Proprietorship Firm Registration In Haryana
A Sole
Proprietorship Registration is a business, which is owned,
directed and run by a single. Proprietorship is recognized by other
registrations such as services or sales tax registration. It is the most
familiar form of business in India, utilized by small-scale business operators.
This type of trading is very popular among the unorganized sector .It has
huge shortcomings, such as unlimited liability of proprietor.
DOCUMENTS REQUIRED FOR SOLE
PROPRIETORSHIP
- Color Photo of the Proprietor
- Firm Name with Registered Office.
- Personal Proprietor Pan Card & Aadhar Card Copy.
- Valid Email-id & Contact Number.
- Name of Products / Services in which Your Firm is dealing
- Saving Bank account statement/ First Page of Passbook/ cancelled cheque
of proprietor.
- If Business Property is own provide Electricity or Legal Ownership
Documents otherwise Provide Rent Agreement
PROCEDURE TO GET THE
PROPRIETORSHIP CERTIFICATE
- After the payment received from you, we will do the following procedure
- Document Preparation. (1- Day)
- Apply for proprietorship registration
- Sending you Proprietorship Firm Kit.
ADVANTAGES OF SOLE PROPRIETORSHIP
- Sole proprietorship Business are one of the simplest forms of
business in India.
- It is one of the easiest form of business entity to start with minimum
formalities
- The personal liability of sole proprietor is generally unlimited.
Business assets& personal assets of sole proprietor are claims to sole
proprietorship’s creditors.
- Sole proprietor has total flexibility in managing and controlling the
business.
- Biggest advantages of sole proprietorship is that it is having lower
taxes
Created & Posted by (Anuj)
CA-Article at TAXAJ
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