Any kind of registration is not needed to start a proprietorship firm. However, registrations like shops & establishment along with other kinds of registrations including GST are necessary. Do not worry about this constraint. It equally applies to all kinds of businesses. Actually, you must go for mentioned registrations as they help to a large extent to operate the business in a smooth way. A bank account is also necessary. You can ideally depend upon our expertise to meet the expectations, we are happy to serve you. In order to keep you away from all kinds of unforeseen problems, we also consider the geographical and political rules of every state. You can also depend upon us for Income Tax and payment of taxes.
Key Points On Proprietorship Registration
No Registration Required
You can unhesitatingly start the proprietorship business. Rules do not restrict you from doing so. Talk to us for further details.
No Foreign Funding
Nobody can use money from foreign to start any proprietorship business. This business is only for Indians while complying with stipulated rules.
Income Tax Return is essential to file. With intelligent use of rules and regulations, you can save more taxes for the financial year. Reach us for more details.
Easy to Start, Easy to Close
The best part of the proprietorship business is it can be started immediately without any registration. Similarly, it can be closed without any hassle.
Proprietorship Registration Procedure
Step1: Selection Of Name
However, any kind of registration in India is not needed to start the proprietorship business. But, make sure that your name, logo, or any other element is not affecting the popularity or business of others. Always make smart decisions to keep problems away.
Step2: TAN Number Allotment
Every businessman is advised to comply with TDS rules in order to make transparent transactions. TAN is essential for this. It is a unique number provided by the Income Tax Department of India. Talk to us to clear the doubts & confusion.
Step3: MSME – UDYOG Aadhar
Respected ministries and departments of the Government of India offer several online conveniences for entrepreneurs. Just go for Udyog Aadhar Number. It allows you to reap the benefits of all these facilities while replacing the old method of registration of MSME by filing EM-I / II.
Step4 : Shops & Establishment Registration
Every commercial establishment or shop essentially has to be registered with the concerned authority. Keep in mind that the Government of India provides a maximum period of 30 days to apply for registration.
Step5: Open A Bank A/C
In order to make a smooth transaction for the betterment of the proprietorship business, you essentially need a bank account in the scheduled bank. Reach yourself or talk to our executive for dependable assistance.
List of Documents for Proprietorship Registration
- Two Colour Photograph
- Self Attested Copy of Pan Card
- Valid Identity Proof of Proprietor
- Latest Address Proof of Proprietor
- Canceled Cheque
- Proof of Registered Address
- NOC from the Owner of Premises
ADVANTAGES OF SOLE PROPRIETORSHIP REGISTRATION
- Sole proprietorship business is the simplest form of business in India.
- The easiest form of business entity to start with fewer formalities.
- The liability of the sole proprietor is unlimited. Business assets& personal assets of a sole proprietor are claims to sole proprietorship’s creditors.
- A sole proprietor has flexibility in managing and controlling the business.
- The biggest advantages of a sole proprietorship are having lower taxes.
Start your Business in 1 Day in India
- Free Consultation in Our OfficesRegistration under MSME
- GST Registration
A proprietorship is the best and easy form of business in which a single person can start, Only one person infuses the entire fund in the proprietorship firm, and he is solo entitled to the profits of the business. For a Proprietorship, there is no registration as such, and it can starts by proprietor/owner without obtaining any registration and certification.