how to register a proprietorship company in india



A sole proprietorship has been the simplest and common form of business for any traders and merchants in India. An individual proprietor owns and manages the business and is responsible for all business transactions. The sole proprietorship firm does not create a legal entity separate from its proprietor or owner. It simply refers to a person who owns & manages the business and is personally responsible for all business transactions. A sole proprietorship can operate under the name of its owner/proprietor or it can do business under a separate Trade name. A Sole Proprietorship Firm require minimum 2 Legal Entity Proof to open Current Bank Account.


Option 1 as GST Registration :

Considering the business nature one may require the GST Registration either on mandatory or voluntary bases.

Option 2 as MSME license :

Go with this option when you just starting your very small business and not required the GST Registration in any condition.

What are the documents required for proprietorship firm?

Aadhar Card
PAN Card
Registered office proof

Features of Proprietorship Firm :

Single Owner of the Business
Easy to Start and Easy to Close
Complete Control
Lower Cost of Formation and Compliance

What are the advantages of a Sole Proprietorship firm ?

Minimal compliance
Suitable for small to medium scale businesses
Easy to register as compared to a Pvt. Ltd. and a limited liability partnership
Greater flexibility and ease of operations
Basically Proprietorship Firm Registration is a simple firm registration it’s also called Sole Proprietorship Firm in that Single owner of the business and Liability is also the unlimited.

Get Started with Proprietorship Registration

About EbizFiling.com :

EbizFiling.com is a motivated and progressive concept conceived by like-minded people, which helps small, medium and large businesses to fulfill all compliance requirements of Indian Laws.

Get in touch for a free consultation on info@ebizfiling.com or call 9643203209.

Website - https://www.ebizfiling.com/

Visit Link - https://www.ebizfiling.com/blog/how-to-register-proprietorship-company-in-india/

gst registration process, GST Return filing process, Accounting services India

Comments

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