Proprietorship Registration

Ideal business structure for Small and Medium sized
Enterprises going to Run on Individual Basis

Starting At Just Rs. 2,999*

*Condition Apply

(Takes 12-25 days)

PROPRIETORSHIP FIRM

A business that legally has no separate existence from its owner. 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. A sole proprietorship can operate under the name of its owner or it can do business under a fictitious name, such as XYZ. The fictitious name is simply a trade name-it does not create a legal entity separate from the sole proprietor owner. A sole proprietor need only register his or her name and secure local licenses.

Features:-

The income earned by a sole proprietorship is income earned by its owner.
Sole proprietors are personally liable for all debts of a sole proprietorship business.
Owners can establish a sole proprietorship instantly, easily and inexpensively.
Sole proprietorships carry little, if any, ongoing formalities.
A sole proprietor need not pay unemployment tax on himself or herself Owners may freely mix business or personal assets.

Registration process:-

The main objective is Open Current Bank Account on the Name of Business so it's a simply firm which is enable doing business in India with Less Compliance and Less Costing. a Sole Proprietorship Firm require minimum 2 Legal Entity Proof for open a Current Bank Account.

Required Documents:-

PAN Card of the sole Proprietor.
ID Proof and Address Proof of the sole Proprietor as Adhar Card, Driving License or passport etc.
Rent Agreement, No Objection Certification or Electricity bills of the property where you want to register the business.