Sole Properitorship Firm Registration
A sole proprietorship is a easy way to commence a business in India. In a sole proprietorship business there is no seperate legal difference between the owner and the business.
Request Quotation/Call Back From Startup Specialist
The sole proprietorship is the simplest business form under which one can start a business. Only one individual person is an owner of the entire business, An Owner is known as proprietor of the business and can operate the business in his own name or any other trade name. Sole proprietors are personally liable for all debts of a sole proprietorship business. The sole proprietorship is a popular business form due to its simplicity, ease of setup at nominal cost. A sole proprietor need to apply for the Permanent account number (PAN), secure local licenses, open current account with the bank and the proprietor is ready for doing business transactions. The legal compliance in sole proprietorship firm is very easy to comply for an individual and small business setups, many businessmen start their business as a sole proprietorships and gradually as business grow they convert into more complex business forms.
Advantages
- Easy to start -Owners can establish a sole proprietorship instantly, easily and inexpensively.
- No Time-taking Formalities -Sole proprietorships carry little, if any, ongoing formalities.
- No Separate tax liability – A sole proprietor need not pay any additional corporate or other tax on himself or herself.
- Business with owner/ Owner with Business – Owners may freely mix business or personal assets.
- No Filing Requirement – No Filing requirement except ITR and GST return (if registered).
- Easy to open a Bank account – Bank account in name of Firm after registered in GST.
One of the great features of a sole proprietorship is the simplicity of formation. In fact, no formal filing or event is required to form a sole proprietorship; it is a status that arises automatically from one’s business activity. the proprietor provides a good idea for help in incorporate Proprietorship firm and required registrations.
Our Introduction
We provide high-quality services that combine value for money and performance while establishing a successful relationship with clients.
- We provide services at PAN India level.
- One stop solution for any business looking for CA, CS & Legal Services.
- Easy and time-cost effective solution at reasonable price.
- No Hidden Cost Everything is put before you with no hidden charges or conditions.
- Confedential & Safe as All your private information is safe with us.
