A Sole proprietorship is one of the most common form of business in India which is owned, managed and controlled by a single person. Proprietorship firm is very quick to start and require minimal compliance which makes it easy to operate.
It is ideal for small traders, merchants and individuals who are just starting up. You can easily convert your proprietorship into any registered company.
How it Works?
Our expert professional consultant will call you to understand your requirements.
Payment link will be sent to your email along with all the details of required documents.
One of our experts will be assigned to collect all your documents and other details.
We will inform you as soon as the company is incorporated and will send the documents.
Advantages & benefits
Instant Registration
Register and start your business instantly with no complex formalities and documents.
Can be Converted
Once you have steady revenue, you can easy convert this into a pvt. ltd. company.
Easy to Manage
No mandatory annual compliance to follow, only file your GST returns and income returns.
Full Control
You have full control over your business with complete liabilities and entire profit.
The Proprietor must be an Indian citizen and a Resident of India. Non-Resident Indians and can only invest that too with prior approval of the Government of India.
They only have to file their annual tax return like income tax return along with the GST returns. However, no annual report or accounts need to be filed.
No, the Proprietorship firm and the Proprietor are one and the same. The PAN Card of the Proprietor will be the PAN Card of the Proprietorship business.Therefore, there will be no separate legal identity for the business.