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Business Plan for Construction Company
Starting a construction company can be really rewarding for the business owner but shall ask for a lot of hard work, resilience and patience. Starting a construction company is not a simple process, however if a business owner has made up his/her mind and has passion to drive it, then this business is worth pursuing.
Construction business owners should be well prepared for all the challenges and hurdles that may come across at the initial or later stages of business tenure. To make it less complicated, we need to understand some basics and important steps to start a construction company in India.
Steps to Start a Construction Company
- Creating a Business Plan
- Performing thorough Research
- Registering or Legalising the Business
- Building Network and Hiring Workforce
What are the documents required to start a construction company in India?
- Business Plan
- Identity Proof of applicant
- Passport-sized photographs
- Applicant’s Aadhar card
- Electricity and Water bills
- Business PAN card
- Company’s establishment certificate
- Last 12 months’ bank statement
- Copy of GST Registration
- Rent agreement
Steps to register as a Private Limited Company for a Construction Business
Step 1: Get Digital Signature Certificate (DSC) and Director’s Pin (DPIN) by submitting a DSN application. DSC and DPIN are issued by the Ministry of Corporate Affairs (MCA).
Step 2: Obtain DIN from the official website of MCA.
Step 3: Check for name availability from 3 name options to finalize it.
Step 4: Download and submit SPICe INC 32 form (Simplified Proforma for Incorporating a Company) at MCA’s official website for company incorporation.
Step 5: Draft a Memorandum of Association (MOA) and Articles of Associate (AOA).
Step 6: For Incorporation Certificate, obtain Corporate Identity Number (CIN) number.
Step 7: Apply for the PAN, TAN and bank account after receiving the incorporation certificate to get it in week’s time.
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You can also visit the official / source website to download the PDF from following links: https://www.bexar.org/DocumentCenter/View/187/Construction-Business-Plan-PDF