Sole Proprietorship firm Registration

An Ideal business structure for all “Small and Medium sized Enterprises” which are going for Partnership

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    Proprietorship firm Registration?

    Before you can commence a business, in many parts of the world, it may be necessary to register it. A well-known form of this procedure is called “proprietorship registration”. Plenty of countries have laws about who and what a proprietor can do with their company in their respective domains. Proprietorship is recognized by other registrations, such as a service or sales tax registration. It has too many shortcomings, such as unlimited liability of proprietor, and it does not have continuous existence. For these reasons it is considered by small merchants and traders as a business structure. Sole Proprietorship Registration is done through Leciel Consulting. What is Proprietorship firm Registration ? How does it work? What are the pros and cons that come with this type of registration? Let’s discover the specifics behind proprietorship registration in more depth! A Sole proprietorship is a business which is owned, managed and controlled by a single person. A proprietorship with income of less than Rs. 2 Lakhs per annum is not required to pay income tax. Easy to establish with less formalities No partner will be responsible for any kind of misconduct by the other partner. Cheaper to incorporate than a “Private limited company”.

    Packages Included | Proprietorship firm Registration

    MSME registration
    TAN/TDS registration
    Guidance & trademark registration

    Why Proprietorship Registration?

      • Easy to Start
      • Minimal Compliances
      • Audit not required

    Procedure for Company Registration

    Complete our Simple Form Online

    After submitting your documents we will provide you with DSC and DPIN

    Verification of Documents

    After submitting your documents we will provide you with DSC and DPIN

    Submission of Document

    Details provided by you will be verified and then we shall apply for name approval.

    Your work is completed

    You need to fill our simple company registration form and submit documents for the formation of a company.

    Documents Required for Proprietorship Registration

      • PAN Card copy of proprietor
      • Electricity/ Water bill (Business Place)
      • Copy of Aadhaar Card/Voter identity card

    Frequently Asked Questions

    Who can be a Proprietor?
    The Proprietor must be an Indian citizen and a Resident of India.
    Will Proprietorship Firm have Certificate of Incorporation?
    Proprietorship firm Registration do not have a Certificate of Incorporation.
    How much money do I need to invest upfront in starting the business?
    There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
    How to open a Bank account for a Proprietorship firm?
    To open a bank account for a Proprietorship firm Registration, Reserve Bank of India mandates that the proprietor must provide two forms of registration for the Proprietorship firm along with the PAN Card, identity proof and address proof of the Proprietor. The two forms of registration can be any two of the following: service tax registration, MSME registration, VAT/TIN/CST registration, Shop & Establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.

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