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SOLE PROPREITOR/ PROPREITORSHIP

It is an easiest and quickest and easiest form to run of business under sole proprietor


ALL WE NEED:


Discuss plan with us

We will tell you according to your business requirement what kind of government registration you are required ( Like sales tax, service tax, custom duty, excise duty)

Submit your documents.

We will apply for your registration,


In a mean while our representative will get in touch with you.

It is business which run by a single person, and who run and mange business individually, normally we require 10 days to form your sole proprietorship concern, the only basic thing we require is your pan card and we decide according to your business plan.

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Advantages of a Proprietorship

LESS COMPLIANCE:

Sole proprietor is a simple form of running business there is no special compliance required unless you are registered in sales tax, service tax etc


QUICK START

Generally it does not require any documentís apart from general documents like pan card and address proof and if we require vat/ service tax registration then it take approximately 10 days to get registration


Inexpensive

It is less costly or it takes almost less nominal cost to form sole proprietorship, unless it require government registration




FAQ ON SOLE PROPREITOR:

1. Who can start a sole proprietorship?


Any Indian citizen can start a sole proprietor firm simply by having a pan card and one current account.


2. What documents are needed for opening a current account in the name of my sole proprietorship?


All you need one pan card and one current account, Opening a current account you need one government registration it can be service tax registration, vat registration, shop or factory act registration.


3. How long it take to form partnership?


A sole proprietorship business generally require 15 days to form an entity it includes any government registrations if any.


4.WHAT BUSINESS ARE GENRALLY RUN IN SOLE PROPREITOR?


Mostly small business is run in sole proprietorship, like retailer, traders, small manufactures, but for big business, Proprietorship is not concerned good option.


5. ASIDE FROM A CURRENT ACCOUNTANT, IS THERE NO NEED FOR ANY OTHER REGISTRATION?


This would depend on your business requirements and level of your business like vat, service tax, shop establishment etc.


6. CAN I COVERT SOLE PROPREITORSHIP IN TO COMPANY?


Yes you always have an option to convert your sole proprietorship in to company simply by contact us and we only require documents for converting in to company.