Proprietorship Registration

Sole Proprietorship is the First step to enter into the Business world with less Compliance burden.

It is a form of business entity in which an individual introduces his own capital, Skill, Intelligence in the management of affairs.

Proprietor is solely responsible for the results of its operations.

There is no such Concept to Register Proprietorship Firm but to start a Bank Account you required at least Two Documents to get legal recognition of your Sole Proprietorship Firm Name.

Existence of a proprietorship must be established through tax registrations and other business registrations that a business is required to have as per the rules and regulations.

If you want to register your Sole Proprietorship firm then VS IPR & LEGAL ADVISORS will help you in Registration and in all the Compliance after Registration.

Registration can be done as per the requirement

Goods and Service Tax (GST)

Shop & Establishments (GUMASTA LICENSE)

Trademark Registration (TM)

UdyogAadhar / Udyam Registration (MSME)

Professional Tax Registration Certification (PTRC)

International Organization for Standard (ISO)

Tax Deduction Account Number(TAN)

Registration Benefits of Proprietorship Firm

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Easy formation

A proprietorship firm can be started in a day as it is very minimal registration required

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∙No Restriction on name reservation

A sole Proprietorship firm can Start its Business with any name as there is no Law to govern, but the name should be unique to create an Identity in this business world.

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∙Less Tax Burden

A sole Proprietorship firm has less tax burden as compared to the Corporate entity,

But they cannot avail some tax Deduction which is taken by a corporate entity which ultimately increases their liability.

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∙Full Control

Since Proprietor is the Single owner of its Business so does not require any other person’s permission to make the decisions.

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∙Simple Dissolution

It can be closed without any prior approval, one may just need to surrender if any registration has been done.

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