A complete guide on how to start trading of goods and products in India?

Trading of goods and products is India is one of the businesses that can fetch enormous profit for your business. However, before starting a business trading of goods and products, it requires a substantial amount of research and market analysis related to the product you wish to trade. If you wish to know how to start a goods and products business, read this article where you will find everything that a trading of goods requires.

What is trading of goods and procucts?

Trading of goods typically means to buy and sell items or goods, with the objective of earning higher profits. The goods can be customized items or it can be standard goods. The companies that are doing trading of goods and products are known as Trading Companies.

Trading Companies do not get involved in the manufacturing of the goods directly instead they buy the ready-made goods from various manufacturers or wholesalers and sell it to the end buyer or retailers. Such trading companies can stock the items in s shop or a warehouse or order the goods or items based on the orders received from the customers.

Business structures that can be registered as Trading Company

Business of trading of goods and products can opt for any of the following business structures:

• Private Limited Company
• Public Limited Company
• Limited Liability Partnership
• One Person Company
• Sole Proprietorship Firm
• Partnership Firm

If a foreign person wishes to start a business as a Trading Business of goods and products in India then he may register his business as an Indian Subsidiary However the answer for “How to start a business in India?” remains the same. So, let us have a look at the process for starting a business.

Flow chart of Trading Company in India

With many entities looking to set up business in India, there are a few things to consider when you’re going for registering your business in India. With that in mind, we’re happy to present a few fundamental documents / requirements that are necessary for registering any business in India. Below is the list of documents required to for starting a business in India.

Documents required to start a  trading business of goods and products in India  

Start-Up India Registration    

Now if you are a Start-Up, then you might require some more registrations and licenses, what are they? Let us have a look at the whole list of Registrations and Licenses required for registering a business as a startup in India.

Conclusion

The Government of India’s make in India program, Policies of Ease of Doing Business, Large labour pool has certainly opened up the country’s long stagnating domestic manufacturing sector not only to the local investors but for the investors around the globe. There is a vast number of types of business that can be done in India successfully. Recently there has been a trend for businesses that can be run successfully via infinite digital & online platforms and the government has also supported this by digitizing the methods of registering a business in India.

Suggested Read: Why would it be good move to start an IT business in India?