Proprietorship

Main objectives of Proprietorship

Proprietorship Firm is the best form of business for an individual who wants to make a small business entity with own idea and concept. The proprietor is liable for any type of risk like profit & loss and he will be responsible for all business creditors. Only a single owner handling all decisions and operation in this form or he/she will appoint someone for work but last decision is the owner’s decision in a proprietorship firm.

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The Advantages of Proprietorship Firm

Proprietorship content for a website refers to the information and messaging crafted to represent a business that operates as a sole proprietorship. A sole proprietorship is a type of business structure where an individual is the sole owner and operator of the business.

Easy to Start:- A Proprietorship Firm you can easily star within few hours. Proprietorship firm is not registering anywhere in the low for opening a current account of the proprietary firm need registration which is also legalised your business form. MSME Registration will help to a proprietor for the small loan.
Need to select a name:- For registration of a Proprietorship Firm first, you need to decide a name for your firm. If you want to see your organisation in a good level hence you need to finalise a unique name for your business form. We recommend you at the time of firm registration also take the trademark for your firm name which will save delicacy in the market after registration.
Annual compliances:- There is no audit required same like LLP and partnership firm. Just you need to file Income tax in the department within a financial year of business. There is also no any provisions for audit and tax audit.

Process of Proprietorship Firm Registration

TAN number allotted

Owner’s Pan card is the Pan card of the firm also on proprietor Pan card behalf fist we will apply for Tan number of his/her Proprietorship Firm.

Applying for Licenses

For running a business you need few licenses required as per nature of the business

TRademark

For saving the name of the firm under Intellectual property right need to file trademark which will save the duplicate of the brand name in the market after stating the proprietorship firm

PAN and TAN allotted

Application for PAN & TAN is the final step of partnership firm registration which applied under NSDL. Both are the documents which we require for filing transaction in the department and opening current account of the firm.

Get in Touch

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