Proprietorship Registration

 One Stop Solution For Proprietorship Registration.

 

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Proprietorship At ₹ 499

 

Proprietorship Registration

  • What is Proprietorship?

Sole Proprietorship is the oldest and simplest form of the organisation. In sole Proprietorship trader is an independent owner of a business. In this form of business Proprietor has all the rights and responsibilities of the business. He manages all affairs of the business, enjoy profits and bears losses on his own.

 

  • Advantages

  1. Single Ownership

There is only one owner in Proprietorship, he owns all assets of the business. A Sole Proprietorship is the best form of self-employment. He gets a source of income by starting his own business.

  1. Quick Decision

A sole trader is the owner and manager of proprietorship, so trader takes quick decision and get more benefits.

  1. Secrecy

For Proprietorship there is no need to disclose his books of accounts, so maximum secrecy can be maintained. In Proprietorship only one person manages all business so he may not share business secrets and plan with outsider.

  1. Minimum Cost

Formation Proprietorship is very simple and at reasonable cost. There is no compliance burden, which result into lower cost of operation.

 

  • Disadvantages

 

  1. Limited Capital

As sole trader is a single owner, therefore only person capital introduced in proprietorship, his capacity for raising capital is limited. So, trader may face financial difficulty for growth and expansion of the business.

  1. Unlimited Liability

The Liability of sole trader in proprietorship is unlimited. There is no difference between business assets and personal assets, if his business assets are insufficient to pay his business liabilities then liabilities need to be paid by selling his personal property, if required. 

  1. Suitable only for small business

In Proprietorship sole trader conduct his business on small scale. Business cannot be expanded beyond certain limit, so proprietorship is not suitable for large scale business.

  1. Perpetual Succession

Proprietorship is totally dependent on the existence of sole trader, after insolvency, death or instability of sole trader business of proprietorship comes to end.

 

  • Requirements for Limited Liability Partnership

 

  1. Passport size photographs of Proprietor
  2. Pan and Aadhar of Proprietor
  3. Latest address proof of Proprietor
  4. Proof of address for Registered office
  5. NOC signed by owner

Proprietorship Registration Package

The Services which are included in our package are as Follows
  • GST Registration
  • MSME Registration
  • CA Certification
  • TAN
Popular

FAQ

Most frequent questions and answers

Sole proprietorship is a business run and manage by a single person, any Person who wants to start a business with minimum or less investment can start sole proprietorship.

No, Sole Proprietorship Registration is not mandatory under any law.It is optional on

whether a person intends to register his sole proprietorship or not.

Yes, sole trader is personally liable for their sole proprietorship debts or legal Discernment against business. There is no difference between business assets and personal assets.

Yes, you can use any name for your proprietorship. You may use your name or same other business name unless the trademark registration is obtained.

No, you can’t start sole proprietorship with more than 1 person, a sole proprietorship can have only one owner.

Yes,a sole proprietorship firm will be converted to a private limited company, First, you will have to incorporate a new Private Limited company and then take over the business of the sole proprietorship trough MOA and transfer all assets and liabilities to the new private limited company.

This is the simplest form of business entity. In a sole proprietorship only one member owns and control all activities of the business, so he can handle all activities efficiently in small business.

To register a sole proprietorship, only few documents are required i.e., Sole trader all kyc documents and Registered office proof.

Unlike companies, Sole Proprietorships are not governed by any specific law, Proprietorship required to comply with very few compliances depend on registrationtaken by a particular sole proprietorship.

Sole proprietorship is best because it is very simple to start and there is no ROC or legal filings to start the business, no compliance burden, etc., In the case of time and money, proprietorship that can save both.

Documents Required

Identity

AAdhar Card, Passport, Driving Licence

PAN Card

Pan card (Applicant or Business )

Passport Size Photo

Passport size photo ( Applicant or Promoter )

Mobile

Mobile Number and Email id

Address proof of business

Electricity Bill, Rent aggrement

Copy Of Bank Account

First Page of the Bank Account

Why Choose Us

Affordable

We follow a you grow we grow policy.We help you to grow your business, by taking care of all your compliance, at an affordable price.

Fast services

All your queries will be resolved in 24-48 hours.

Professional help

Our professionals will give you the advice which fits best as per situation.

ComplyQueen

Our motto is to make your compliance experience happy. That’s what our name suggests, ComplyQueen. Be compliant, be Happy.


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