SEC-S20W4 | Business Ideas | Dev's Teaching Team | Registration, License, and Taxes

dove11 (77)in #dtt-sc20w4 • 3 months ago (edited)

We are pleased to have completed the first three weeks of SEC-20 and now we enter into the fourth week with new questions and a few tips. From now on, we are expecting entries that understand the questions asked and are prepared to answer them.

Source edited

Our topic of the week is "Registration, License, and Taxes."

We come to the topic straight away and share a short description of what we expect from the participants. This week we are expecting specific answers from the users in business or willing to enter a business to stick to the point and avoid generic answers.

Please keep your answers based on your own experiences or what you expect to do if you are willing to enter into a business and find yourself in a situation described below.

Now we know and understand that most businesses listed in this contest so far are small-scale businesses, barring a couple, but running a business successfully, every point is crucial no matter the size of your business.

Section 1- We are interested to know about the registration procedure of your business in your country and how you manage it.

What are the departments that you need to apply for registration and obtaining a clearance to run your business? Please tell us about your running or proposed business only.

Your business can do better if you know about licensing, registration, and taxation strategies to run your business and avoid statutory litigation. Tell us all about what are the government rules for traders and manufacturers or small-scale industries that you fall into.

Please describe within 200-250 words

Section 2- Tell us all about the procedure to obtain any licence/permit etc. to run your business.

Does your business need any permission/licence, or does your company fall under free trade?
What problems do you face with your governments in running a business? If you wish to avoid the description of "under the table payment," you can do that but mention legal commissions if any, etc. at the time of registration.
What problems do you face or are there any obstacles to getting permits/licenses if any, or do you get them easily with the involvement of inspectors/officers?
How long does the procedure take before you get permission from the government authorities?

Section 3- What is the tax structure for traders/manufacturers

What is the Sales Tax/Trade Tax applicable to your business?
What are other tax slabs if your sales are higher than your current sales?
Are you eligible for any tax rebate depending on your business size?
If yes, how do you file your tax return?

Section 4- What are the options in case you face any tax-related problems?

Do you feel you can manage them with the help of professionals, or do you solve them on your own?
Do you have any consumer courts in your country?
Who has the upper hand in case of any disputes between businesses and consumers?
Does your country have any "fair trade" policy?

Note: Please tell us only about your running or proposed business within 200-250 words.

Contest Rules

1 Your posts must be published on your blog (not in any community), and you should submit your post link in the comment section under this post, and don't forget to resteem this post.

2 The title must be: SEC-S20W4 | My Business Ideas | Registration, License, and Taxes

3 The post must contain the required number of words as specified in the topics.

4 Your post must be free from plagiarism, artificial intelligence (AI), or plagiarism.

5 Use the main hashtag #dtt-sc20w4 among the first 4 tags # steemexclusive # yourcountryname # club.

6 If using the hashtag #burnsteem25 make sure you give 25% of the reward to @null

7 Please mention your club status if any.

8 Invite 3 friends to participate in this contest.

9 Your post must be #steemexclusive.

10 Please interact with other users.

11 Please use images that you own or from free image-sharing websites like Pixabay, Unsplash, Pexels, etc., and mention their source.

This contest starts on Monday, September 30th, 2024, and ends on October 6th, 2024 UTC Time Zone.

Prizes

We shall select five users this week who might get a vote from SC01/SC02. Other Steem Curators might upvote based on the quality of their posts.

Our team will pay 7 Steem Power to all five selected posts this week and recommend winning posts to SC01/02.

7 SP x 5 Users = 35 SP

We will check all posts thoroughly and rank them based on their quality.

Please note-

We will choose the winners based on the quality of the post. A quality post is all about covering all points and staying on point within stipulated limits of words and proper context.

The team's decision will be final and binding on all entries.

Please note: Our queries (if any) in the moderation section and your clarification in the comment section will enhance your chances and will play a major role in your reaching the top five slots.

Your involvement with other users in the contest will be a positive factor but not decisive. Make sure your comments add value and are not a repeat of what the poster has already said in their posts.

Please use proper markdown.

Special Note:

Write your post on your blog by selecting "My Profile" on your dashboard and clicking 'postmark' near your profile picture. Posts in other communities will not count as eligible entries.