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In case you have a great business idea in your mind, or you think that you can be a good entrepreneur then you should try opening your own firm. Starting a new business demands a lot more besides a good idea. In today’s world doing business in any country of the world is difficult. You have to follow rules right from the planning to execution of business, as of the country in which you want to start your business. If you have plans for doing business in india, here you have some useful guidelines. To start with, first of all you got to survey the market and decide your line you want to work in. Once you are done with your choice of product or service then decide for the type of company you want to form viz. private company or public company.If you opt to form a private firm then next decision is will it be sole proprietorship or partnership firm. However, if you opt for forming a public company that you got to decide for making a limited company or not. You should also choose out of wholesaling, manufacturing or retailing of your product. Deciding the type of company is important because accordingly you will prepare the application papers for registering the name and trademark of your company. For registration of your company you can seek guidance from any of many existing law firm India and even elsewhere. You can approach law offices located in number in different parts of country. Seeking guidance from law firms reduces the cumbersome job of gathering the papers required for registration and rules out the possibility of missing any paper. Their nominal fee is worth spending specially for those who are unaware of the legal processes involved in formation of company in the country. If you are not citizen of India and you want to start your business in India or invest in any existing Indian venture then your investment will be considered as foreign direct investment (fdi) in India. Government has laid down some policies regarding fdi india which you must go through before investing in any business. It will be of great help for any investor.Retail sector provides great opportunity for foreign investors. Recently, fdi in retail India is increasing at a fast pace. Hence the government has made various changes in their policies in order to motivate foreign investors to invest in retail sector as well. Government does not allow any foreign investment in sectors like railways and defence concerns which are important for national security. Various law firms can advise you well where to invest your money rightly. You should be cautious enough before handing over your money to anyone. Also make enquiries about the firm you are approaching for guiding you through your investment. Only if you are satisfied with attorneys and advisors then invest as per their advice. If you are dealing in country to which you are new, you got to be sure about authenticity of the firm you are investing in and that the people you are dealing with are genuine or not. Hope this article is of help for those who want to start their new business in India or in any other country.
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