Basics of Business Accumen and Framework in Real-Time

This course will equip you with the essentials of starting and running a business. You'll gain knowledge about business structures, required registrations and licenses, and learn how to handle banking and financial transactions. The course is designed for entrepreneurs and business owners aiming to manage legal and compliance aspects effectively.

Duration and Timings:  2 hours daily for 5 days

Mode of Training: Zoom

Course Details:

1. Forms of Organization

     •  Sole Proprietorship: A business owned by one person.

     •  Partnership: A business shared between two or more individuals.

     •  LLP (Limited Liability Partnership): A partnership with limited liability for partners.

     •  Private Limited Company: A company with limited liability, owned by a small group of investors.

     •  Public Limited Company: A company whose shares are available for public trading.

2. Various Registrations Required by Businesses

     •  GST Registration: For businesses whose turnover exceeds a certain limit.

     •  Professional Tax: A state-level tax imposed on professions and employment.

     •  Provident Fund (EPF): A retirement scheme for employees.

     •  MSME Registration: For small and medium enterprises to avail of government benefits.

     •  ESI Registration: For providing medical and financial support to employees in case of illness or injury.

3. Various Licenses Required by Businesses

     •  Trade License: Required to conduct business within a specific area.

     •  Labour License: Necessary for businesses with a certain number of employees.

     •  FSSAI License: For businesses involved in food production and distribution.

     •  IEC (Import Export Code): Mandatory for import/export activities.

     •  LEI (Legal Entity Identifier): A unique identifier for businesses engaged in international financial transactions.

4. PAN/TAN

     •  PAN (Permanent Account Number): A unique identification number for tax purposes.

     •  TAN (Tax Deduction and Collection Account Number): Required for tax deductions at source.

5. DIN (Director Identification Number)

     •  A unique number assigned to individuals intending to become directors of a company.

6. DSC (Digital Signature Certificate)

     •  An electronic signature for secure and authentic online business transactions.

7. Basics of Banking Transactions

     •  Business Bank Accounts: Types of accounts (current and savings).

     •  Cheque and Fund Transfers: Managing payments and receipts.

     •  Loans and Credit: Types of loans and available credit facilities for businesses.

Bonus:

Certificates, Licenses, and Documents: Learn to view and manage various certificates and licenses in real-time.