Proprietorship Registration.

Start your business as a proprietorship within one day. All you need is MSME (Udyam Aadhar) & GST Registration to start the proprietorship business.

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What is Sole Proprietorship in India?

A sole proprietorship, also known as the sole trader, individual entrepreneurship or proprietorship, is a type of enterprise that is owned and run by one person. The owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss, etc. A sole trader does not necessarily work “alone”. It is possible for the sole trader to employ other people.

There is no mechanism provided by the Government of India for the registration of a Proprietorship. Therefore, the existence of a proprietor must be established through tax registrations and other business registrations that a business is required to have as per the rules and regulations. A sole proprietorship is dissolved when the owner stops doing business. This can occur if the owner sells the business, passes away and leaves the business to his heirs, or simply closes the business.

Who is the Sole Proprietor?

An owner is the owner of a sole proprietorship business. It is not a corporate or legal entity. The proprietor and proprietorship are the same legal entity. Proprietor’s PANs and other documents are the basis for all registrations and obtaining licenses. The proprietor is held personally liable in case of any liability in the business.

Advantages.

1.

Starting a Business is an easy step. There is no registration requires to start a business and proprietorship. They can take payment from the clients or customers and issue an invoice without any formalities.

2.

Sole proprietorships have functional and tax advantages compared to other business entities. One of the functional advantages of sole proprietorships is that they are easier to set up than other business entities.

3.

A person becomes a sole proprietor simply by running a business. Another functional advantage of a sole proprietorship is that the owner maintains 100% control and ownership of the business. By definition, a sole proprietor simply by running a business.

4.

Sole proprietorships also have tax advantages over other business entities. Under Virginia income tax law, sole proprietorships do not require separate tax fillings. Instead, an owner reports the business’s net income or net loss on his personal income tax form.

What documents Required for Proprietorship in India?

  • Applier Pan Card

  • Applier Aadhar Card

  • Electricity & Water Bill (Business Place)
  • Latest Bank Statement Of the Proprietor

Key Registration for Proprietorship India

Basic

1888
  • GST Registration
  • MSME Registration
  • Website Design 1

Standard

2950
  • GST Registration
  • MSME Registration
  • Website Design 1
  • GST Invoice Software 2

Premium

11800
  • GST Registration
  • MSME Registration
  • Website Design 1
  • GST Invoice Software 2
  • Trademark Filing 3
  • Domain & Hosting Charges extra, website design from our side.

  • GST Invoice software valid for 1 year, Available for Desktop & Android.

  • Trademark Filing including Government Fees, DSC & Professional Fees.

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