How to pay on BizPortal and Other Frequently Asked Questions

Businesses can register with the Indian government online through BizPortal. In order to help businesses complete their registration and compliance needs, the site seeks to offer a single-window system. Making payments is one of the most important steps in the registration process, but it can be challenging for business owners. Here are instructions for making payments on BizPortal as well as responses to other frequently asked questions.

After completing the BizPortal registration process, you will be taken to the payment portal. You have the option of paying by net banking, a credit card, or a debit card here. After choosing your preferred payment method, you will be taken to the bank’s website to finish the transaction. You will get a confirmation message on your registered email and cellphone number after the payment is successful.

Obtaining approval for the company name is the first step in forming a company on BizPortal. To achieve this, submit an online application with at least two suggested company names. The names must abide by the standards established by the Ministry of Corporate Affairs. The government will analyze the application when it is submitted and decide whether to accept or reject the names. It’s crucial to remember that the name must be original and unclaimed by another business.

You cannot have two businesses with the same name. Each name in the government’s database of registered company names is distinct. A company’s attempt to register a name that is already in use will be denied. A disagreement over a company name may be settled through the judicial system. How Can I Freely Trademark a Name?

Unfortunately, there is no free way to trademark a name. The legal process of trademark registration involves paying fees to the government. The costs can change based on the kind of trademark and how many classes it belongs to. But there are several government initiatives that provide startups and small enterprises discounts.

DBA, which stands for “doing business as,” is a registration that enables a company to conduct business under a name other than its official one. An LLC, on the other hand, is a business entity that shields its owners from liabilities. In other words, a DBA is only a registration that permits a business to use a different name, whereas an LLC is a specific kind of business structure.