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COMMON REGISTRATIONS COVERED:

  • Professional Tax Registration.
  • GST Registration.
  • Shop and Establishment Registration.
  • Udhyog Adhar Registration

Quick Enquiry or Call :
9650082009, 7065005006

Get Quote Instantly in a Minute

Basic

Basic

StartupGali India

Rs.2500/-
Rs.1499/-

Buy Now

GST Registration Certificate and GST Number (its sufficient for start proprietorship firm)

Standard

Standard

StartupGali India

Rs.3500/-
Rs.2499/-

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GST Registration Certificate and GST Number + MSME Certificate 

Premium

Premium

StartupGali India

Rs.13000/-
Rs.10800/-

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Fssai Registration (For Food Business) + Trademark Registration

About

ABOUT: PROPRIETORSHIP FIRM

 

  • When a single person operates a business, such a business is called a proprietary business
  • the owner of the business is called the proprietor of the business.
  • Proprietorship is the most common form of business used in India.
  • You can start and operate your business with minimum regulatory compliance.
  • However, there is no fully fledged way for the Indian Government to register your business.
  • Tax registration and other business registration is the right way to demonstrate the existence of your proprietary business.
  • After registration, you can use it to show the existence of your business owner

 

Document Required

DOCUMENTS REQUIRED FOR PROPRIETORSHIP FIRM

  • Copy of PAN Card OF Proprietor.
  • Address Proof OF Proprietor
  • Address proof of Proposed Office Premises (Latest Electricity or Telephone Bills or Municipal Taxes)
  • If address is rented then, Rent Agreement along with the address proof of the owner.
  • Copy of Bank Statement of the proprietor.

INFORMATION REQUIRED FOR PROPRIETORSHIP FIRM

  • Name and address of the firm.
  • Detailed Business Activities.
  • Number of Employees/proposed employees.
  • Details of all the Employees with Designations.

What You Get

·       

WHAT IS INCLUDED IN OUR PROPRIETORSHIP FIRM REGISTRATION PACKAGE?

Basic

  1. GST Registration Certificate and GST Number (its sufficient for start proprietorship firm)

Package 2 : Standard

  1. GST Registartion Certificate
  2. MSME (udhyog Adhar)  Registration Certificate

Package 3 : Premium

  1. GST Registartion Certificate
  2. MSME Registartion Certificate
  3. 1 year Fssai Basic Registration
  4. Trademark Registration

Advantage

ADVANTAGES OF SOLE PROPRIETORSHIP REGISTRATION

  • Easy To Start and Close Business: one week from now, you can start your business saving time and money.
  • Single ownership: single ownership means less complications, while decision-making is limited to one person.
  • No Restriction For Business Name: you do not need to register or reserve a name for the purpose of the business, you can start the business directly on any name of your choice.
  • Easy Closing: Closing is a very simple procedure with minimum formalities.

DISADVANTAGES OF SOLE PROPRIETORSHIP REGISTRATION

  • Lack of Resources.
  • Unlimited Liability.
  • Lack of Credibility.
  • Lack of Goodwill.
  • Cannot raise funds easily.
  • Cannot add Partners.

Time Duration

3-4 days after receipt of all the necessary Documents.

Faq's

What are the requirements to be a business owner?

Only one person is required to start a Proprietorship, and the Proprietorship have only one Proprietor.

 

What documents do you need to start a Proprietorship?

The PAN card for the Proprietor, along with proof of identity and address, is sufficient to start the Proprietorship and to obtain further registration, as applicable or required.

What is the capital required to start a business?

There is no limit to the minimum capital required to start the Proprietorship. Proprietorship can therefore begin with any amount of minimum capital.

 

How do I open a bank current account for proprietorship?

By providing relevant documents, such as proof of sole proprietorship, proprietary ID proof, proprietary Address proof, one may open a bank current account for a business.

 

Can I have business partners?

Ownership Firms are a business entity owned, managed and controlled by one person. As a result, Partners can not be inducted into a proprietary firm.

 

Can an NRI become a proprietor?

No. NRI cannot become a proprietor.

 

What businesses are commonly run as sole proprietorships?

Most local businesses are run as sole proprietorships, from your grocery store to a fast food vendor, and even small traders and producers. This is not to say that bigger companies do not operate as sole proprietors. Even some jewelry shops are sole owners, but this is not recommended.

 

Can I later convert my business into a company or LLP?

Yes, there are procedures for converting your proprietary business to a company or LLP at a later date. However, the procedures for converting a business into a company or LLP are cumbersome, costly and time-consuming. It is therefore wise for many entrepreneurs to consider starting an LLP or a Company instead of a Proprietorship.

 

What are the annual requirements for a proprietorships firm?

Proprietorships will have to submit its annual tax return to the Income Tax Department. Other tax filings, gst Returns/TDS Returns may be necessary from time to time on the basis of the business activity performed and registration taken. However, the annual report or accounts do not need to be filed with the Ministry or Corporate Affairs, as required by Limited Liability Partnerships and Companies.