Proprietorship Registration
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This package includes consultation, Udyog Aadhar(MSME) registration, GST registration and current account opening assistance.
This package includes consultation, Udyog Aadhar(MSME) registration, GST registration, current account opening assistance, Shop & Establishment Registration and Professional Tax Registration.
This package includes consultation, Udyog Aadhar(MSME) registration, GST registration, current account opening assistance, Shop & Establishment Registration, Professional Tax Registration and ESI & PF Registration.
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Proprietorship Registration
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity, it simply refers to a person who owns the business and is personally responsible for its debts.
Business with small capital requirements and low levels of risk opt for being run as sole proprietorships. Many ‘Kirana’ shops, small home-based ventures and often startups with a sole founder (at least in their initial stages) are structured as sole proprietorships.
Documents Required for Proprietorship Registration
To register a sole Proprietorship, the following documents are required:
- Colour Photo with White Background
- Aadhar Card
- PAN (Permanent Account Number) Card
- Cancelled Cheque
- Registered Office/Residence Address Proof: Voter ID Card, Driving Licence, Passport, Bank Statement, Electricity Bill
Advantages
- Easy to Start and Close:
Sole proprietorship can be easily started or dissolved at any time with minimum legal formalities. No separate law governs sole proprietorship. So, it can be started or closed down easily at the will of the proprietor.
- Quick Decision Making:
Sole proprietor enjoys complete freedom in taking the decisions. Timely decisions help you to take advantage of market opportunities as and when they arise.
- Low Overheads:
Sole proprietorship involves low overheads because the sole proprietor manages the business affairs himself. Thus, managing cost is quite low, resulting in low overheads on account of
managing costs. - Minimum Government Regulation:
The operations of a sole proprietor are regulated by government and law to the minimum extent. You have to comply with tax and labour laws, but otherwise, you are free from interference. The PAN of the proprietor and proprietorship is one. Thus in most cases, only income tax return in Form ITR-3 is filed.
Disadvantages
- Unlimited Liability
A proprietorship has unlimited liability. If the business fails, the creditors can recover their dues not merely from the business assets, but also the personal assets of the proprietor.
- Limited Life
In the eyes of the law the Proprietorship and the owner are considered the same. Death, insolvency or illness of a proprietor affects the business and can lead to its closure.
- Limited Funds
The sole proprietor is at a disadvantage in raising sufficient capital. The capital may be limited and personal assets may also be insufficient for raising loans against their security.
- Taxes & Licence
The sole proprietor pays taxes individually because all forms of capital are invested by the owner and all the licences are registered by the name of the proprietor.
Standard Other Registrations or Licences We Provide
PAN Registration
A PAN or Permanent Account Number is an important document all taxpayers must possess, as mandated in the Income Tax Act of 1961.
Learn More
Trademark Registration
A trademark is a unique symbol or word(s) used to represent a business or its products. Once registered, that same symbol or series of words cannot be used by any other organisation, forever, as long as it remains in use and proper paperwork and fees are paid.
Learn More
Shops & Commercial Establishment Registration
Shop act registration is to be taken compulsorily to start business establishment. Details of personal employed are to be given on yearly basis.
Learn More
Professional Tax Registration
Professional Tax Registration is levied by Municipal Corporations of various states in India. People who carry the profession such as CA (Chartered Accountant), Lawyers, Doctors, Business Owners etc need to pay these taxes. The owner of a business is responsible to deduct professional tax from the salaries of its employees.
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Udyog Aadhar (MSME) Registration
MSME Registration helps you to receive payment on time from large companies as they have to pay MSME Vendor within 45 days. Plus, you get benefit at the time of taking a loan in form of concessional rate of interest.
Learn More
GST Registration
Any person or entity supplying goods or services in India above the aggregate turnover limit (INR 20L for Service and INR 40L for Goods) is mandatorily required to obtain GST registration. For certain businesses such as Interstate Supply, E-Commerce Operators registration under GST is mandatory irrespective of turnover limit.
Learn More
TAN Registration
The Tax Deduction and Collection Account Number (TAN) is required for people who are deducting or collecting tax at source. Anyone paying a salary or commission is required to get a TAN.
Learn More
FSSAI Registration
Every food business operator (FBO) involved in the manufacturing, processing, storage distribution and sale of food products must compulsorily obtain FSSAI Registration or License. FSSAI Registration is different from FSSAI License in the sense that depending on the size and nature of the business, FBO should obtain the necessary registration or license.
Learn MoreProprietorship Firm Registration Process
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01
Finalisation of Firm Name
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02
Verification of Documents
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03
MSME Registration for Proprietorship
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04
GST Registration for Proprietorship
Find the Perfect Price
for Proprietorship Registration
(All Taxes Inclusive, Transparent Pricing)
| Plan feature |
Basic |
Plus |
Pro |
|---|---|---|---|
| ₹ 2999 | ₹ 6499 | ₹ 10999 | |
| Features | |||
| Consultation |
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| Udyog Aadhar (MSME) Registration |
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| GST Registration |
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| Current Account Assistance |
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| Shop & Establishment Registration, if not factory |
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| Professional Tax Registration, if applicable |
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| ESI & PF Registration |
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Disclaimer:
- ESI applicable on minimum 10 employees and whereas PF on 20 employees. PF can be opted under voluntary scheme even if the employees are less than 20.