Register Your Sole Proprietorship In just Rs.999/- (Inclusive of govt. fees, No Hidden charges)
DOCUMENTS REQUIRED FOR INCORPORATING A SOLE PROPRIETORSHIP
Duly scanned copies of the following documents are required to be submitted to the assigned expert
Step Wise Breakdown of 1 days process
5 - 7hrs
Certificate of Registration
WHY TO OPT FOR REGISTERING A SOLE PROPRIETORSHIP
Sole Proprietorship is a recommended business type for all those who are just about to start off business, signally and primitive businesses.
FREQUENTLY ASKED QUESTIONS
How to decide a name for Sole Proprietorship?
There are certain points you need to keep in mind before deciding a suitable name, they are the proprietor may
- Choose a trade name, or
- Choose any Business name other than his legal name
- Choose any fictitious name.
There are no restrictions. However, the proprietor may get the name. Trademarked.
Why should we not opt for Sole Proprietorship?
Sole Proprietorship has certain disadvantages which makes it less lucrative for the businesses:
- Unlimited Personal Liability for any business loss or debt.
- No capital infusion from public
- No legal existence on the death of the proprietor.
What is the taxation structure for sole Proprietorship?
According to the Small Business Administration, the income of proprietorship is regarded as the direct income of the proprietor and is not subject to separate taxation. It is shown with the proprietor’s personal tax returns.
Also, it is the duty of the proprietor to pay off all dues of income tax and self-employment contributions.