Typical steps to discuss with your advisers.
In this guide
Choose a structure
Proprietorship, partnership, LLP or company; each has different liability, compliance and tax implications.
Register as applicable
PAN, GST, licences and others as the business requires.
Open a business bank account
Keep business finances separate from day one.
Set up accounting and compliance
Pick software, a chart of accounts and a compliance calendar.
Key takeaway. Requirements depend on your activity, location and size; get tailored advice before you register.
General information only; not personal advice. Rules and limits change, so verify current details. Last updated October 2026.