Sole Proprietorship Registration
What it means?
Its type of business entity managed & controlled by a single person/owner who is called the Sole Proprietor of the Firm. The registration of a proprietorship can only be recognized through tax registrations that the business is required to have as per the rules and regulations.
Service Price options:
Preliminary Documents Checklist
Electricity Bill, Municipal Tax Receipt, Rent Agreement or Lease Agreement
Cancelled Cheque Copy
AADHAR-Mobile KYC verification required
Compliances of Proprietorship firm
Bookkeeping & Accounting
Bookkeeping records are required to be prepare in order calculate the exact profit and loss of the business. However not mandatory, but beneficial.
Income Tax Returns
Income tax returns needs to filed every year over taxable income. This may also require preparing Profit & Loss with Balance sheet for business.
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Any Indian citizen can start a sole proprietorship firm.
Thanks to Government of India’s digital initiatives, all registrations are completely paperless and online. We provide all services online so that you don’t need to move an inch from your office or home.
Most local businesses are run as a Sole Proprietorship, from your grocery store to a fast food vendor, and even small traders and manufacturers. This is not to say that larger businesses do not operate as sole proprietors.
You can always choose to do so. The procedure is very simple. It is very common for sole proprietors to convert into partnerships and private limited companies at a later stage.
To ensure that we’re the right company for your services required even before you spend a single rupee, and to make working with us as easy as possible, we offer free quotes for your requirements. The form on the other side allows you to request a free quote from us for your specific requirements, no matter how big or small it is.