SOLE PROPRIETORSHIP FIRM REGISTRATION
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PROPRIETORSHIP REGISTRATION
When single person runs a business then such kind of business is called as proprietary business, and the owner of the business is called as proprietor.
Sole Proprietorship is the most common form of business in India, which is used by most small scale businesses operating in the unorganised sectors. It helps them to start an business in a very nominal pricing.
Benefits
Documents Required
How to Register
Following are the steps to register a proprietorship company in india
Fill up a simple form on our website providing basic information about proprietor and business.
Provide relevant documents online and we will file them with relevant authorities.
We will get your proprietorship registered.
FAQ
The sole proprietorship firm is the simplest type of business under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts.
No, A proprietorship business is owned and controlled by a sole person. There is no requirement to engage any other person to start a proprietorship business.
The Proprietor must be an Indian citizen and a Resident of India.
You can register your proprietorship firm at just rupees 899 by mydreamconsultants. For today`s offer click here.
One does not need to be physically present. Send the documents online or through whatsapp to us and we will register a company for you.
Sole proprietorship as a business can not be transferred as whole instead one can transfer assets of the proprietorship from one person to another and negotiate on the liabilities of the proprietorship.
By providing relevant documents such as sole proprietorship proof,proprietor ID proof,proprietor Address proof,one can open current account in bank for a proprietorship.
No. NRI cannot become a proprietor.
Sole proprietorship companies are not considered as a separate legal entity from their owners and thus there is no separate act for them.
Special Packages for Proprietorship Firm Registration
aBITE PACK
- Basic propritorship registration
- Free accounting app
2BITE PACK
- Basic propritorship registration
- Free accounting app
- GST registration
zBITE PACK
- Basic propritorship registration
- Free accounting app
- GST registration
- First 3 months free GST return filing
Compare Forms of Business
| Features | Proprietorship Firm | Partnership Firm | LLP | Private Limited Company | OPC |
|---|---|---|---|---|---|
| Limited Liability |
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| Separate legal entity |
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| Number of members | 1 | 2 – 20 | 2 – unlimited | 2 – 200 | 1 |
| Number of Directors /DP | N/A | N/A | 2 – unlimited | 2 – 15 | 1 – 15 |
| Foreign Investment (FDI) |
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| Ownership Transfer-ability |
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| Perpetual Existence |
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| Tax Benefits | GOOD | LOW | LOW | EFFECTIVE | EFFECTIVE |
| Statutory Compliance | VERY LESS | MINIMUM | AVERAGE | HIGH | HIGH |
| Formation Cost | 899/- | 5899/- | 6499/- | 6999/- | 6599/- |
| Call us:- +91 8764369079 | Know More | Know More | Know More | Know More | Know More |
Video on Proprietorship Registration
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