Practical approaches on employment
and Labour issues
Course Number : 18
Formalize Your Business for Informal Enterprise
Course Objectives: The overall objectives of the training are to promote formalization and enhance participants’ understanding of the benefits, processes, and challenges of business formalization. In addition to equip informal entrepreneurs with the knowledge and practical steps to formalize their businesses. The following are the specific Objectives:
- To enhance participants’ understanding of the benefits, processes, and challenges of
- business formalization.
- To equip informal entrepreneurs with the knowledge and practical steps to formalize their businesses.
- To build capacity to navigate legal, financial, and administrative systems to improve compliance and competitiveness.
- To encourage the development of individual action plans to initiate the formalization process.
Course Duration: 03 days
Participants level
- Owners of Cottages, Micro and Small informal enterprises.
- Entrepreneurs who have no trade license, TIN, BIN and others licenses.
- Entrepreneurs who are now operating their business in informal settings
Possible topics to be covered
Possible topic to be covered:
- Define formalization and its 3 dimensions (registration, compliance, continued legal operation)
- Benefits of business formalization: legal security, market access, finance, public support
- Identify internal/external barriers and Challenges for formalization
- What motivates entrepreneurs to formalize?
- Types of businesses, registration authorities, required documents, how it works in Bangladesh
- Types of Tax, compliance requirements, filing processes, Practical Exercises & Microteaching
- Setting Up a Bookkeeping System
- Types of VAT, compliance requirements, filing processes.
- Labour Regulations and Decent Work (Employment Formalization)
- BLA (Labour Rights, Appointment letter, leave and wages, OSH etc.)
- Develop individual action plans for formalization with timeline.