1. Choose the right structure
- Sole proprietorship — simplest, but no separation of personal liability
- Partnership firm — needs a clear partnership deed; registration is advisable
- LLP — limited liability with flexible management
- Private limited company — suited to raising investment
2. Core registrations
- PAN and bank account in the business name
- GST registration when turnover crosses the applicable threshold, or where otherwise required
- Udyam registration for MSME benefits
- Registration under the applicable Bihar shops and establishments law
- Trade licence from the municipal body
3. Sector-specific licences
- FSSAI for food businesses
- Drug licences for pharmacies
- Fire NOC for premises above specified thresholds
- Pollution control consents for manufacturing units
4. Contracts from day one
- Partnership deed or shareholders’ agreement
- Premises lease
- Supplier and customer terms
- Employment letters
5. Protect your brand
Search before adopting a name and apply for a trademark early. A registered mark is easier to protect against copying.
6. Keep a compliance calendar
Licence renewals, tax filings and labour returns fall due throughout the year. A simple calendar, reviewed with your advocate and CA, prevents penalties. Thresholds and rules change — verify current requirements before relying on any figure.
Frequently asked questions
Do I need a lawyer and a CA?
Usually both. A CA handles tax and accounts; an advocate handles structure, contracts, compliance advice and disputes. They work best together.
About the author
Advocate Vivekanand
Founder & Principal Advocate, Vivekanand Law Firm · MA (English), MBA, LL.B., Author. Full profile
This article is general legal information, not legal advice. It does not create an advocate–client relationship. Legal provisions referred to should be verified for your specific situation and the date of the events concerned.