SOLE PROPRIETORSHIP REGISTRATION
SOLE PROPRIETORSHIP REGISTRATION
A sole proprietorship is a business that is owned and managed by a single person. It is one of the most commonly seen business types in our country and very popular amongst the new entrants, particularly small traders and merchants. With a business that’s so easy to set up, Sole Proprietorship enables doing business in India with less Compliance and less Costing. It is the oldest, simplest, and most common form of business entity. It is the business owned by a single individual. For tax and legal liability purpose, the owner and the business are one and the same. Proprietorship business is not taxed as separate entity. Sole Proprietorship enables doing business in India with less Compliance and less Costing. It is the oldest, simplest, and most common form of business entity. It is the business owned by a single individual. For tax and legal liability purpose, the owner and the business are one and the same. Proprietorship business is not taxed as separate entity.
BENEFITS OF PROPRIETORSHIP
BENEFITS OF PROPRIETORSHIP
- Greatest advantage of Sole Proprietorship form of business is its simplicity and low cost.
- Complete control of business decisions
- Simple and easy way of doing Business
- Least Compliance with Government and Tax Authorities
- 100% Profit belongs to same person i.e. Proprietor
- Easy to Begin
- Minimal Tax Burden.
- Profits not subject to a second level of taxation.
- The business can be dissolved as easily and informally as it was begun.
- Can be started through Single Person
- Low Cost to Form/Incorporate
DOCUMENTS CHECKLIST PROPRIETORSHIP REGISTRATION
DOCUMENTS CHECKLIST PROPRIETORSHIP REGISTRATION
- Permanent Account Number (PAN)
- Aadhar Card/ Other personal Address proof of Applicant Person i.e. Proprietor
- Passport size Photo
- Rent Agreement / Own property documents
- Electricity /Water bill of business place
- Cancelled Cheque/Bank Statement
FOR REGISTRATION & CONSULTATION
CONTACT @ 08696019471
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