Saturday, 12 August 2017

How to Get Sole Proprietorship Firm Registration?

                                          

Apply at photonjournal@yahoo.com for Sole Proprietorship Firm Registration. It costs INR 50, 000


Sole Proprietorship Registration

If you want to start a new online or offline business, sole proprietorship firm is the best option for you. its a very simple business formation for small entrepreneurs who want to test their ideas or start with small capital with low cost of formation. Sole proprietorship is considered to be an extension of the Proprietor. Therefore, the existence of a sole proprietorship business can be established only through opening a bank account in the name of the proprietorship firm or obtaining licenses required for conducting the business.  To open a bank account for a sole proprietorship, RBI’s KYC norms mandate that any two of the following document must be submitted to the Bank:
  • Certificate/license issued by the Municipal authorities under Shop & Establishment Act,
  • Sales and income tax returns
  • CST/VAT certificate
  • Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities
  • License issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities,
  • Registration/licensing document issued in the name of the proprietary concern by the Central Government or State Government Authority/ Department, etc.
  • Banks may also accept IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT as an identity document for opening of the bank account etc.
  • The complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm’s income is reflected, duly authenticated/ acknowledged by the Income Tax Authorities.
  • Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.


Key words of Proprietorship Firm
  • 1 Person Required as Single Entrepreneur.
  • Single Owner of the Business.
  • Easy to Start and Easy to Close.
  • Complete Control.
  • Lower Cost of Formation and Compliance.
Since, any two of the above documents are required to open a bank account in the name of the Proprietorship, Proprietors typically first obtain any of the above license / registration / certificate first to establish the existence of the proprietorship firm.
For any query please contact at photonjournal@yahoo.com



FAQ


How to Get Sole Proprietorship Firm Registration in Bihar 
How to Get Sole Proprietorship Firm Registration in Chhattisgarh 
How to Get Sole Proprietorship Firm Registration in Goa 
How to Get Sole Proprietorship Firm Registration in Gujarat 
How to Get Sole Proprietorship Firm Registration in Haryana 
How to Get Sole Proprietorship Firm Registration in Himachal Pradesh 
How to Get Sole Proprietorship Firm Registration in Jammu and Kashmir 
How to Get Sole Proprietorship Firm Registration in Jharkhand 
How to Get Sole Proprietorship Firm Registration in Karnataka 
How to Get Sole Proprietorship Firm Registration in Kerala 
How to Get Sole Proprietorship Firm Registration in Madhya Pradesh 
How to Get Sole Proprietorship Firm Registration in Maharashtra 
How to Get Sole Proprietorship Firm Registration in Manipur 
How to Get Sole Proprietorship Firm Registration in Meghalaya 
How to Get Sole Proprietorship Firm Registration in Mizoram 
How to Get Sole Proprietorship Firm Registration in Nagaland 
How to Get Sole Proprietorship Firm Registration in Odisha 
How to Get Sole Proprietorship Firm Registration in Punjab 
How to Get Sole Proprietorship Firm Registration in Rajasthan 
How to Get Sole Proprietorship Firm Registration in Sikkim 
How to Get Sole Proprietorship Firm Registration in Tamil Nadu 
How to Get Sole Proprietorship Firm Registration in Telangana 
How to Get Sole Proprietorship Firm Registration in Tripura 
How to Get Sole Proprietorship Firm Registration in Uttar Pradesh 
How to Get Sole Proprietorship Firm Registration inUttarakhand 
How to Get Sole Proprietorship Firm Registration in West Bengal

No comments:

Post a Comment