Proprietorship Registration

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What is Proprietorship...?

When single person runs and own a business then such kind of business is called as proprietary business, and the owner of the business is called as proprietor. 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. 

Following Registration can use  to show exiting of Proprietary Business:

  • Shop & Establishment  Registration
  • Udyam Registration
  • GST Registration

 

Benefits of Proprietorship Business

 

Low Compliance Cost: There is no requirement for compliance as like Private Limited Company. sole proprietorship business not required such cost for start up of new business. 

Low Tax Burden: Proprietor can take advantage of Tax Slab No Need to Pay Tax @ 30% on 1st Rupee of Net taxable Income Like Private ltd Company.

Very Flexible: Flexible to do any Business in name of one firm. Easy to shutdown business with less compliance.  

Easy to Start:  Proprietorship does not require much investment of time to put the things in order. It can start with in Week. For startup of proprietorship no need to get the name approval from any authority likes ROC.

Control: As the sole owner of the business, you have complete control over all the operations, and you get to make all the decisions. You don’t have a Board of Director’s, shareholders, or other owners to answer to.

What is Proprietorship....?

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