proprietorship-firm

proprietorship-firm

We provide end-to-end solutions for Proprietorship Firm registration, including assistance with business registration, tax compliance, and other legal formalities. Our team of experts will work closely with you to ensure that your business is set up correctly and runs smoothly. Get in touch with us today to start your Proprietorship Firm registration process.

Our Proprietorship Firm registration services include

Proprietorship firm registration is the process of legally establishing a sole proprietorship business in India. It is a simple and straightforward process that can be completed in a few steps. Our team of experts will assist you in every step of the registration process, including business name selection, PAN card application, bank account opening, registration, licenses and permits, and tax compliance. We strive to make the registration process hassle-free and provide our clients with the best possible service. Contact us to get started with your proprietorship firm registration.

  • Choose a Business Name

    The first step in the proprietorship firm registration process is to choose a unique business name. The business name should not be already registered and should not violate any trademarks or copyrights.

  •  Obtain PAN Card

    The proprietor must obtain a Permanent Account Number (PAN) card from the Income Tax Department. It is mandatory for all individuals who are conducting business in India to have a PAN card.

  • Open a Bank Account

    The proprietor must open a separate bank account in the name of the business. It is important to keep the business transactions separate from personal transactions.

  • Obtain Necessary Registrations

    Depending on the nature of the business, the proprietor may be required to obtain specific registrations such as Goods and Services Tax (GST) registration, Shop and Establishment Act registration, Professional Tax registration, etc.

  • Licenses and Permits

    Depending on the nature of the business, the proprietor may be required to obtain specific licenses and permits such as FSSAI License, Trade License, etc.

  • File Tax Returns

    The proprietor is required to file a personal income tax return. Additionally, if the business turnover exceeds a certain limit, GST returns may need to be filed.

Who can Apply for Proprietorship Firm Registration?

Any individual who is a resident of India and wants to start a business on his or her own can apply for proprietorship firm registration. There are no specific eligibility criteria or requirements to register a proprietorship firm in India. However, it is important to note that the proprietor is solely responsible for all the liabilities and debts of the business. The proprietorship firm does not have a separate legal entity, and the proprietor’s personal assets can be used to settle the firm’s debts or liabilities.

Benefits/ Features of Proprietorship Firm:

  • Easy to Start

  • Complete Control

  • Simple Taxation

  • Low Compliance

  • Low Cost

Requirements for Proprietorship Firm Formation:

  • PAN Card

  • Bank Account

  • Business Registration

  • Licenses and Permits

  • Business Name

GET IN TOUCH

Get in touch with us today to explore how we can help you with Registrations, Company Formations, Intellectual Property Rights, and Placement Services. Our team of experts is dedicated to providing you with the best solutions to help your business grow and succeed

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