How to register sole proprietorship in India
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Transcript of How to register sole proprietorship in India
By aapkaconsultant.com
AN ISO 9001:2015 CERTIFIED COMPANY
WHAT IS A SOLE PROPRIETORSHIP
A Sole proprietorship is a business which is owned, managed and controlled by Single person. It is one of the most common forms of business in India, utilized by small businesses operating in the unorganized sectors. Proprietorships are very easy to start and have minimum regulatory compliance requirement for getting started.
Proprietorship’s are recognized by other registrations, such as a service or sales tax registration etc. As Proprietorship’s are easy to setup it leads to many shortcomings, like liability of proprietor is unlimited and it does not have continuous existence. For these reasons it is considered by small merchants and Traders.
ADVANTAGES OF SOLE PROPRIETORSHIP
Easy to Start •Sole Proprietorship needs no registrations, Therefore it is very easy to start with no formalities.
Comparatively Inexpensive
•A sole Proprietorship is inexpensive as compared to One Person Company and It has minimum compliance requirement
Audit not required
• A sole proprietorship is not required to file audited statements with ministry of corporate Affairs each year. However tax audit may be required if Turnover exceeds certain Prescribed limits.
Taxation • A proprietorship with income of less than Rs 2Lacs per annum is not required to pay income tax.
DOCUMENTS REQUIRED
Documents in respects of Designated Proprietor
• Pan Card Copy• ID Proof – Aadhaar
Card/ Voter's ID/ Passport/ Driving License
• Residential Proof - Latest Bank Statement/ Telephone or Mobile Bill/ Electricity or Gas Bill
• Passport Size Photograph
Other documents
• Latest Electricity Bill/ Telephone Bill/ Gas Bill for registered office address
• Rental Agreement (if rented property)
• Sale Deed/ Property Deed (for owned property)
• Other Registration like Trade License, Shop Establishment License, etc
Documents that will be sent by
us for your attestations
• NOC - No Objection Certificate
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Here we are striving to connect the cherished minds of the legal world with various Law Firms, Multi-nationalCompanies, Non-governmental Organizations, Advocates, Universities etc. across the globe. Our focus is on providing permanent, contract and temporary recruitment services to our candidates within the legal world.
About us
BUSINESS CONSULTANT
Private Limited Company
Limited Liability Company
One Person Company
Partnership Company
Sole Proprietorship
OUR SERVICESSTART YOUR
BUSINESS
Tax FillingsTax
Registration Tax Fillings
VAT-TIN Registration
Service Tax Registration
Professional Tax Registration
VAT-TIN Returns Filing
Service Tax Returns Filing
TDS Returns Filing
Income Tax Return
TRADEMARK & COPYRIGHT
TRADEMARK REGISTRATION
PATENT REGISTRATION
TRADEMARK RENEWAL
TRADEMARK OBJECTION
COPYRIGHT REGISTRATION
Legal Documentation
Website PolicyDisclaimer Policy
Legal NoticesCheque Bounce NoticeConsumer Dispute NoticeTenant Eviction NoticeOther Legal Notices Confidential AgreementsNon Disclosure AgreementNon Complete AgreementNon-Solicitation AgreementSurrogacy Agreement
Business Collaboration Agreements
Legal Opinion
Memorandum of Understanding (MOU)Franchise AgreementJoint Venture Agreement Property Related Matters
Service or Vendor Related Service Level AgreementMaster Service AgreementVendor Agreement
Sale DeedGift DeedRent AgreementWill
OtherRTI FilingAffidavitPower of AttorneyFounders AgreementLoan AgreementPre Nupital Agreement
REGISTRATIONS & COMPIANCES
Secretarial Compliances
PAN/TAN
Business LicensesISO & Digital Signature
Employment
Others
Accounts
ANNUAL COMPLIANCES FOR PRIVATE LIMITED COMPANY
Permanent Account Number (PAN) Registration Tax Deduction Account Number (TAN) RegistrationFood License (FSSAI)Import Export Code Registration
PF Registration & ReturnESI Registration
Shops & Establishment RegistrationSSI/MSME Registration
Maintain Your Account
DSC International Organization for Standardization
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