Proprietorship Registration

Proprietorship is one of the easiest forms of business. It carries multiple advantages and is the perfect option to commence a business with single ownership. For the people who wish to be the independent owners of a business, proprietorship is the right choice. Also, the proprietorship firm registration is a few step processes which are free from hassle.

What is a Proprietorship Firm Registration?

The Sole proprietorship firm is administrated and controlled by an individual. This type of company preferred due to its inexpensive setup, less regulative, and a hassle-free registration process. There is no different law controlling the process; thus, the organizations and the individuals are believed to be the single party. There is no compulsion to register for a sole proprietorship, for it is suggested to whom, who wants to have a bank account for their business, and can register with proprietorship.

Proprietorship Company Registration

Although proprietorship does not need you to follow much legal compliance, you can obtain some to enjoy more advantages. The proprietorship company registration can also be done with the help of experts at Valcus in India without hassle.

As an owner of a proprietorship company, you can apply for the following in India:

• Registration under the Shop and Establishment Act
• Registration under GST (Goods and Service Tax)
• Trademark Registration
• Registration under the MSMED (Micro, Small and Medium Enterprises Development) Act
• Licenses or Certificates necessary for different businesses such as –
• Regional Transport Office (RTO) permit
• Food Safety and Standards Authority of India – FSSAI license registration
• Mandi license
• Drug license & Labor license
• Certificate issued by the Institute of Chartered Accountants of India

Why Sole Proprietorship Firm Registration Needed?

There is no classification between the individual regulating and handling its act and the sole proprietorship and are similar as the changing character and has identical according to the legal compliance. Nonetheless, there might be some event where it is needed to have a different picture for an individual’s separate income and revenue of the firm. To make the business operation smooth, hence it is required to control the accounts; one should have a different account for the firm.

The sole proprietorship registration is crucial as a part of the legal compliance. It is also known to offer many advantages to the business owner.

The proprietorship firm registration can give you access to the below advantages:

• Easy to commence the business
• Easiest business type
• Solo ownership
• Quick decision making
• Simple and easy proprietorship firm registration process
• Minimum documentation
• Minimum tax liability
• Low investment and easy to run
• No profit sharing
• No any specific audit need

The Documents for Sole Proprietorship Firm Registration

Documentation plays a vital role and is necessary to abide by the legal compliances applicable in a country. For the worry-free business operation in India, you need to arrange the mandatory documents that are demanded for proprietorship registration in India.

The following documents are required for sole proprietorship firm registration:

• PAN Card of the Proprietor – PAN card is a mandatory document for a sole proprietor as it can help you file Income Tax Returns. As per the recent law, it is necessary to link your PAN with a valid Aadhar. Thus, PAN Card of the Proprietor is a necessity to file Income tax returns.
• Address proof of the Business – for the address proof of your business place, you can submit a copy of the Electricity bill, Water bill, etc. in case you are the owner of the place of business. If you are not the business place owner, you are allowed to submit a Rent Agreement along with a Non-Objection Certificate (NOC).
• Aadhar Card of the Proprietor – It is an essential document across the country. It is a valid Identity proof in India also useful as Address proof.

The process of Proprietor Registration through Valcus

Valcus is a responsible business service provider and it understands entire legal compliances and documentations required for Proprietor Registration.

Here is our process of Proprietor Registration:

• After getting your requirement through email or phone, our representative will assist you.
• You simply need to fill the application form related to Proprietor Registration
• If you will require any assistance in filling Proprietor Registration form then our experts will guide you
• After filling the form, we will ask you to submit the documents along with the form and processing fees. You can personally visit our office or our executive come to your place to collect documents and application form
• After receiving application form and documents, we will process them to the respective government department.
• Once we get registration approval of your application then we will send you original certificate via courier or other significant medium.

What benefits customer gets from Valcus?

• We give different company registration services to our clients at minimal fees
• We also provide assistance in filling GST return
• We are giving support and services in Registration of PF
• If you also need ESI Registration then you can get benefit from us
• We help customer to file their annual ITR and claim TDS
• You can also get different taxation service and legal services from us

Why choose Valcus Pvt Ltd. for Sole Proprietorship Registration?

Several company registration firms are working in the market, but all you need to choose the reliable one. Valcus gives you many good reasons to choose for business registration service in India.

You can have a look at a few detailed advantages below:

• Valcus Pvt. Ltd. is synonyms for qualitative, trustworthiness, authenticity, and expertise.
• We have an ample number of tax consultants, legal advisors, and chartered accountants who help in all types of company registration and CA services.
• We have PAN India level services for our customers.
• Our team of expert is experienced and helpful to complete your work in an excellent manner.
• We are providing round the clock services to our valuable clients.
• Complete support for the clients looking for business registration service.

Contact us anytime or visit us for more information about our host of services offered at a highly competitive charge.