Proprietorship FirmREGISTRATION

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Proprietorship Firm Registration

What is Proprietorship Firm Registration?

Sole proprietorship is among the most considerable businesses in India because it is not governed by any e specific rule and regulation. The compliances are very easy to fulfill and minimum as well. This is the business which is carried by one person. All the decision-making and management of the business will be done by the same person who is heading towards developing it.

But right now, when a person wishes to expand their business so lonely, it is important to get the proprietorship firm registration done.

When you come to us, don't worry because we will help you to get it done seamlessly.

Proprietorship firm registration process in India:

In order to start your business with such an entity, you need to go through the process of Proprietorship firm registration incorporation. Once you are successful with the process, you will get to enjoy the perks of a proprietorship firm registration that includes the following:

Step 1: Registration as SME:

A company needs to register itself as a small and medium enterprise under the MSME Act. The procedure is online, and a user needs to upload all the documents on the online portal. The government comes up with different teams for all the small and medium enterprises' businesses, including the loans along with a reasonable interest rate.

Step 2: Shop and establishment act license:

A shop and establishment act license is required when a user wishes to get the firm working according to the local laws. The municipal corporation is behind the issue in it, and it also depends on the number of employees’ right there in your firm.

Step 3: GST registration:

Move ahead and look out for GST registration for stock GST registration is important in the annual turnover is more than 40 lakh. Also, if you are doing online business, the GST number is required. For the GST registration, PAN Card, photos, and the Aadhar Card of the proprietor are required along with the address proof of the business. Attach the bank statement copy verifying the details, and GST registration will be done seamlessly within 3 to 4 days.

Benefits

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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Why Choose us

1. STARTUP’S FIRST CHOICE

2. TECHNOLOGY DRIVEN PLATFORM

3. BEST PRICING

4. 100% ONLINE SERVICE

5. EXPERT PROFESSIONALS

Requirements

Minimum two directors
Minimum two shareholders
At least one director should be from India
Maximum 200 shareholders

Documents Required

PAN CARD

Need Pan Card of all Shareholders and Directors, Foreign Directors must be required a valid Passport with validated or apostilled

PHOTOGRAPH

Updated Passport size photos of all Participators / Shareholders and Directors.

IDENTITY PROOF

Need identity proof: - Aadhar Card/ Voter ID/Passport/ Driving License of all Shareholders and Directors.

ADDRESS PROOF

Updated Electricity Bill/ Telephone Bill / Bank Account Statement of all Shareholders & Directors.

FOR REGISTERED OFFICE

Rent agreement

Valid Rent agreement, Utility bills:- telephone bill, electricity bill, and municipal (It should be last 2 Months) NOC From Owner.

NOC From Owner.

Post Company Registration Requirements?

Once the Company registration is completed, you have to take the necessary steps in order to make a strong presence in the industry.

Mandatory Compliances

GST Registration

Trademark/Patent Registration

Get a free consultation for Private Limited Company registration by scheduling an appointment with Legal Time.

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