Online Sole Proprietorship Registration in India
Are you a single person willing to start a business at a very small level?
Are you in job or service sector just trying to enter in the business world all alone?
No need to worry.
Sole proprietorship would be a perfect choice for you.
We can search for the availability of your Trademark name for free!
All you need to do is send us the desired names and we will do the job for you.
The checking database of your name includes:
• MCA database
• Trademark Registry Database
• Domain Database
This result can help you choose wisely among all your options.
Signup with us & upload the information & documents.
Make your payment online.
We will Prepare your documents & DSC and file for company incorporation.
Your work is done and you can get your documents in your My Account Dashboard. and mailed to you as well.
Scanned Copy of Any One Of Below
Voter id
Aadhar Card
Passport
Driving Licencse
Scanned Copy of Any One Of Below
Promoters Bank account statement /passbook copy
Telephone bill copy
Electricity bill copy
Water bill copy
Passport Size Photos of all Promoters
Rent Agreement
Electricity Bill Copy
No Objection Certificate from Owner of Property.
Proprietorship needs least registration. Therefore, it's one in every of the simplest style of business entity, to begin with, nominal formalities. However, after beginning an ownership, it's comparatively harder to open a checking account or get a payment entrance within the name of the business - since additional registrations like VAT or Service Tax or GST Registration is also needed.
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Sole Proprietorships are solely recognized via their government and tax registrations; therefore the extent of their compliance is prescribed to the annual filing of their service, professional or sales taxes.
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A Sole ownership is inexpensive as compared to a one Person Company (OPC) and, because of the nominal compliance necessities, is inexpensive even over the semi-permanent. You’d not have to be compelled to rent associate degree auditor, as an example. This is often why, despite its severe disadvantage (unlimited liability), little merchants and traders prefer it.
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A proprietorship is that the sole variety of business entity that may be registered and operated by one person. To register a single person company, a candidate Director is needed and for all different sorts of entities like company or LLP or partnership firm, two or a lot of promoters are needed
.Any Indian citizen with an accounting within the name of their business can begin a sole ownership. Registration could or might not be needed, reckoning on what business you're attending to establish. However, to open a bank account, generally need a business registration.
You can continually opt to do so. The procedure could be very little to not tedious at all, however, depends on the scope and potential. It’s quite common for sole proprietors to convert into partnerships and personal restricted corporations at a later stage.
A business that lawfully has no separate existence from its owner. Financial gain and losses area unit taxed on the individual's income official document.
No, Audited financial statements are not compulsory in the proprietorship firm. However, a tax audit would be required depending on the turnover of the firm.
No. Proprietorship firm is a single person owned, managed and controlled company in which, shares can’t be issued. Nor can investors put in their money in the proprietorship firm.
Many small businesses pay lakhs in penalty every year to the Government for late filing various statutory returns. Such penalty or late fee paid is not tax deductible and is a drain on profitability. At IndiaFilings, our mission is to provide the most affordable services to our customers and help them avoid all late fee.To achieve our mission - we have built enterprise grade technology to help you proactively know the upcoming compliance and avoid penalty.Checkout our compliance services below, talk to an Advisor and stop paying unwanted late fees.
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