Proprietorship Registration
Get an instant start to your small business without any complications or delays
Easy & Hassle Free Online Process
Dedicated Expert & Account Manager
Advisory Session From Experts
Incorporation / Registration Cost
Package Includes:
- 2 DSC (Digital Signature Certificates)
- 2DIN (Director identification number)
- MOA/AOA (Memorandum of Association/Articles of association)
- COI (Certificate of Incorporation)
- PAN (Permanent Account Number)
- TAN (Collection Account Number)
Why Choose Proprietorship Registration?
Advantages
A sole proprietor has complete control and decision-making power over the business. * Sale or transfer can take place at the discretion of the sole proprietor. * No corporate tax payments * Minimal legal costs to forming a sole proprietorship * Few formal business requirements * Sole proprietor manages the business * No need to file income tax return if total income is below 2,50,000/- * No need to pay tax if income upto 5,00,000/- after deduction
Disadvantages
* The sole proprietor of the business can be held personally liable for the debts and obligations of the business. Additionally, this risk extends to any liabilities incurred as a result of acts committed by employees of the proprietorship firm. * All responsibilities and business decisions fall on the shoulders of the sole proprietor. * Investors won't usually invest in sole proprietorships.
Documents Required For Proprietorship Registration
- PAN card of Applicant
- Address Proof of Applicant (Voter ID, Passport, Aadhaar Card, Driving License)
- Cancelled Cheque of Bank Account
Registered Office Address Proof Electricity Bill along with
• Rent Agreement plus NOC (if Rented)
• Ownership proof (if Owned) Photograph of Applicant
Photograph of Applicant
Process Involved
A growing number of people decide to register private limited firms for a variety of reasons. A private limited business has the following benefits: A Private Limited Company is a recognized legal body. The owner's finances are not connected to the company's finances. Limited business owners are shielded from personal liability.Step-1
Please provide us the required documents to initiate the process
Step-2
Proprietorships do not have a process of incorporation. Therefore, our Business Advisors will advice you on the way the identity of the Proprietorship business can be established through other Government registrations.
Step-3
The identity of a Proprietorship can be established through Goods & Service Tax Registration (if applicable) mentioning the business name. Goods & Service tax registration takes 6-7 days, subject to Government processing time.
Step-4
The identity of a Proprietorship can be established through IEC Registration (if applicable) mentioning the business name. IEC Registration takes 3 to 5 days, subject to Government processing time.
Step-5
We will help you in opening a Current Account in your choice of bank after the registration.
Step-6
Current Account in your choice of bank after the registration Completed.
