Your browser will redirect to your requested content shortly. Your browser will redirect to your requested content shortly. Enter the email address associated with your account, and we’ll email you a link to reset your password. How to start small Ecommerce Business Ideas ecommerce business in India The e-commerce industry is witnessing a tremendous growth in India backed by increasing smartphone and internet penetration. Setting up an ecommerce business Business conducted over the internet is called ecommerce.
Currently there are two main modes to starting an ecommerce business, a proprietary ecommerce website or joining an established marketplace. Creating a proprietary ecommerce wbesite is one of the hardest method of starting an ecommerce business. Starting a proprietary ecommerce business requires a web development team, online marketing team and a payment gateway for receiving payments. Joining an ecommerce marketplace as a seller often requires only a bank account and VAT registration, making the process easy and simple. Further, on an ecommerce or mcommerce platform aspects such as technology development, marketing, payment gateway, logistics, etc. Company or LLP Registration While starting an ecommerce venture it good to have a company or LLP to have limited liability protection and improve the ease of doing business. Service tax registration are easy and fast. Almost all marketplaces allow Proprietorships and Partnership firms to sell on their website.
However, there would be no limited liability protection in case of a litigation. Hence, it is best to start selling with a LLP or Company. VAT Registration A VAT registration is a must for becoming a seller on a ecommerce portal or while starting a proprietary ecommerce website. VAT registration is required for anyone selling goods or products in India and must be obtained from the State’s Sales Tax Department. Bank Account Once the Company or LLP is incorporated, a bank account can easily be opened in the name of the business by contacting a Bank. In case of Proprietorship firm, VAT registration must first be obtained to open a bank account in the name of the business. Opening of bank account is essential to list on a ecommerce marketplace or obtain payment gateway for a proprietary ecommerce website.
If the business sells through online marketplaces, then the legal document or sellers agreement is provided by the marketplace and the seller must abide by the sellers agreement. It is important for any business to read the sellers agreements before agreeing to the agreement. I wish to start online business by Joining an established marketplace. Please suggest me how to apply for schemes running by Government for women entrepreneurship. I am planning to start my own ecommerce website. I am already having a sole proprietorship firm . I want to know that I can start my website in my existing firm only or I should go for a private limited company. I am planning to start a online e commerce website like flipkart , snapdeal. I have not any stores .
So i have contacted some vendors and they aggrees to sell products online through us. Intially i will add only cash on delivery payment mode. So i want to know what type of registration is needed to start my buisness ? What type of legal formalites is intially required ? Sir, I want to start e commerce like Groffer .
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