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
Create order on our Website
We'll collect all your documents and file them directly with the authority
You'll receive your completed Sole Proprietorship Company package by mail
Documents Required, Benefits & Taxes
Voter's ID/Passport/Driver's License
Latest Bank Statement/Telephone or Mobile Bill
Rental agreement or sale deed (in case of Shops & Establishment Act Registration).
Low tax liabilities
Easy to control as managed by single promoter
Freedom to choose any business name but not registered by a company
Easy to start with the minimal registration process
Easy to shut down the company with very less compliances
All business profits are personal income for a proprietor and pay self-employment tax on those profits.
Good to know information
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.
How to get proprietorship Firm Registration?
Connect With Corpseed
Connect with the team corpseed to discuss specific requirements for your business at IVR: +91 7558 640 644 or email@example.com. It takes 20-25 minutes to discuss requirement.
Once you discuss the requirement, we will align a dedicated Account managers are here to help understand your business and provide best solutions and assist you with the entire process.
Real Time Update
Use our platform to track progress of application and many more. Always know what is going on with your application, what is in progress, and what is done.
Once job is completed, you will receive documents directly to your email ID and at your doorstep along with 30 days payback guarantee incase not satisfied with the services.
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