Hi,
I am planning to start own job Consultancy. Can anyone help and guide me in this regard and tell me what all need to be done to start with a job consultancy and how can I get companies\'HR contacts.What are the legal requirements
Pls help!!!!!!
From India, Chandigarh
2I am planning to start own job Consultancy. Can anyone help and guide me in this regard and tell me what all need to be done to start with a job consultancy and how can I get companies\'HR contacts.What are the legal requirements
Pls help!!!!!!
From India, Chandigarh
Dear Parminder
Hope this info might be useful for you
Process
1. Decide a name for your company: Deciding name for the company is very important as this is the brand for which you will be working for the rest of your life. You should like the name and you should be able to relate yourself to the company.
2. Buy a domain name: You should buy a domain name for your company. Its compulsory because no body would trust a company who doesn’t have a good website and domain name is very important for having a website.
3. Get your website Designed and Hosted: Next step is to get yourself a professional website design for your company.
4. Choose the type of company you want to open:
Deciding which type of company you want to open is something which you have to do. There are 4 types of company which you can form in India.
• Sole Proprietorship : A sole proprietorship also known as a sole trader, or simply proprietorship is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the owner . All assets of the business are owned by the proprietor and all debts of the business are his debts and he must pay them from his personal resources
• Partnership: A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business. Partnerships are often favored over corporations for taxation purposes, as the partnership structure does not generally incur a tax on profits before it is distributed to the partners
• Private Limited: A private company is a type of company incorporated under the India. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of public limited companies
• Public Limited: A public limited company is a type of limited company in the India which is permitted to offer its shares to the public.
5. Starting as a sole proprietorship firm: If you are starting alone i recommend you to start as a sole proprietor, because its easy to start and total control is in your hands. There are not much formalities for this kind of firm, you just have to get a current account ready in your name and you are ready to do business. However, if you company turnover reaches 10 lakhs per year, you will have to register for service tax.
6. Open a current account in any Bank: Opening a current account is the most important part of business. If you are opening a sole proprietership firm and have your service tax registration done, you can open account in any bank you want. But if you have not applied for service tax registration, you can opt for government banks to open the account. You can look for IDBI bank as opening current account is quite easy in that bank. For opening a current account you will need a company letterhead, Visiting card, and company stamp.
7. Buy naukri or monster login: You have to buy naukri or monster login to supply candidates to your clients. This is the costly part of consultancy business but you have to buy this to get started. Naukri login costs around Rs. 1 Lacs for 12 month.
You can buy it anytime but i recommend you to buy it once you get your first client. Don’t forget to negotiate as who knows you can get a better deal.
8. You are ready to do the business. Just go ahead and start searching for clients.
Please feel free to contact me at for any of ur queries,
i would be glad to guide you with the process..
Cheers
Hope this info might be useful for you
Process
1. Decide a name for your company: Deciding name for the company is very important as this is the brand for which you will be working for the rest of your life. You should like the name and you should be able to relate yourself to the company.
2. Buy a domain name: You should buy a domain name for your company. Its compulsory because no body would trust a company who doesn’t have a good website and domain name is very important for having a website.
3. Get your website Designed and Hosted: Next step is to get yourself a professional website design for your company.
4. Choose the type of company you want to open:
Deciding which type of company you want to open is something which you have to do. There are 4 types of company which you can form in India.
• Sole Proprietorship : A sole proprietorship also known as a sole trader, or simply proprietorship is a type of business entity which is owned and run by one individual and where there is no legal distinction between the owner and the business. All profits and all losses accrue to the owner . All assets of the business are owned by the proprietor and all debts of the business are his debts and he must pay them from his personal resources
• Partnership: A partnership is a type of business entity in which partners (owners) share with each other the profits or losses of the business. Partnerships are often favored over corporations for taxation purposes, as the partnership structure does not generally incur a tax on profits before it is distributed to the partners
• Private Limited: A private company is a type of company incorporated under the India. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of public limited companies
• Public Limited: A public limited company is a type of limited company in the India which is permitted to offer its shares to the public.
5. Starting as a sole proprietorship firm: If you are starting alone i recommend you to start as a sole proprietor, because its easy to start and total control is in your hands. There are not much formalities for this kind of firm, you just have to get a current account ready in your name and you are ready to do business. However, if you company turnover reaches 10 lakhs per year, you will have to register for service tax.
6. Open a current account in any Bank: Opening a current account is the most important part of business. If you are opening a sole proprietership firm and have your service tax registration done, you can open account in any bank you want. But if you have not applied for service tax registration, you can opt for government banks to open the account. You can look for IDBI bank as opening current account is quite easy in that bank. For opening a current account you will need a company letterhead, Visiting card, and company stamp.
7. Buy naukri or monster login: You have to buy naukri or monster login to supply candidates to your clients. This is the costly part of consultancy business but you have to buy this to get started. Naukri login costs around Rs. 1 Lacs for 12 month.
You can buy it anytime but i recommend you to buy it once you get your first client. Don’t forget to negotiate as who knows you can get a better deal.
8. You are ready to do the business. Just go ahead and start searching for clients.
Please feel free to contact me at for any of ur queries,
i would be glad to guide you with the process..
Cheers
Thanks for ur reply sir. I want to ask u is there any license reqd to start. And plz tell me the trustable company name where we can buy a domain name and website hosting?
From India, Chandigarh
From India, Chandigarh
Dear Parminder,
Greetings of the Day,
firstly you have to do home work for first three steps and then going to 4th steps,
You can do it or you can take the help of any following consultants.
Company Registration Consultants in Chandigarh, India | Justdial
and about the web registration and hosting you can check this
<link outdated-removed> ( Search On Cite | Search On Google ) (Paid)
Home (Free for one year)
You will face some problems at the initial stage but these all are just one time activity, so just start to face all these one by one with proper home work and planning.
Greetings of the Day,
firstly you have to do home work for first three steps and then going to 4th steps,
You can do it or you can take the help of any following consultants.
Company Registration Consultants in Chandigarh, India | Justdial
and about the web registration and hosting you can check this
<link outdated-removed> ( Search On Cite | Search On Google ) (Paid)
Home (Free for one year)
You will face some problems at the initial stage but these all are just one time activity, so just start to face all these one by one with proper home work and planning.
Sir, i want to know registeration is compulsory when start, or license is reqd to start.if license needs then what is the procedure ? how can i grow the business,tell me the tips if possible
From India, Ludhiana
From India, Ludhiana
Dear manpreet,
Greetings of the Day,
The first step will be to register your company, whether it will be a proprietory or partnership firm, as long as its proprietory you can operate a current or savings a/c, makes no difference.
CA/Advocate will help you get your firm registered, as well as help you with the sevice tax no.
A CA can also help with information such as "maintaining books of accounts" and filing of service taxes.
You also need to have a written annual contract with your clients, to whom you will be providing manpower. Most of the clients will have a ready format which you need to legalise on stamp paper, in case the clients do not have a format you need to make one detailing payment terms.
Greetings of the Day,
The first step will be to register your company, whether it will be a proprietory or partnership firm, as long as its proprietory you can operate a current or savings a/c, makes no difference.
CA/Advocate will help you get your firm registered, as well as help you with the sevice tax no.
A CA can also help with information such as "maintaining books of accounts" and filing of service taxes.
You also need to have a written annual contract with your clients, to whom you will be providing manpower. Most of the clients will have a ready format which you need to legalise on stamp paper, in case the clients do not have a format you need to make one detailing payment terms.
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Job Infosoft Consultancy Services.pptx
Job Description - HR & Admin.doc