PROPRIETORSHIP FIRM REGISTRATION PROCESS
Application for GST Registration
Start your Sole Proprietorship Firm Business
Starting from Rs. 999/- only (All inlusive)
Proprietorship firms are business entity that are owned, managed and controlled by one person. It simply refers to a person who owns the business and is personally responsible for its debts. A sole proprietorship can operate under the name of its owner. Proprietorship firm is a popular business form due to its simplicity, ease of setup and less compliance cost.
It is easy to establish and register the sole proprietorship business. The cost of register a proprietorship firm is also very less as compare to other business structure. The owner can run any legal business in his own name or with a different legal name as a brand.
Proprietorship firm is not separate legal entity for income tax purpose. The slab rate is applicable on the business income of the proprietorship firm. Also the benefit of deductions is an added advantage to proprietorship firm.
The Sole proprietorship firm is very easy to close as there is no legal distinction between proprietor and proprietorship firm, no such regulatory framework for dissolution of proprietorship firm.
Single person is the owner of own decision. Proprietor himself manage the business of the firm, he has no impact of any other partner or person in the business.
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