Sole Proprietorship

In Sole Proprietorship, proprietor has complete control and decision making power over the business. The rate of taxes will be applied to personal income, not corporate tax rate even not required to file a separate Business Tax Return.It is a totally owned, operated, managed and controlled by a single person. Starting a business as a sole proprietorship is much less complicated than starting a formal corporation, it is much cheaper.

Advantages

  • Ease of Formation
  • Better Control
  • Decision Making Power
  • Direct Accessibility to Consumers
  • No Separate Corporate Taxes
  • Retention of Business Secrets

Steps to come into existance

  • Choose Trade Name
  • Obtain PAN of Proprietor
  • Obtain TAN Number
  • Get GST Registration
  • Shop & Establishment License
  • Importer & Exporter Code
  • Opening Bank Account
  • Start business transactions

Steps to Follow

  • Fill the query form/Call us directly
  • Fix meeting for detailed discussion
  • Submit documents

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