Easily Register a Proprietorship

Proprietorship is an alias for the Proprietor to do business. Proprietorships are ideal for very small businesses in the unorganised sector.

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Proprietorship Registration


A sole proprietorship is a form of unregistered business entity that's owned, managed and controlled by one person. Sole proprietorship's are one of the very most common kinds of business in India, employed by most micro and small businesses operating in the unorganised sectors. Proprietorships are quite simple to begin and have very minimal regulatory compliance requirement for started and operating. However, following the startup phase, proprietorship's don't provide promoter a bunch of benefits such as for example limited liability proprietorship, corporate status, separate legal entity, independent existence, transferability, perpetual existence - which are desirable features for almost any business. Therefore, proprietorship registration is suited limited to unorganised, small businesses that may remain small and/or have a small amount of existence.

There's no mechanism given by the Government of India for the registration of a Proprietorship. Therefore, the existence of a proprietorship should be established through tax registrations and other business registrations that the business must have depending on the principles and regulations As an example, VAT or Service Tax or GST Registration may be obtained in the name of the Proprietor to ascertain that the Proprietor is operating a small business as a sole proprietorship. Thus, most of the registrations for a will be in the name of the Proprietor, making the Proprietor personally liable for all your liabilities of the Proprietorship.

JBB CORPORATE CONSULTANCY PVT LTD is the marketplace leader in company registration services in India, offering many different company registration like private limited company registration, anyone company registration, JBB CORPORATE CONSULTANCY PVT LTD Company Registration, Section 8 Company Registration , Producer Company Registration and Indian Subsidiary registration. The common time taken to perform a proprietorship registration is 3 - 5 working days, at the mercy of government processing time and client document submission. Get a totally free consultation for proprietorship registration and business setup in India by scheduling an appointment having an JBB CORPORATE CONSULTANCY PVT LTD Advisor.

Reasons to Register a Proprietorship Firm

Business Name

Considering that the name of a proprietorship isn't registered, a proprietorship can decide to own any name - provided that it generally does not infringe on a registered trademark. However, because the isn't registered every other person also can utilize the same business name unless trademark registration is obtained.

Single Promoter

Proprietorship is the sole form of business entity which can be registered and operated by one person. To join up a anyone company, a nominee Director is necessary and for all the forms of entities like company or LLP or partnership firm, two or more promoters are required.

Lower Taxes

Proprietorship with significantly less than Rs. 3 lakhs of income isn't required to cover any income tax, as proprietorship's are taxed as the average person|the patient owing the business. However, unlike an organization or LLP, a proprietorship cannot enjoy a number of the tax deductions, which may potentially raise the tax liability.

Easy to Close

The Proprietor and the proprietorship are one and the exact same for many legal purposes. Hence, there's no formality for winding up or closing a proprietorship. Typically, to close a proprietorship, only the tax registrations obtained in the name of the proprietor should be cancelled.

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Easy to Start

Proprietorship needs minimal registration. Therefore, it's one of many easiest kind of business entity in the first place minimal formalities. However, after establishing a Proprietorship, it's relatively harder to open a bank-account or obtain a payment gateway in the name of the business enterprise - since more registrations like VAT or Service Tax or GST Registration might be required.

Documents Required for Company Registration

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