From Rs.2,999 /- all inclusive fees
A sole Proprietorship firm is the oldest form of doing the business. The Proprietorship owner is the single person who manages, operate and run the business activity is his name. Sole Proprietorship is very easy to start the business and vary minimal statutory or legal requirements for running the business. However, some advantages not having in the proprietorship like limited liability, separate legal entity, perpetual existence, transferability, and corporate existence. In the proprietorship business, the single individual runs the business and in which there is no legal distinction between owner and business. The individual is retail all profit and unlimited responsibility for losses.
In India, there are no specific rules and regulations for registration and run the Sole Proprietorship business. The existence of Proprietorship is depending on the tax law applicable to run the business like GST. The proprietor obtained the GST registration in his personal name and establishes the proprietorship business.
If you want to start your business with Proprietorship, then you must get it registered. You can contact startup Banao for Proprietorship Firm Registration in India or you can register your business as Partnership Firm.
Fill our form with all relevant documents.
We will apply for Registration
We will assist you for open Current Account and other legal papers.
Getting Registration Certificate
In the form of proprietorship business the individual is the single owner. He retains all the profits generating from the proprietorship business.
Minimal registration is required for starting the proprietorship business.
Proprietor can be chosen any name for his business because the proprietorship business name not registered in anywhere.
All income earned by proprietorship business is taxable in the hand of the individual. Individual Income Tax slab are applicable and the income tax threshold limits also applicable for calculating the Tax.
At any point of time the proprietorship can be wind up without any difficulty. Only the tax registration obtain from GST should be closed.
A. 3. One Latest Colour Passport photo
B. Cancel Cheque
C. Desired Firm Name