Starting preschool

Please state the name of state since this guideline differ from the state to state.

also state your purpose and objective specifically to start this activity.

Yes. state the facts as advised by Mr.Adv.Bharat sir.  in which state the preschool is located? and for what purpose i.e. are there any aims or objects?

If you wanrt tro run the preschool on  for profit basis Limited Liavbility private company is best. If it is not for profit LLP, trust/Society etc are better. Read the concerned state education act for obtaining various registrations under  the Act. Apply for Bank LAON. /////ESPECIALLY bHARATIYA mAHILA bANK OFFERS LOAN FOR DAY CARE CENTERS @12% INTEREST AND   Repayment  PERIOD OF 5 YEARS ETC.

                                      bANKS  MAY ADVANCELAONS FOR LAND, BUILDING, FURNITUYRE, EQUIPMWNT  ETC. But  THEY DON'T ADVANCE OPERATIONAL  OVERHEADS SUUCH A S  STAFF SALARY, MAINTENACE EXPENDITURE, UTILITY BILLS ETC.

                                 yOU MUST DRAW CASHFLOW STATEMENTS EVERY YEAR TO MEET OPERATIONAL COSTS.pROMOTERS ALSO  CAN CONTRIBUTE THEIR EQUITY FUNDS FOR A SMOOTH CASH FLOW..You can invite public subscripttion as well.

                                    yOU MUST LOCATE THE SCHOOL IN  ADEQUATE PLACE WITH SPACE FOR PALY GROUND AND HYGIENE SO THAT THE KIDS DO NOT SUFFER ANY HEALTH RISKS.

                                          yOU MUST ENTER  into LONG TERM LEASE AGREEMENT AND IN THAT PROCESS DON'T JEOPARDISE YOUR PRESCHOOL VENTURE IF YOU  DON'T OWN A BUILDING ADEQUATE TO START THE  PRESCHOOL FOR Tinytots.

If you wanrt tro run the preschool on  for profit basis Limited Liavbility private company is best. If it is not for profit LLP, trust/Society etc are better. Read the concerned state education act for obtaining various registrations under  the Act. Apply for Bank LAON. /////ESPECIALLY bHARATIYA mAHILA bANK OFFERS LOAN FOR DAY CARE CENTERS @12% INTEREST AND   Repayment  PERIOD OF 5 YEARS ETC.

                                      bANKS  MAY ADVANCELAONS FOR LAND, BUILDING, FURNITUYRE, EQUIPMWNT  ETC. But  THEY DON'T ADVANCE OPERATIONAL  OVERHEADS SUUCH A S  STAFF SALARY, MAINTENACE EXPENDITURE, UTILITY BILLS ETC.

                                 yOU MUST DRAW CASHFLOW STATEMENTS EVERY YEAR TO MEET OPERATIONAL COSTS.pROMOTERS ALSO  CAN CONTRIBUTE THEIR EQUITY FUNDS FOR A SMOOTH CASH FLOW..You can invite public subscripttion as well.

                                    yOU MUST LOCATE THE SCHOOL IN  ADEQUATE PLACE WITH SPACE FOR PALY GROUND AND HYGIENE SO THAT THE KIDS DO NOT SUFFER ANY HEALTH RISKS.

                                          yOU MUST ENTER  into LONG TERM LEASE AGREEMENT AND IN THAT PROCESS DON'T JEOPARDISE YOUR PRESCHOOL VENTURE IF YOU  DON'T OWN A BUILDING ADEQUATE TO START THE  PRESCHOOL FOR Tinytots.No need to pay any servixce tax but if it is  for profits  you come under Income tax net..

Dear Mr. Bharat,

Thanks for the respose. Regret delay in reply to your query.

I am located in bangalore , Karnataka.

Currently I am running it under propreitorship. But recently the govt has revised  its norms stating that preschools should also be registered unther the Karnataka schools and  prohibits it run by propreitor. Only schools run by Trust, Society or Company are permitted to register. Since pre schools are run in rented premises with less than 100 children either in own brand or thru franchise, I seek your advise for the best option.

Regards

shankarram