SOLE PROPRIETORSHIP

SOLE PROPRIETORSHIP AS IT NAME REFLECTS IT IS OWNED AND MANAGED BY A SINGLE OWNER. THE OWNER OF THE PERSON IS PERSONALLY LIABLE FOR ITS DEBTS, LOSSES ETC. IT IS GENERALLY SUITABLE FOR SMALL TYPES OF BUSINESS. IT IS NOT GOVERNED BY ANY ACT LIKE COMPANIES ACT, PARTNERSHIP ACT BUT A SOLE PROPRIETOR CAN TAKE REGISTRATION UNDER GST.

BENEFITS ASSOCIATED WITH THE SOLE PROPRIETORSHIP THAT ENCOURAGE YOU TO BEGIN YOUR BUSINESS
  1. LESS COMPLIANCE BURDEN AS COMPARE TO OTHER FORMS OF BUSINESS ENTITY.
  2. GENERALLY SUITABLE FOR SMALL TYPES OF BUSINESS.
  3. COST INVOLVED IN SOLE PROPRIETORSHIP IS LESS AS COMPARED TO OPC, PRIVATE LIMITED COMPANY BECAUSE THERE IS NO NEED TO APPOINT AUDITOR, MAINTAIN BOOKS. THEREFORE SMALL TRADERS PREFER THIS FORM OF BUSINESS ENTITY.
  4. NO INTERFERANCE IN DECISION MAKING AS IT IS OWNED, CONTROLLED OR MANAGED BY ONLY ONE INDIVIDUAL.

DOCUMENTS WHICH ARE REQUIRED TO REGISTER A SOLE PROPRIETORSHIP.

  1. COPY OF PAN CARD/PASSPORT (SELF ATTESTED).
  2. COPY OF AADHAR CARD/ VOTER ID/ DRIVING LICENSE (SELF ATTESTED).
  3. BANK STATEMENT/ TELEPHONE BILL/ ELECTRICITY BILL FOR ADDRESS PROOF.
  4. ONE PASSPORT SIZE PHOTOGRAPH.

SOLE PROPRITOR CAN TAKE FOLLOWING TYPES OF REGISTRATION:-

  1. LICENSE OR CERTIFICATE UNDER THE SHOP & ESTABLISHMENT ACT.
  2. IEC (IMPORT EXPORT CODE) CODE ISSUED BY THE OFFICE OF DGFT (DIRECTOR GENERAL OF FOREIGN TRADE).
  3. GST REGISTRATION.

WE WILL PROVIDE YOU THE SERVICES IN RESPECT OF SOLE PROPRIETORSHIP REGISTRATION. IT WILL TAKE AROUND 7-8 DAYS TO COMPLETE. THE WHOLE PROCESS IS ONLINE THERE IS NO NEED TO ARRANGE TIME TO VISIT PHYSICALLY.

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