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Proprietorship

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Proprietorship

What is a Sole Proprietorship Firm?

  • Sole means single and proprietorship means Owner . A sole proprietorship is the oldest and the most common form of the business. It is a one-man organisation where a single individual manages, owns, and controls of the business.
  • Individual proprietorship is form of the business organization at head of which stands an individual as one who is the responsible who directs its is operations & who alone runs the risk of failure.
  • Shop & Establishment Registration under the laws the respective state.:
  • Shop & Establishment Registration under the laws the respective state
  • Registering as the MSME
  • GST Registration

Documents required for registration of Proprietorship Firm

A
  • PAN Card
  • Aadhar Card
  • Soft copy of Photograph
  • List of Sale & Purchase Items
  • Cancel Cheque.
  • Rent Agreement in case of rented property or NOC if owned by relativ
  • Address Proof of Shop/Branch/Godown/Store: Anyone of the following (Should not be older than 2 months)
  • Concession in electricity
  • Electricity bill
  • Water tax
  • Municipal Tax/House Tax Bill
B
  • Aadhaar Number (proprietor,partner,director)
  • Name of Entrepreneur /Applicant as printed on Aadhaar Card
  • Social Category(GEN,OBC,SC,ST)
  • Gender
  • Physically handicapped
  • Name of Enterprise / Business
  • Type of Organisation
  • PAN(ACCORDING TO TYPE OF FIRM)
  • Location of Plant (Address)
  • Office Address
  • Mobile No
  • Email ID
  • Date of Commencement of Business
  • Bank Account Number
  • IFSC Code
  • Main Business Activity of Enterprise
  • Number of employees
  • Investment in Plant and Machinery (Amount in Lacs)

PRICE : Rs 1998

time of process : 3 to 4 working days

Pricing :-

Basic Proprietorship :-

Rs. 1499/- INR

Package Include :- Sole Proprietorship Firm Registration under MSME act 2006
Chartered accountant certification to open a business bank account

Premium Proprietorship :-

Rs. 2499/- INR

Package :- Firm Registration under GST act
Free Premium legal agreement and invoice template

Frequently asked questions :-

The most common and simplest form of business is a sole proprietorship. An individual proprietor owns and manages the business and is responsible for all transactions. The owner is also responsible for all debts and liabilities.
Sole Proprietorship examples include small businesses, such as a single person art studio, a local grocery, or an IT consultation service. The moment you start offering goods and services to others, you form a Sole Proprietorship. It's that simple.
Despite the fact that a sole proprietorship is not technically a business entity, owners can hire employees. There is no limit on the number of employees that asole proprietor can employ.
Income and losses are taxed on the individual's personal income tax return. 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.
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. A sole proprietorship canoperate under the name of its owner or it can do business under a fictitious name. What is the lifespan of sole proprietorship? lifetime
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