Sole Proprietorship firm:
A “sole proprietorship”, also known as the “sole trader” or “proprietorship”, is a type of enterprise that is owned, controlled and run by one natural person and in which there is no legal distinction between the owner and the business entity.
Documents required from Sole Proprietor
- ● Copy of Election ID Card
- ● Copy of PAN Card or Passport.
- ● Copy of latest bank statement
- ● Copy of telephone or electricity bill.
- ● Passport-sized photograph of all partners
- ● Copy of Notarized Rental Agreement/ registered lease deed
- ● NOC from owner/landlord (if any).
Merit of Sole Proprietorship Firm
- ● Easy to Establish
- ● Easier to Operate
- ● Sole Beneficiary of Profits
- ● Compliance & Taxation
- ● Privacy
Demerit of Sole Proprietorship Firm
- ● Unlimited Liability
- ● Difficulty in Obtaining working capital
- ● Difficulty in Obtaining Funds
- ● Lac of sources to expand firm model
Our services for establish your proposed Sole Proprietorship Firm
- ● GST Registration
- ● VAT & CST Registration
- ● ESIC & PF Registration
- ● SSI Registration.
- ● Provident Fund Registration.
- ● Import-Export Code Registration.
- ● Shops & EstablishmentsRegistration.
- ● Dedicated CA/CPA/CS/Lawyers
- ● Trademark search for business and registration
