For many prospective entrepreneurs, starting an e-commerce firm is a dream come true. It is also a simple choice for Indian millennials, given the massive expansion of e-commerce players in India and the availability of Internet connectivity. The first step toward your dream of opening an internet store is to register your business. You must first decide which type of entity you will form in order to register your business. You can start out on your own with a Sole Proprietorship firm or a One Person Company.If you plan to infuse stock or bring in Foreign Direct Investment at a later stage, you may want to consider becoming a Private Limited Company. The optimum type of organisation for an e-store is usually a Private Limited Company. It has a number of benefits, including limited liabilities, quick approvals, simple compliance, legal protection, and scalability. Once a firm is registered, you need to apply for GST Registration, which is a mandatory requirement given forth by all e-commerce platforms. After that, you can open a bank account in your company’s name. Some e-commerce platforms additionally require a Trademark, which is a customised logo and brand name. It also aids in the development of your own brand value and reputation.