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Find the right package for your sole proprietorship registration
₹ 1,999
₹ 4,999
₹ 9,999
| List Of Documents | Required |
| Proprietor KYC |
|
| Colour Photo - Two |
|
| Mobile no & Email Id |
|
| Cancelled Cheque |
|
List of Documents |
Required |
| Proprietor KYC |
|
| Colour Photo - Two |
|
| Mobile no & Email Id |
|
| Cancelled Cheque |
|
| Office Address Proof |
|
Select package & make payment
Enter required details & complete your registration
Receive Official Paperwork via Email /Post
We are happy to help you. Call us today for qualitative and cost effective services.
+91 98990 11565
It’s a simple single person firm. Remember it’s not a company, it’s a best way to start a business in India with the less costing and less compliance. its need only just one person for the legal registration. Tip :- if you are working with another company as a employee then you can register on your family member for testing your ideas, if your company does not allow for doing the business in India and on later stage convert on your name.
Sole Proprietorship Firm have following advantages :- a) Less Costing :- If we talk about the service based firm then it’s can be easily start with less then 5000 Rupees through service tax registration. if we talk about the product based firm then its depend on the type of tax registration or license as VAT/CST or Shop Act Licenses. b) Less Compliance :- You have to just file the income tax return as individual at the end of year nearby in July. You have to maintain basic invoices of income and expenses of the firm. c) Less Income Tax :- You have pay income tax to the government when your total real income is more than 2.5 lac INR per annual year. So its give you tax advantages on slab basis.
In the Sole Proprietorship Firm have following disadvantages :- a) Unlimited Liability: – In the firm you have unlimited business liability. For ex if you take the loan from bank on firm name or if you liable to pay any liability to creditors then bank or creditor can claim your personal assets also legally to repay the debt. In simple words your personal and firm liability and assets are same. Hint :- Vijay Malaya and KingFisher (Limited Liability because it’s a Company). b) Can’t include the partners:- Sole Proprietorship firm can’t include the partners in future. That time you have to convert the firm into partnership or company or llp and bear the costing from scratch. c) Can’t raise the funds :- It’s a Simple firm so you can’t raise the funds from Angel Investor or VC Firms like selling your equity or share to another person and raise the money from that person. d) Not a Legal Existence:- Firm have no proper legal existence because its register on tax registration. There is no proper registration with the government so you can’t deal with the big companies or approach to big Customer. Outside India there is no existence of the Sole Proprietorship Firm.
Sole Proprietorship have no any legal registration so ultimate objective is opening a current bank account but banks need always a legal proof to open a current bank account on your business name instead of your personal name, so you have to apply for minimum One Tax Registration Certificate
Just call us and speak with our registration expert. We will complete your requirement by phone or guide you step by step.
98990 11565
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