What is Proprietorship Business ?
Proprietorship or sole proprietorship which is also known as sole trader, is a type of business entity owned and operated by one person. It is also like a individual giving business name for himself to perform business activities professionally.
What is Proprietorship Registration ?
When an individual decided to perform business as sole trader or as Proprietor then the business name has to be registered with one of many options available such as GST, IE code, MSME etc., with the government to make the business legal and to get bank account on the company name.
100% Online Process @ 06393-872460
To obtain Proprietorship Registration, you can do by yourself in the Government portals or we will do it for you end to end.
Main Advantages of Registering a Proprietorship Firm
Establishment and administration of Proprietorship Firm is very easy and cost effective
Sole ownership allows the freedom of Policy and Decision making without interference of Third Parties
Best suitable for small businesses & unorganised sector
Minimal Compliance requirements, where maintenance of books of accounts is not mandatory
The owner can withdraw profit from the business as and when required
Rate of tax applicable for individual taxation will be levied for the Business Income of Sole Proprietorship Firm
Easy conversion to Corporate Forms such as One Person Company or Private Limited Companies and LLPs with addition of Directors / Partner.
- Aadhaar card
- ID Proof (PAN Card / Passport / Voters Card / Driving Licence and Aadhaar Card)
- PAN Card
- ID Proof (Passport / Voters Card / Driving Licence and Aadhaar Card)
- Rental Agreement on Business name if available
- Electricity Bill copy of the address
- Passport Side Photo
- Cancelled Cheque