We offer Proprietorship Registration
Proprietorship Firm
- Easy Formation
- Lower Taxes
- Employement
- Easy to Close
- Complete Control
Proprietorship Registration
Proprietorship or sole
proprietorship or sole trader is an unincorporated form of
business organization which is owned, managed and controlled by one person. Due
to it is easy to operate and simple feature most of business such as trading,
professional consultants, contractors prefer to start with proprietorship form of
business. This is common and acceptable form of organization in India.
Key Features
- An Individual can start sole proprietorship business in his own name or any trade name which don’t require any registration. One can take trade mark of his trade
name for safety. - There is no registration mechanism available for the registration of proprietorship business, hence the existence of the business shall be done through Tax registration, Trade registration under municipality, bank statement etc.
- An individual can start more than one business as sole proprietorship with different name. However, all business under one PAN shall be consolidated for taxation purpose. Income Tax shall be payable on net taxable income at rate applicable to Individual.
- The closure of sole proprietorship don’t require much legal formalities.
- Sole proprietorship business has disadvantages like limited liabilities, separate legal entity, independent existence, perpetual entity etc.
- This form of organization is not helpful for startup businesses as defined under startup India.
Triode Financial helps you in choosing the best form of organization based on your requirement & business ideas. We can help you to start proprietorship business and provide proper guidance in term of legal, financial and taxation during the tenure of business
