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Q. I want to sell in an E-Commerce Store, Do I Need to Incorporate a company?

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Anonymous

posted 1 year ago

Q.I want to sell in an E-Commerce Store, Do I Need to Incorporate a company?
Hello sir,
I want to sell products on Amazon, and other Ecommerce stores.
They just require tax information to get started, GSTIN number.
I have options to start as a Sole properiter, OPC , LLP , Pvt Ltd.

I don't want to invest much amount of money in the beginning because I am new to all these things, and I want to get incorporated after I am a little bit knowledgeable on how to do this business.

However, I came to know about the SPICe act by the government and I have no idea about it.

Also, What worries me is the unlimited liability thing as a sole properiter,

I am really very confused, please help me out.
Should I apply for a GST number as a sole properiter or start an OPC first and then do this?

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Rajender Prasad

Experience: 5 Year(s)

Responded 9 months ago

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A. ) Dear client, No if you start a prop concern but necessary to get GST NO.. However,For details, contact some advocate through vidhikarya.com

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Rajeev RJ

Experience: 17 Year(s)

Responded 1 year ago

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A. ) For starting a business sole proprietorship is the best option. You can easily sell your products on line with Amazon and Flipkart by taking the GST registration. I was part of legal team of Flipkart so in case of any queries you can get in touch with me.

Regards

Rajeev

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Ashish K Dongre

Experience: 12 Year(s)

Responded 1 year ago

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A. ) Start as a proprietor and after gaining knowledge and confidence, you can opt for OPC. spice are the forms name for incorporating company.

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Kishan Dutt Kalaskar Retired Judge

Experience: 33 Year(s)

Responded 1 year ago

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A. ) Dear Sir,
It is better you consult a chartered accountant or auditor for exact information.

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Nirmal Chopra

Experience: 20 Year(s)

Responded 1 year ago

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A. ) Confirm from Amazon about their company seller policies.

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