Best Hyderabad Lawyer for NRIs: Divorce, Criminal, Property, Civil, Business, Corporate & Real Estate Lawyers in Hyderabad - NeedALawyer

Assuming you wish to freelance as an individual or sole proprietor, registration of a company (of any type) is not essential. An individual can operate a sole proprietorship business under his/her own name or under a trade name or under an internet domain name (after registration of the domain name through a registrar like GoDaddy

Since no legal agreement is required to be entered into with another individual or legal entity (as in the case of a partnership, Limited Liability Partnership (LLP), private company etc.), a one-person company is, compared to other business structures, the easiest in terms of formation and administration. All you will have to get is a PAN Number (PAN Card Application), open a Current Bank Account and register to pay Service Tax in case your firm's turnover exceeds INR 9,00,000 in the preceding financial year

There are two types of trusts in India: private trusts and public trusts. The private trusts are governed by the Indian trusts Act, 1882 and are used for running institutions or private estates. The public trusts are divided into charitable and religious trusts and are governed by the Charitable and Religious Trust Act, 1920, the Religious Endowments Act, 1863, the Charitable Endowments Act, 1890, the Bombay Public Trust Act, 1950 are some of the statutes for the enforcement of public trusts in India. Trusts formed to do charitable and religious services come under Public Trusts.

Proprietorship & Partnership has tiny process as compare to Pvt. Ltd. company. Private Limited company need registration under 1956 companies act at Registrar of Companies which can be done by initial 1 lac authorized capital and cost of forming a company comes to around 15-25 thousands depending upon your location.

Advice when starting on freelancer website

Working on Freelancer offers freedom but at the same time, self-control and time management and good organization are needed. Don’t take jobs that require more time and effort than you can afford. Only take jobs you know you can accomplish in the given time margin. If you need an extended deadline, don’t be scared to negotiate for one.

Make sure your work ethic is good. If your work output is good and you keep finishing projects on-time, your reputation will precede you and reviews will speak volumes about you. Also, ensure all your writing is error-free and has the correct syntax. These will sure that clients will keep coming back to you.

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