I receive lots of queries about legal formalities required for starting HR Consultancy ? Actually, the answer depends upon the type of company you want to start. As i already wrote about it in my earlier post How to start a HR Consultancy company, that there are four types of firms in India i.e.
- Sole Proprietorship
- Partnership
- Private Limited
- Public Limited
The easiest and most affordable way to start a HR consultancy is to start it as a Sole Proprietorship firm. For starting a proprietorship firm, you will need few documents as well.
- Letter Head in the name of company
- Visiting card
- Company Rubber Stamp
- Your PAN Card
- Address Proof (copy of telephone bill. Electricity bill)
- Rent Agreement if you are running from rented premises
- Service tax registration (optional)
- Current account in the name of your firm in any bank, we prefer IDBI
It is always advised to have a website designed for your company as it boosts trust about your company in the market. You can even go for SEO as it will bring new customers to you through internet. You can also go for service tax registration, but is optional. Service tax registration is only needed when your annual revenue is more than 10 lakhs. For service tax registration you can contact any CA and he will happy do service tax registration for you for anything between Rs. 2500- Rs.3500.
If you want to open partnership firm for your HR consultancy, you will still need all the things above but in addition to that you will be needing copy of partnership deed. In partnership firm all the partners will be the owners of the company.
If you want to open a Private Limited company, you will be needing 2 persons as board of directors and you will need one auditor. Along with this you will be needing a copy of memorandum of association.
If you are just starting, I advise you to start with sole proprietorship or partnership firm depending on the situation. Then you can move to make it private limited if everything is fine. Hope this will solved some of your queries.:) Leave a comment if you want to know anything regarding the legal formalities.
Samrat
- Jul 7th, 11
Hi! It’s really gr8 2 hear so much abt the HR consultancy business 4m so many people… Since I run a business in the same domain & based in Kolkata, it wud b of a gr8 help if I get some info on the related subject! First of all, How do I procure a Trade Mark/Service Mark for my business (name) & from where (in Kol.)? Secondly, how do I register my co.? And last, but not the least, is there any other licence/s or permit/s needed 2 run the show hassle-free?
I wud truly appreciate if u can pls revert bck 2 me with all the necessary details &/or info at the earliest!
Best wishes,
Samrat Banerjee
Vinay S. B.
- Jul 24th, 11
What say you?
Hi!
This is a very good information. Can you please also tell me the following?
1) One gets the Naukri.com / Monster log & scouts for the different companies’ requirements for various positions.
what are the further steps to contact the company?
What comes first the registration with the company? Pl. explain stepwise.
Thanks & Regards,
Vinay
Vinay S. B.
- Jul 24th, 11
Hi!
This is a very good information. Can you please also tell me the following?
1) One gets the Naukri.com / Monster log & scouts for the different companies’ requirements for various positions.
what are the further steps to contact the company?
What comes first the registration with the company? Pl. explain stepwise.
Thanks & Regards,
Vinay
Prasad
- Aug 6th, 11
The information given in the blog is so useful and helpful…. really appreciable….
savita rajdev
- Aug 17th, 11
Ok If we have completed all the above mentioned formalities…then after that how to find out the clients , how to get into touch with the employers and what is the earning margin…
rahul
- Oct 3rd, 11
the above info provided by u is really helf ful,but i require some more info.
1)How to get in touch with the HR of the companies
2)As per the requirments of the company how can we provide the best suitable candidates to company
3)What r the modes of advertisement
4)Should we take the money from the candidates,as their registration fee & on what basis we should ask payment from the company.
Regards,
RAHUL
joy
- Dec 6th, 11
the information is very helpful, Thank you
Veerabadrachari R
- Dec 21st, 11
Long since i was looking for some information of this kind and I am happy i have found it at last.
It is really useful and it would be nice of you if you can provide us some more information in detail.
Thank you
Veera R
rajiv
- Jan 22nd, 12
hi!
i feel very good after read dis,bcoz i thought its a very difficult process to start a consultancy; but u solved ma problem.
Thanx a lot.:-)
avijit
- Jan 24th, 12
Dear Sir ,
Can u please provide us the Legal requisites except from the information already given ,
Regards
Avijit
Lingaraju N
- Jan 31st, 12
It’s very useful information to those who are going to start consultancy.
Thank you for value information
regards from
Lingaraju N