The Modi government has made it compulsory for any budding entrepreneur to submit her or his Aadhaar number in order to register a new business. In fact, aspiring startups can’t even ‘fill’ a new online form for registering new enterprises introduced last month unless the Aadhaar credentials of their promoters (sought in the first column of the form) are validated online.
The ministry for micro, small and medium enterprises had last month notified Udyog Aadhaar, taking a cue from the prime minister’s radio show Mann Ki Baat, where he had talked about simplifying procedures to start a business with a single-page registration form.
A good business strategy will always include a fine business blueprint and a plan to bring in potential investors to put their stake in the venture. Although one can rely on online platforms like https://sell.io/ who prove useful to entrepreneurs in their endeavor to start their business, it can prove crucial for the owners to have proper documentation to build the correct base for the enterprise. Any new business that gets started up must have the proper paperwork in place to ensure that it can function within its intended sector. For online businesses, there will be other needs that must be implemented to make sure that customers are protected whilst browsing and buying. Online business has soared over the years as digital platforms have become the norm in most areas, and despite this being a great leap forward in e-commerce it can still be a minefield for businesses trying to get started. The right security measures must be put in place,, as well as secure and efficient payment systems like https://merchantalternatives.com/reviews/affinipay/ so that there is little room for error and people can feel safe buying online. Registering a new business is key, and a one-page form can cut down on a lot of paperwork but this does not mean that essential steps should be overlooked, whether that be a physical store or a digital one. Along with that, business owners must also understand the need to spread the word about their business to their potential clientele, and for the same, it is essential that they seek professional advice on how to go about the same.
It should be noted that the Supreme Court has only allowed Aadhar to be used ‘voluntarily’ for a few social welfare schemes. Some state governments had already voiced apprehensions about the need to ask only for entrepreneur’s Aadhar numbers rather than other identification proofs in order to register their businesses.
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