What is Proprietorship Firm Registration?
A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business. The owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss etc.
The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor’s. It is a “sole” proprietorship in contrast with partnerships (which have at least two owners).
A sole proprietor may use a trade name or business name other than his, her or its legal name. They will have to legally trademark their business name, the process being different depending upon country of residence.
There are two ways to register a Proprietorship Firm
For the purpose of registering a Proprietorship Firm, there must be only 1 Proprietor.
Want Help? Call Us at +91 9599 186 079
Documents Required for Proprietorship firm Registration
- Passport size photographs of Proprietor
- Pan of Proprietor
- Voter Id/Adhaar/DL/Passport of Proprietor
- Electricity bill of registered office of the company.
- Rent Agreement or NOC of Registered Office
Proprietorship firm Registration Process
| 1 Working Day | You need to send us above mentioned documents. |
| 2 Working Days | On Reciept of above mentioned documents, we will apply for your proprietorship firm registration. |
| 2 Working Days | your proprietorship firm will be registered with in 2 working days. |