Proprietorship
It should be noted that Sole Proprietorship is the easiESI and quickESI business form to kickstart your business if you have limited funds and resources. Besides, it is the most feasible form of business if you want to execute your business plan with least legal compliances and minimum operational outlay.
ABOUT SOLE PROPRIETORSHIP
Easy Incorporation
Sole Proprietorship is the easiESI form of business entity in the terms of procedure of ESIablishment.
Minimal Cost
The cost involved in the formation of a sole proprietary firm is very less as compared to other forms of business.
Lesser Compliances
As compared to other business forms, there are fewer legal compliances with respect to incorporation, operation and taxation.
Independent control
As Sole Proprietor is the single owner of his business, he surely has independent control over his operations.
Single Promoter
This is the only form of business entity that can be promoted by a single individual.
No corporate tax liability
As per the direct tax laws of India, the sole proprietary entities are not liable to pay flat corporate profit tax, unlike other business forms.
PROCESS OF FORMATION
1 Upload the required documents & information to our web portal.
2 Choose Package and Pay online with different payments modes available.
3 On placing the order, your application will be assigned to one of our dedicated professionals.
4 One of our professional will prepare the required form for the formation of the entity.
5 Obtain government registration certificate for your business entity.
6 Registration certificate shall be provided to you over the mail.