SOLE PROPRIETORSHIP


Sole proprietorship, also known as the individual entity or proprietorship, is a type of enterprise that is owned and run by only one person. The owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss, etc A sole proprietorship is the easiest type of business to establish or take apart, due to a lack of government regulation. As such, these types of businesses are very popular among sole owners of businesses, individual self-contractors, and consultants
A sole proprietor may use a trade name or business name other than their or its legal name in PAN card.
  • BENEFITS
  •    Name will be granter easily by doing Registration in GST, MSME or any other law governing by Statute.
  •    Whole income club with other income of individual and get benefit of Income Tax Slab on such income.
  •    Lesser Compliance Requirements.
  •    Fast & Easy Decision making.
  • DRAWBACKS
  •    Name can be used by any other firm unless it has trademark. Disadvantage.
  •    Unlimited Liability and Losses arises due to business.
  •    No Perpetual Succession.
  •    Not recommended after becoming Mid-size firm

RECOMMENDATION


Sole proprietorship is suitable for those who are in starting phase of business. Firm startup cost and compliance cost are very low for this entity. GST registration preferable over MSME if firm would work with Govt. Dept. Additional opinion please contact with our advisor at zero fee.

DOCUMENTATION FOR REGISTRATION


  •  Copy of PAN Card.
  •  Copy of Aadhar / Voter ID / Passport / Driving License / etc.
  •  One passport size photo.
  •  Copy of Electricity Bill for address of Business.
  •  Copy of Bank Passbook / Cancelled Cheque.
  •  Additional Details – Firm Name, Nature of Business, etc.

TIME LIMIT FOR REGISTRATION


Generally it takes 1 to 5 Days depend on type of registration.

PACKAGES


SILVER

All inclusive price


  •   Name Approval
  •   2 Digital Signature

₹ 1,499
₹ 3,000/-

GOLD

All inclusive price


  •   MSME Registration
  •   GST Registration
  •   TAN
  •   Consultancy

₹ 2,429
₹ 5,500/-

DIAMOND

All inclusive price


  •   MSME Registration
  •   GST Registration
  •   TAN
  •   Import-Export Code
  •   Consultancy

₹ 4,999
₹ 7,000/-
No worry! We can customize your package as per your preference. Call or mail us for more details.
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