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START MY PROPRIETORSHIP FIRM- IN JUST RS. 1999

What is Proprietorship Firm

It is an unincorporated business owned and run by one individual with no distinction between the business and the owner. The Person who run Proprietorship business called proprietor. Proprietor is entitled to all profits and are responsible for all your business’s debts, losses and liabilities. Sole proprietors are personally liable for all debts of a sole proprietorship business.

A sole proprietorship is a form of business organization that is owned by one person. The owner is referred to as a sole proprietor. In accounting, the balance sheet of the sole proprietorship reflects the accounting equation: Assets = Liabilities + Owner’s Equity.

ADVANTAGES

  • Establishment of proprietorship firm is instant, easy and inexpensive.
  • Sole proprietorships carry little, if any, ongoing formalities.
  • A sole proprietor need not pay unemployment tax on himself or herself (although he or she must pay unemployment tax on employees).
  • Owners may freely mix business or personal assets.
  • A Proprietor is very useful for Direct customer Interaction

DOCUMENTS REQUIRED

We will require following documents

  • Copy of PAN card of Proprietor
  • Copy of Address proof ( Voter Id / Passport / Driving License) Proprietor
  • Passport size photo of Proprietor
  • Latest Electricity Bill/ telephone bill or Rent agreement with NOC of Owner of Business Premises
  • Latest Bank Statement of Proprietor

WHAT WILL BE PROVIDED

iconPAN Card

iconTAN/SERVICE TAX REGISTRATION

PROCESS

  • Properitorship Registration will take a time of 7-10 days.
  • Require all the information and name along with complete details of Proprietor
  • Obtaining PAN & TAN

FILE YOUR INCOME TAX RETURN - Start from Rs 499 *