1. Partnership Firm Registration

• Though optional, registering the firm under the Indian Partnership Act, 1932 is recommended
  
• Registration gives the firm legal recognition and rights in court
  
• Requires submission of Form 1, partnership deed, and identity proofs
  
• Registered firms must notify the Registrar of any changes in structure
  
• This is the foundation for acquiring other business licenses
  

2. PAN and Tax Registrations

• The firm must obtain a Permanent Account Number (PAN) from the Income Tax Department
  
• A Tax Dedication and Collection Account Number (TAN) is needed if the firm deducts TDS
  
• Goods and Services Tax (GST) registration is required if the turnover crosses the threshold limit
  
• GST return filing and compliance follow after registration
  
• These registrations are necessary for all tax-related transactions
  

3. Shop and Establishment License

• Issued by the local municipal authority or state labour department
  
• Mandatory for operating a commercial establishment or office
  
• Regulates working hours, holidays, wages, and employee rights
  
• Application must be made within a prescribed time after starting business
  
• Periodic renewal is required based on local laws
  

4. Industry-Specific Licenses

• Firms involved in food must obtain an FSSAI license from the Food Safety Authority
  
• A Trade License is needed from the municipal corporation for certain trades or services
  
• Import Export Code (IEC) is necessary for firms engaged in international trade
  
• Professional Tax Registration may be required, depending on the state
  
• Environmental, factory, or health licenses may be needed based on the nature
  

5. Labour and Employee-Related Licenses

• Firms with employees must register for the Employees’ Provident Fund (EPF) if applicable
  
• Employees’ State Insurance (ESI) registration is needed for firms meeting eligibility criteria
  
• Labour registration and compliance with wage laws are mandatory for certain sectors
  
• Maintenance of employee records and attendance is part of ongoing compliance
  
• Applicable laws vary based on the number of employees and state rules