Sole Proprietorship Reg.
Description
What is Sole Proprietorship Reg.?
A Proprietorship Firm Registration is mainly considered as ownership and is a type of organization that is run by a single person. In this type of business, there is no lawful perception between the proprietor as well as the business organization.
The proprietor is in direct control of all the issues and is also officially answerable for the budget related to business like loss, debts, loans, and so on. In short, you can say that a sole proprietorship is an easy and hassle-free form of business organization to register as well as grow in a country like India.
You can easily open and start running your Proprietorship Firm within 15 days.
Documents required for Proprietorship Firm Registration
You need a few documents to successfully register the Proprietorship Firm
- Aadhar card of the proprietor
- Electricity bill or telephone bill
- PAN card
- Bank statement or canceled cheque
- Proprietor photo
- Rent agreement in case the office is rented
Benefits of Proprietorship Firm Registration ·
- Incorporating a sole proprietorship firm is less complex and inexpensive when compared to other forms of business entity
- This type of firm needs only a few registrations due to which you can start your business within 15 days
- As the name of proprietorship is not registered in the MCA portal so you have the freedom of choosing any name. But it should not disobey the registered trademark.
- If the income of your proprietorship business is less than Rs.5 lakh then you don’t have to pay the income tax. ·
- It is the type of firm or business that can be easily registered and operated by one person.
Therefore, if you want to know the entire process of proprietorship firm registration then you can take assistance from BusinessBadhega.com. It is one of the best online platforms that offer help for different company registration.
Note:- Fee Plus Government Charges addon & as per actual