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One-Person Company Registration
Sole Proprietorship Registration
Proprietorship Company Registration in South India can be done in a few simple steps. But before diving into the process, you must know why choosing this option is good for your venture.
Who is a Sole Proprietor?
As the name suggests, a sole proprietor is the single most entity of a firm. All the decisions, actions and responsibilities are taken by this only person-in-charge. Though it will not be considered as a separate legal entity, any aspiring business men, entrepreneurs and people looking forward to commence a start- up can choose this as it only takes one person to be accountable.
Highlights of Sole Proprietorship Firm Registration
- An executive from SV Consultant will give you a clear idea on the whole process.
- This amazing venture can be begun with just you. Yes, all you need is you as the proprietor and we can get started. So, there is no hassle in delegation or conflicts in sharing responsibilities.
- The returns are solely the owner’s feast to enjoy. The profits are not shared with any member because the proprietor gets to decide what goes where.
- It is the easiest firm to start with minimum compliances. There is no need to hire an auditor.
- It costs very less principal to take up this venture. So it is highly economical.
- Just like the establishment, the closure is also simple and easy.
- Corporate taxes do not apply to Sole Proprietorship.
Essentials in Applying for a Sole Proprietorship Registration
GST Registration has become mandatory for any business that might raise 25 lakh per annum or over. So, it is important to apply for the GST Certification. It replaces the other tax registrations so the process is simple. With a PAN card, Identity proof and Address proof, this can be made easy.A Government license is vital in taking the procedure forward. An MSME certification, Income Tax Return and Shop Act license can be applied for and produced in order to get your Sole proprietorship company registration in South India forward. We recommend you to request a quick call back from our experts to guide you effectively in the process.
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