Sole Proprietorship firms are one of the most commonly seen business types in our country. With a registration process that defines the very meaning of the word simple, it is no big wonder that entrepreneurs are choosing to pick proprietorship as their choice of business type when they are starting solo.Sole Proprietorship Firm Registration
Sole Proprietorship Firm Registration is Single Person Firm Registration i.e is the main objective is Open Current Bank Account on the Name of Business so it's a simply firm which is enable doing business in India with Less Compliance and Less Costing. a Sole Proprietorship Firm require minimum 2 Legal Entity Proof for open a Current Bank Account.
These are some features that distinguish private companies from other types of companies:
The documents required from the director and shareholders are:
Documents required of the proposed registered address are as follows:
Proprietorship registration process can be completed in around 15-20 working days after all document received completely from customer side; as follows:-
A proprietorship can be started with any amount of minimum capital.
Yes, only one person is required to start a Proprietorship and a Proprietorship can have only one promoter.
The PAN card of the Proprietorship as well as the Proprietor is the same. Hence, the firm will not have a separate legal identity. The assets and liabilities for the proprietor and the proprietorship is the same.
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