Proprietorship

A sole proprietorship is an unregistered business entity that is owned, managed and controlled by a single person. A proprietorship is the easiest form of business. The entire capital is invested by one person and he alone is entitled to the profits of the business. Proprietorship registration is best suited for unorganised, small businesses that will remain small or have a limited period of existence. Proprietorships are easy to start and have very minimal regulatory compliance requirement. Howeverproprietorship's do not offer the proprietor a host of benefits such as limited liability, separate legal entity, independent existence, transferability, perpetual existence There is no such mechanism provided in Law for the registration of a Proprietorship. However, registration such as Goods and Services Tax (GST) and obtaining TAN number for complying with the TDS related provisions of the Income Tax Act is necessary.

Advice Brain helps you in proprietorship registration. We extend our full support in documentation, preparation, filing and subsequent Follow-up with departments and complete the entire process in is 3 - 5 Working days.