Things You Should Explore About E-Commerce Company Registration The ease of accessibility to products and services online on web on mobile devices has been the major reason for the demand of ecommerce companies. In fact, the smartphone penetration and growing internet have together made ecommerce business prominent at present. In order to make the online business get executed with appropriate conduct, capital requirement and business registration have to be prioritized. But, prior to the registration, ecommerce business models should be understood. Firstly, the entrepreneur can choose to become a seller on the ecommerce portals or get new website developed. In the second, most entrepreneurs launch their business online backed by technology, marketing and other services to deliver their services without any hindrance. In the context of registration, the business entity has to abide by the rules of ecommerce company registration, wherein, it is necessary for business to get registered as private limited company. This registration offers limited liability protection, ability to have equity investors or equity partners, transferability and a uniquely distinct legal entity. It is also mandatory to apply for the opening of bank after the registration of business. When all the obligations of registration of the business are duly followed, then, bank account in the name of the business will be easier.
When it comes to registering for the bank account, copies of Articles of Association, PAN Card, memorandum of Association and the Certificate stating the incorporation of company should be produced at the bank. Apart from this ecommerce company registration also involves tax registration, wherein, the VAT/TIN registration shall be applicable depending on the plans of business to sell