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Sole Proprietorship is the simple and best and simplest form to start with a business, and it is controlled by the single owner or sole owner. These businesses are controlled by the sole owners i.e. who owns business and is personally liable for its debts.
However sole proprietorship is not suitable for medium or large scale businesses due to certain disadvantages like unlimited liability, no separate legal entity, non-transferability and limited life of the business.
The Government of India has not specified any mechanism for registering as Sole proprietorship, so Sole Proprietorship can be recognized through tax registration, or by getting Trademark of the Company registered.
Sole Proprietorship Registration
Registration Process
Brief description of how to get your Sole Proprietorship company registered
FAQ
Common List Of Questioner That Our Customer Ask From Us -Solved !
What Are Document Required For Sole ProprietorShip In India?
- Copy of PAN Card
-Identity Proof (Voter Card, Passport, Aadhar, Driving License)
-Address Proof ( Aadhar Card, Electricity Bill, Mobile Bill, Gas bill, Telephone Bill)
-1 Passport Size Photo
-Identity Proof (Voter Card, Passport, Aadhar, Driving License)
-Address Proof ( Aadhar Card, Electricity Bill, Mobile Bill, Gas bill, Telephone Bill)
-1 Passport Size Photo
Can i start a Sole Proprietorship Firm?
You can start your sole proprietorship firm if you are an Indian Citizen or having current account on your name.
What are the tax provisions for Sole Proprietorship Firm?
Tax provisions for Sole Proprietorship is same as Tax Provisions of an individual as Sole proprietor is considered as one under Indian Tax Laws.
For what type of business Sole Proprietorship business is most suitable?
Sole Proprietorship business is most suitable for unorganised firms or businesses. As these businesses involves nominal cost and and easy and simple to form.
What are the Advantages of Sole Proprietorship Firm?
Sole Proprietorship is the easy and less expensive business to start, the Sole Proprietorship can enjoy its Sole control over the business or Company.
Can I convert my Sole Proprietorship Company into Private Limited Company?
Yes, you can convert your sole proprietorship company into Private Limited Company by following the specific procedures.
