Commercial Real Estate Business is having good potential to earn profit. This business should be done in the areas where properties are having good demand and speedy sale. Sometimes this business gives un expected profit margin.
Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, shopping centers, farm land, multifamily housing buildings, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.
Commercial real estate is commonly divided into four categories:
Retail
Medical centers, hotels, malls, retail
stores, shopping centers, public houses
Office
Office buildings
Industrial industrial property
Office/warehouses, garages, distribution
centers
Multifamily (apartments)
Multifamily housing buildings
First three of the above are classified as
being commercial buildings. Residential Income Property may also be used
to mean Multifamily Apartments.
Commercial Real Estate Business can be started in the following manner according to the size and volume of business and capital investment.
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:
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 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:
Office
Rented or own office
Staff
Facilities
Software Development
Software can be Developed according to the needs of the organization and clients.
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.