REGISTER A Sole Proprietorship
STARTING AT RS 1,999/-
TAKES 5-6 DAYS
CONTACT US
What Is A Sole Proprietorship?
A Sole proprietorship is a business which is owned, managed and controlled by a single person. It is ideal for small traders and merchants. The sole proprietorship is the simplest business form under which one can operate a business. Sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts. Sole proprietorship’s are one of the most common form of business in India and is mostly used by micro and small businessman operating in the unorganized sectors. Proprietorships are easy to start and have minimal regulatory compliance. However, a Sole Proprietorship firm does not offer the benefits like limited liability, perpetual succession, separate legal identity and easy transferability etc. which are offered by a Company or LLP.
There is no specific mechanism available for the existence of Sole Proprietorship Firm. Hence, one is required to get a tax registration or other registrations recognized by the government. Banks also require registration documents in the name of the Sole Proprietorship Firm to open a Current Bank Account.
BENEFITS OF A SOLE PROPRITORSHIP FIRM
EASY TO ESTABLISH AND OPERATE
A Sole Proprietorship can be established easily by obtaining a government registration. It takes 3-5 days to register a Sole Proprietorship. Since the owner is at the center of operations and looks after the affairs of the firm it is easier to operate and control the business
Compliance
Since a Sole Proprietorship Firm is not registered with the Ministry of Corporate Affairs like a Company or LLP the compliance burden is very less. Further the Sole Proprietor can reduce his taxation liability by availing various expenses and deductions. Hence, the compliance cost is very less in case of a Sole Proprietorship Firm.
Sole Beneficiary
Unlike a Company or LLP where there are multiple shareholders or partners to share the profit, a Sole Proprietor is the single owner of his business. The Sole Proprietor is the sole beneficiary of the hard earned profit.
Privacy
Since there is only a single owner to a Sole Proprietorship Firm there are no chances of outside intervention in the function of Business. Further unlike the documents of a Company or LLP the documents of a Sole Proprietorship Firm are not public documents and can be accessed only by the Government Departments.
DOCUMENTS REQUIRED
- Photograph of the Proprietor
- Self-Attested PAN of the Proprietor
- Self-Attested Aadhar of the Proprietor
- Cancelled Cheque of Saving Bank Account of the Sole Proprietor
- Address Proof depicting the registered office address- Utility Bill- Telephone or Electricity Bill
- Rent Agreement (In case of rented property)
- Cancelled Property Papers/ Sale Deed (In case of owned property)
How We Work
Consult Our Experts
Once you fill in the above details, our expert will call you to understand your requirements in a better way and to brief you about the entire registration process and suggest you the course of action. Upon confirmation of our engagement by you, we will dedicate you a relationship manager who will take care of all your needs.
Send Documents Via Email
We at The Consultant Guru, work towards minimizing the hassles of the client, keeping this moto in mind our executives will give you a single check list of documents needed so that we don’t bother you time and again for documents. In case you are short of a few documents, our consultants help you to provide us the maximum possible alternative documents.
Payments & Filings
We believe in the moto of “Pay as we work”. This requires you pay us step by step in 2 tranches instead of giving the whole sum in one shot. The Consultant Guru facilitate payments through secure online payment gateway. After successfully providing the set of documents and partial payment, our experts will start working and provide with regular updates. You will only be required to pay the final sum upon receiving the Certificate of Registration.
THE CONSULTANT GURU
The Consultant Guru is a web portal owned and managed by Amrit Pal Singh & Co.
Email: info@theconsultantguru.com
Phone: 8178985151, 8287569721