Proprietory Firm Registration

Overview

Sole Proprietorship is the most common form of the business which is used in India. You can start and operate the business with minimum regulatory compliance. Sole Proprietorship, as defined by the Govt. Of India, is a “One-man Organisation where a single individual owns, manages and controls the business.” There are no minimum capital investment requirements and the proprietor has full control and ownership stake. The tax benefits of sole proprietorship prevent double taxation of the firm. You will file returns and pay taxes only in your personal name. There are no separate income tax returns to be filed and no tax to be paid by the firm. You don’t have to go to an online registration portal and fill up a form or submit any documents. However, you do need to open a current account with a bank in the name of the business. The bank will ask you to submit at least two documents as proof of business location in the form of Government registrations such as Shop Act Licence or GST Registration. We can provides the best service for registration of proprietorship firm in Udaipur through caonnet –a online internet mode