what is the procedure to start a trainging and guidance consultancy in india hyderabad what are the formalites

i am a MBA graduate from london and my friend is also a MBA and BTECH from JNTU we both wanted to start a consultancy to provide training and other soft skills but we dont know what are the formalites to be followed so please some one help us regarding this .. we are planning to start the institute in India AP hyderabad so please help about the process like registration and other legal formalities