Sole proprietorship does not require any registration/incorporation this benefit makes it the easiest entity to form. Any person can select any entity name and start its business.
A sole proprietorship firm has very less/no compliances, related to ROC and Income tax. Hence the entity does not require to spend time and resources on various government requirements.
Unlike Private limited company shareholders, the owner of Sole proprietorship firm is taxed only once in a year. The sole proprietor pays only personal income tax on the profit earned by the firm.
The owner of the sole proprietor firm will complete control over all the operations and gets to make all the decisions. The are no board of directors or shareholders hence no approval is required.
Step 1: Name the Business
Step 2: Open a bank account in the name of the business
Step 3: Apply for required registrations and licenses. For Ex. GST Registration, Shops and Establishment Registration, MSME Registration, FSSAI Food License, Etc.
We make the process so easy and fast that you will not even feel the headache of all the paperwork, and our professionals will provide you all the promised deliverable within a given span of time.
All our professionals are qualified and specialized in that particular work. Making sure no mistakes are done at the time of filings with the authorities so that company won’t have to pay any penalties due to mistakes.
We support you throughout the journey of your business, from the incorporation, Accounting and taxation support, Secretarial compliance support, and Legal support.
We believe that cost plays a vital role in any company’s growth stage, that’s why we do not surprise our clients with hidden charges, you pay what you see in the initial proposal.