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Proprietorship

The sole proprietorship is the simplest business form refers to a person who owns the business and is personally responsible for its debts. The sole proprietorship is not a legal entity. An individual proprietor owns and manages the business and is responsible for all transactions.The owner pays taxes on income from the business as part of personal income tax payments.
Although sole proprietor doesn’t require any specific registrations, he is advised to obtain a few registrations to make his business function smoothly.
•    Registering as MSME
•    Shop and Establishment Act License (mandatory at some states)
•    GST Registration

 

Proprietorship

Requirements

  • Proprietor PAN Card
  • Photograph of Proprietor
Read more

Deliverables

  • GST Certificate (Regular)
  • MSME Certificate
Read more
₹ 2500 Add to cart

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Proprietorship

RAGINI AGGARWAL  

3.88 (Review 8)

Requirements

  • Proprietor PAN Card
  • Photograph of Proprietor
Read more

Deliverables

  • GST Certificate (Regular)
  • MSME Certificate
Read more
Add to cart
 
₹2500

 

FAQ's on Proprietorship Firm Registration

Any Indian citizen with a current account in the name of their business can start a sole proprietorship.It is popular among the small traders and merchants.

Unlike corporations, Sole proprietorship is not treated separately by the tax authorities. This means that any profit derived from your sole proprietorship firm is treated as your personal income and is accounted for on your individual tax return.

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