Training of Accounting Software, Statutory Compliance software and Software for MIS is a good course curriculum for professionals who are working in accounting field and who want to increase their marketability by getting training related to this field. Experienced persons can start this business of Accounting Training Business by taking franchise of any existing well reputed organization or by forming own set up by appointing faculty and staff.
Facilities Required
Practical aspect is most important for Accounting course. So the course curriculum should be made by giving importance to the practical side. The Students should be in a position to do accounting work after completing the course. It is advisable to include tax related syllabus with accounting course. Faculties should strictly have practical experience.
The following business forms can be used to start accounting work.
A Proprietorship can be started by single person with the following facilities:
Office
Rented or own office
Staff
Facilities
Opening of Bank Account
In India, Bank Account of a Proprietorship can be opened by giving the following documents:
But in other countries, documentation procedure will be different according to the law of land.
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Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.
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.
Office
Rented or own office
Staff
Facilities
Opening of Bank Account
In India, Bank Account of a Partnership firm can be opened by giving the following documents:
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Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.
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:
Please refer to Registration Procedure of a Private Limited Company for more information related to Registration of Private Limited companies.
Office
Rented or own office
Staff
Facilities
Opening of Bank Account
In India, Bank Account of a Partnership firm can be opened by giving the following documents:
Advertisement
Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.
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:
Please refer to Registration Procedure of a Public Limited Company for more information related to Registration of a Public Limited company.
Office
Rented or own office
Staff
Facilities
Opening of Bank Account
In India, Bank Account of a Partnership firm can be opened by giving the following documents:
Advertisement
Different modes of advertisement like news paper, internet, pamphlet, hoardings etc can be used according to the budget.