choose not to do this small scale businesses commonly use legal structures for tax purposes tracking expenses separately and reducing personal liability. Here are the 12 step plan to start any type of small business idea in india. Get business licenses and permits your local and state law may vary when it comes to the requirements for establishing a small farm business.