AVOID THESE MISTAKES WHEN REGISTERING A NEW HEALTHCARE RETAIL VENTURE

1. Skipping the Retail Drug License Requirement One of the most frequent errors is underestimating the importance of a Retail Drug License, which is mandatory under the Drugs and Cosmetics Act, 1940. Whether you're opening a standalone medical store, a wellness retail outlet, or an online pharmacy, this license from the State Drug Control Departme

1. Choose the Right Business Structure The first step is to decide your business structure—sole proprietorship, partnership firm, LLP, or private limited company. This affects taxation, liability, and ease of operation. Most pharmacies and distributors prefer LLP or Pvt Ltd for credibility and scalability. 2. Secure a Retail or Wholesal