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Company RegistrationSole
Proprietorship
A business that can be owned and controlled by an individual, a company or a limited liability partnership.
When a business is owned and governed by one person it is called a sole proprietorship company. This type of business can be started in 15 days and hence makes it one of the most popular kinds of business to begin in the unsystematic sector, specifically among merchants and small traders. For a sole proprietorship business, registrations are not required as they are identified by alternate registrations such as GST registrations. However, its liability is unlimited and it also doesn’t have a continuous presence.
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Benefits of a Partnership in
Sole
Proprietorship
Minimum Compliance
Sole Proprietorships have minimum compliance as this firm is identified by its and tax registrations. Therefore, the degree of its agreement is confined to the yearly filing of the service, sales or professional taxes.
Simple To Begin
Any sole proprietorship is simple to begin. One needs to simply have a GST Registration in place. Hence, the procedure is not complicated. Therefore, the sole proprietorship business can be set up in 15 days with the help of a PAN card for identity and proof of address.
Economical
When compared to an OPC or One Person Company, a Sole Proprietorship is economical due to its minimum compliance requisites. Even in the long-term perspective, it is still inexpensive. It works out much cheaper because one would not need to hire an or. One of the main reasons why small merchants and traders choose it.
Documents Required for
Sole
Proprietorship Registration
To open a current account, you need proof of the existence of your business. Most banks will ask for a Shops & Establishments Act Registration. In addition, you will need a PAN card and address and identity proofs.
Procedure For
Company Registration
Complete our Simple Form Online
You are required to fill your details in our simple questionnaire and submit documents.
Verification of Documents
For further procedures, details provided by you will be verified by our experts.
Submission of Document
We will create all the required documents and file them with appropriate authority.
Your work is completed
Once your proprietorship is incorporated, we will intimate you about the same.