You've jumped into the business world for yourself. You don't have excess paperwork to start a sole proprietorship. But there are some important things you need to know before starting your journey in entrepreneur’s world.
Is a sole proprietorship right for you to start?
If you're into business and haven't created a formal business structure, then probably you're already working as a sole proprietor– Next step is to understand various implications.
Steps to Apply for Sole Proprietorship
All business profits are personal income for a proprietor and pay self-employment tax on those profits.
If above conditions satisfy your requirement, then Sole proprietorship best suits your business needs. Now in order to run a proprietorship business, a little more preparation will definitely go a long way.
There are different registrations, licenses and permits to start your business. For example, to start your food business as a proprietorship, you might need to register with FSSAI or get FSSAI License.
To Prepare & file business taxes can be complicated. Our expert CA/CS will help you to prepare and file tax forms correctly with the minimal fee and on time.
As per industry standards, it’s up to 15 business days but being expert in the industry, we complete the process within 7-10 business days, unless some objection is raised by the authority.
There are multiple scenarios. For example, if you are running a departmental store and your annual turnover is greater than 5 Lakhs, then you need to register for GST.
In case of AC restaurant its mandatory to get GST registration
You can always choose to restructure your business at any point of time. Whenever you decide your business might be outgrowing its status as a sole proprietorship
whether you're looking to take on partners or investors, or you want the benefit of different tax options and liability protection
we have expert resources to help you find the business structure that's right for you.
Download free legal guide on how to successfully start and manage business in India & achieve 100% compliance.
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This blog is about registration policy for grant of registration/renewal of registration to various categories of trader of tobacco.
Startup has been defined as an entity that is incorporated or registered in India. Furthermore an entity will be considered as a Startup as per the following delineated below:
The recognition of a laboratory shall be for a period of three years. Recognition fees as notified from time to time is payable in advance. The recognition is renewable as per the provisions of this s
The Board hereby grants to the Licensee a non-exclusive license, authorization or permission to use within the Territory the Mark in respect of the Goods.
The Proprietor hereby grants to the Licensee a non-exclusive license to use the Mark on the packaging in which the licensed goods are packed in the Territory for commercial use in accordance with the
The Board hereby grants to the Licensee a non-exclusive license, authorization or permission to use within the Territory the Mark in respect of the Goods
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