Overview : Know All About Proprietorship Firm Registration ,Proprietorship Registration Process to obtain,benefits & Required documents Proprietorship Firm Registration in dwarka delhi mahavir enclave,many of clients are associated with us in delhi ncr and filling their gst return & income tax compliances

There Are Many Types Of Business And Proprietorship Firm Is One Popular Kind Proprietorship Is Owned Controlled And Managed By One Single Person Most Often This Sort Of Structure Becomes A Defacto Choice For Those Willing To Offer Services Or Do Merchandise As This Comes With Numerous Benefits and Suits Best For Businesses That Work On A Small And Medium scale, Groceries Are One Good Example Of A Proprietorship Firm, Low Cost In Setting Up And Minimal Compliances Are Few Lucrative Features That Attract Small Level Investors It Best Suits Those Who Target To Put Up Businesses That Are Mostly Small Or Unorganized,

There Is No Specific Government Registration Needed In Order To Start A Sole Proprietorship Business In India However You Can Apply For Msme Registration Shop & Establishment License & You Do Need To Open A Current Account With A Bank In The Name Of Business, If Turnover Is More Than The Threesold Limit Then You Can Apply For Gst Registration In Some Case U Have To Take Gst Registration Without Crossing Threesold Too Because Of Your Clients Because Of They Expected To Need Tax Invoice, To Start A Proprietorship Fees & All Compliances Are Also Nominal & Easier

Solo Show, In A Proprietorship You Are The Person Who Is Whole And Solely Responsible For The Business Running

Easy To Start And Close, Registration Is Quite Simple And Hence One may Find It Easy To Complete The Formalities.

Low Cost And Taxes, Income Tax Is Not Needed For Proprietorship Up To 3 Lakh Rupees Of Income One Of The Major Drawbacks Presents Here Is The Absence Of Tax Deduction That Are Usually Otherwise Available With Entities Such As LLP.

Minimal Compliance, These Sorts Of Firm Are Acknowledged Only Because They Are Registered With The Government And For The Taxes An Auditor Is Not Necessary And There Are Many More Features That Can Be Added To The List.

Business Name, Your Choice You Are Privileged To Choose Any Name For Your Firm Until And Unless You Don’t Touch The Registered Trademarks, This Also Means Anyone Is Free To Use Your Business Name Till The Time You Get A Trademark Registration,

Documents Required for Proprietorship Firm Registration

Name & Nature Of Firm

Pan Card

Adhar Card /Voter ID/Passport

Electricity Bill

Rent Agreement (In Case Of Rented)

Photo

Mobile No & Email ID