Proprietership
Proprietorship is recognised through one or more government registrations. Our representatives will advise you about the ones you will need, based on the business you're in.
The Sole Proprietorship Is A Popular Business Form Due To Its Simplicity, Ease Of Setup, And Nominal Cost But Is Not A Legal Entity
The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. A sole proprietor need only register his name and secure local licenses, and the sole proprietor is ready for business.
A distinct disadvantage, however, is that the owner of a sole proprietorship remains personally liable for all the business’s debts. So, if a sole proprietor business runs into financial trouble, creditors can bring lawsuits against the business owner.
There is no mechanism provided by the Government of India for the registration or incorporation of a Proprietorship. Therefore, the existence of a proprietorship is established only by tax registrations and other business registrations that a Proprietorship is required to have as per the rules and regulations.
Proprietorship is recognised through one or more government registrations. Our representatives will advise you about the ones you will need, based on the business you're in.
We will help you decide what registration you need, whether GST, MSME, Import/Export code, Shops and Establishments registration.
Once you've decided what you want, we'll ask you for the documents we need to get started. In most cases, you would first need to provide address and identity proof as well as a scanned copy of a passport-sized photograph.
After registration is complete you start process for opening bank account.
At Allindiataxfiling.com we ensure complete transparency at every step of the business incorporation process.We specialise in excellent customer service. When you call, email with our offices, you will receive personal attention from a knowledgeable specialist happy to help you .Our team of business startup specialists are here to keep you updated on the latest incorporation, tax and financial strategies and to help you manage important business details.
Allindiataxfiling.com provides fast and end-to-end Business Incorporation
and associated services. We also provide Accounting, Taxation and Legal
Services. We guarantee hassle-free service delivery in the shortest
possible time without compromising on quality.
Our team of experienced professionals assists entrepreneurs in selecting
the best business structure suiting individual requirements, and to
convert their dream business into appropriate corporate entities.
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