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Generator Business

Generator Business of different capacities can be done as dealership to manufacturing. Generator Manufacturing requires huge amount of capital investment and technical expertise. Generator dealership and annual maintenance services can be done simultaneously. There is increasing demand for generators especially for industrial works.

Generator hiring also have demand in the market for industrial houses.

 

 

 

Generator Business can be started in the following manner according to the size and volume of business and capital investment.


Proprietorship

A Proprietorship can be started by single person with the following facilities:

Showroom

Rented or own Showroom

Staff

Facilities

Dealership

Dealership will give added advantage for small scale business.

Opening of Bank Account

In India, Bank Account of a Proprietorship can be opened by giving the following documents:

  1. ID Proof of Proprietor
  2. Address Proof of Proprietor
  3. Photograph of Proprietor
  4. Copy of PAN Card of Proprietor
  5. Copy of any bill raised by the firm (some banks may ask for)

But in other countries, documentation procedure will be different according to the law of land.

 

 

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Partnership

A Partnership can be made by two or more persons by creating partnership deed.

Registration of Partnership Deed

In India, it is not compulsory to Register a Partnership deed. But an un registered partnership have some disadvantages in the eye of law. So it is better to register the deed with the Registrar. A Registered partnership firm has all the right to sue in a court of law in India. But in other countries there may be differences in rule.

Showroom

Rented or own Showroom

Staff

Facilities

Dealership

Dealership will give added advantage for small scale business.

 

 

 

Opening of Bank Account

In India, Bank Account of a Partnership firm can be opened by giving the following documents:

  1. ID Proof of Partners
  2. Address Proof of Partners
  3. Photograph of Signatories
  4. Copy of PAN Card of Partnership Firm
  5. Copy of Partnership Deed
  6. Address Proof of Partnership firm
  7. Any other document which may be asked by the bank

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Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.

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Private Limited Company

A Private Limited Company can be registered by minimum of 2 person and maximum of 50 persons. There are many advantages of registering a private limited company. A Private Limited company can be registered with limited liability, which will protect the personal asset of the business man in case of failure of business.

Registration of Private Limited Company

In India, it is compulsory to Register a Private Limited Company. It can be registered with the help of a Practicing Company Secretary, Advocate or A Chartered Accountant. Facilities required for Business are:

Showroom

Rented or own Showroom

Staff

Facilities

Opening of Bank Account

In India, Bank Account of a Partnership firm can be opened by giving the following documents:

  1. ID Proof of Directors
  2. Address Proof of Directors
  3. Photograph of Signatories
  4. Copy of PAN Card of Company
  5. Copy of Memorandum and Articles of Association
  6. Address Proof of Company
  7. Any other document which may be asked by the bank

 

 

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Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.

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Limited Company

A Limited Company can be registered by minimum of 7 person and there is no maximum limit of members. There are many advantages of registering a Limited company. A Limited company can be registered with Limited liability, which will protect the personal asset of the members in case of failure of business.

Registration of Limited Company

In India, it is compulsory to Register a Limited Company. It can be registered with the help of a Practicing Company Secretary, Advocate or A Chartered Accountant. Facilities required for Business are:

 

Showroom and office

Rented or own Showroom and office

Staff

Facilities

Collaboration

Collaboration with any reputed manufacturer will boost business from initial stage also.

 

 

Opening of Bank Account

In India, Bank Account of a Partnership firm can be opened by giving the following documents:

  1. ID Proof of Directors
  2. Address Proof of Directors
  3. Photograph of Signatories
  4. Copy of PAN Card of Company
  5. Copy of Memorandum and Articles of Association
  6. Address Proof of Company
  7. Any other document which may be asked by the bank

Advertisement

Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.

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