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Creating a Company and Enabling VAT in Tally. ERP 9 To create a company Go to Gateway of Tally Alt F3 Create Company 1. Press Enter to view the Company VAT Returns screen. In the Group Name under which EEC Debtors are classified select Sundry Debtors 3. Purchase Returns You can use the Debit Note Voucher to record a Purchase Return entry. In F11 Features F1 Accounting Features Set Use Debit/Credit Notes to Yes Use Invoice mode for Debit Notes to Yes 2. Enter the Mailing Details for the...

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1. Research the market to identify a unique business idea.
2. Develop a business plan outlining your company's purpose, products or services, target market, and financial projections.
3. Register your company's name and obtain any necessary permits or licenses.
4. Decide on the legal structure of your company and register it accordingly (such as sole proprietorship, partnership, limited liability company, or corporation).
5. Secure financing for your company by applying for loans, seeking investors, or using personal funds.
6. Hire employees or contractors as needed and ensure compliance with employment laws.
7. Set up your company's infrastructure, including office space, equipment, and technology.
8. Create a marketing strategy to promote your company and attract customers.
9. Establish accounting and bookkeeping systems to track finances.
10. Comply with all legal and tax obligations, such as paying taxes and filing necessary documents.
11. Continuously evaluate and refine your company's operations to ensure long-term success.

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5. Those looking for potential tax benefits and liability protection that comes with creating a company.
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