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Do I need to register a firm to get a Computer Institute franchise?

QuestionsCategory: franchiseDo I need to register a firm to get a Computer Institute franchise?
k.diksha Staff asked 4 weeks ago
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1 Answers
Best Answer
k.diksha Staff answered 4 weeks ago

Hello,
Greetings for the day!
The question is valid and is intended to gain serious knowledge. I have come across such questions almost every day from our clients at FranTiger.
The easiest answer is YES.
You need to understand the situation over here before making a decision.
The institute which is offering it’s Franchise, is it a registered business entity under the Companies Act 2013 or earlier?
If yes, then are they operating in other territories too?
Who is going to take care of the revenue generation?
How are you going to collect the profits?
If the answer to above questions are similar in nature and you would be managing the accounts in individual capacity, then yes all your transactions should be underpinning to a registered legal business entity.
It can be applied through the Startup offer running at Startup Services
A registered business entity further assist you in getting a bank account, GST number, PF benefits and a lot more financial services will be open for you to avail.
If you need further information on the same, connect to our experts at FranTiger
You will be assisted with timely delivery.
All the best for your new venture.

Your Answer