Proprietorship Registration

Starts @ Rs. 2,500/-
 Rs.1,500/-*

Experienced Team

Cost Effective

Customer Satisfaction

No Hidden Fees / Charges.

*All price is exclusive of taxes and Govt Fees (if any).

Fill the Enquiry Form to Start Your Registration Process Right Now

    PROPRIETORSHIP

    A Sole Proprietorship is a business which is owned, managed and controlled by a single person. It is one of the most common form of business in India, utilized by small businesses operating in the unorganized sectors.

     

    Proprietorship is recognized by other registrations, such as a Goods and Service tax registration, MSME registration, etc. It has too many shortcomings, such as unlimited liability of proprietor, and it does not have continuous existence. For these reasons only, it is considered by small merchants and traders as a business structure.

     

    Sole Proprietorship Registration can be done through Palankarta.

    SOLE PROPRIETORSHIP

    Benefits of Proprietorship firm

    Following are the benefits of forming a Sole Proprietorship firm –

    • Easy to establish.
    • A Sole Proprietorship is Easy to maintain as compared to OPC.
    • Proprietorship enjoys the benefit of threshold of Income Tax Slab for paying Income Tax.
    • Less formalities.

    Services Offered by Us

    Following are the services provided by us at the time of registration.

    • MSME registration
    • PAN Card Registration
    • TAN registration
    • Guidance other Compliance's

    Procedure for Registration

    Fill Enquiry
    Form

    Associate will call
    and discuss in length.

    Make
    Payment

    Complete Documentation
    & Requirements

    Registration
    Complete

      Why Palankarta?

      Experienced Financial
      Professionals

      Deliver Service
      on Time

      Cost
      Effective

      Assured Customer
      Satisfaction

      No Hidden
      Fees / Charges.

      Frequently Asked Questions

      FAQ

      General Questions

      Am I personally liable for my business under a sole proprietorship?

      Yes. Unlike other incorporated business forms, you are personally liable for any of your sole proprietorship’s debts or legal judgments against your business. This means that in order to satisfy debts owed by your business, debt collectors can come after your personal assets, homes, cars, etc. For this reason, alone, you should be extremely cautious about setting up a sole proprietorship. Setindiabiz.com recommends One Person Company in place of proprietorship.common-question-bottom

      What are the Advantages in the Sole Proprietorship From Startup Point of View ?

      Sole Proprietorship Firm have following advantages :-

       Less Costing :-

      • If we talk about the service based firm then it’s can be easily start with less investment.
      • If we talk about the product based firm then its depend on the type of tax registration or license as VAT/CST or Shop Act Licenses.

       Less Compliance :-

      • You have to just file the income tax return as individual at the end of year nearby in July. You have to maintain basic invoices of income and expenses of the firm. 

      Less Income Tax :-

      • You have pay income tax to the government when your total real income is more than 2.5 lac INR per annual year. So its give you tax advantages on slab basis.
      What are Disadvantages in the Sole Proprietor Firm ?

      In the Sole Proprietorship Firm have following disadvantages :-

      Unlimited Liability: –

      In the firm you have unlimited business liability. For ex if you take the loan from bank on firm name or if you liable to pay any liability to creditors then bank or creditor can claim your personal assets also legally to repay the debt. In simple words your personal and firm liability and assets are same.

      Can’t include the partners:-

      Sole Proprietorship firm can’t include the partners in future. That time you have to convert the firm into partnership or company or llp and bear the costing from scratch.

      Can’t raise the funds :-

      It’s a Simple firm so you can’t raise the funds from Angel Investor or VC Firms like selling your equity or share to another person and raise the money from that person.

      Not a Legal Existence:-

      Firm have no proper legal existence because its register on tax registration. There is no proper registration with the government so you can’t deal with the big companies or approach to big Customer. Outside India there is no existence of the Sole Proprietorship Firm.