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SOLE PROPRIETORSHIP REGISTRATION
Initiate your business with minimal liabilities and compliance requirements. Obtain your Sole Proprietorship Firm Registration online within 10 business days.
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SOLE PROPRIETORSHIP REGISTRATION
GET YOUR SOLE PROPRIETORSHIP COMPANY REGISTRATION AT JUST RS. 1890/-
Micro and small enterprises in the unorganized sector often opt to register themselves as sole proprietorship firms in India. A sole proprietorship is a type of business entity that is owned, managed, and operated by a single individual, with no legal distinction between the owner and the business itself. Establishing a sole proprietorship is straightforward as there are minimal regulatory requirements for its operation. This form of registration is suitable for entrepreneurs starting a new business with a modest client base. Sole proprietorships have limited liability and indefinite existence.
The sole proprietor solely invests in the business and assumes full responsibility for all its profits and losses. They have complete control over the management and administration of the business and can choose to hire assistance while retaining sole ownership.
Once registered as a sole proprietorship firm, you can initiate various local businesses such as grocery stores, salons, boutiques, retail stores, and more. Sole proprietorships are accessible to small traders and producers, as they are not subject to any specific regulations. In India, operating as a sole proprietorship is the simplest form of business, characterized by low costs and minimal compliance requirements.
DOCUMENTS REQUIRED FOR SOLE PROPRIETORSHIP FIRM REGISTRATION ONLINE
The following general documents are necessary for the majority of the types of registrations that are advised for sole proprietorship firms. For some sorts of registrations, there may be some exceptions. Owners should visit the official website of the government organization issuing the registration to ensure that they have all of the relevant paperwork.
The following documents are required to register a sole proprietorship firm online:
- Aadhar Card:The number on your Aadhar card is required for official registration. This is necessary to link the business with the other details associated with the Aadhar card.
- PAN (Permanent Account Number) card:To file Income Tax Returns, a PAN card is required at the time of proprietorship registration. As a result, obtaining a GST registration number is also required (if applicable).
- Bank account number:The bank account associated with office transactions must be given. If the applicant does not have a separate corporate bank account, this can also be his or her personal account.
- Registered office proof:Any registration requires certified office proof.
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