Proprietorship Firm Registration in India at best Price - Filing Samadhan
A sole proprietorship is a type of unregistered business entity that is owned, managed and controlled by one person. sole proprietorship's are one of the most common forms of business in India, used by most businesses operating in the unorganized sectors. proprietorship are very easy to start and have very minimal regulatory compliance requirement for started and operating.
however, after the startup phase, proprietorship's do not offer the promoter a host of benefits such as limited liability proprietorship, corporate status, separate legal entity, independent existence, transferability, perpetual existence - which are desirable features for any business. therefore, proprietorship registration is suited only for unorganized, small businesses that will remain small and/or have a limited period of existence.
It should be noted that Sole Proprietorship is the easiest and quickest business form to kickstart your business if you have limited funds and resources. Besides, it is the most feasible form of business if you want to execute your business plan with least legal compliance and minimum operational outlay.
There is no mechanism provided by the government of india for the registration of a proprietorship. therefore, the existence of a proprietorship must be established through tax registrations and other business registrations that a business is required to have as per the rules and regulations. for instance, vat or service tax or gst registration can be obtained in the name of the proprietor to establish that the proprietor is operating a business as a sole proprietorship. thus, all the registrations for a proprietorship would be in the name of the proprietor, making the proprietor personally liable for all the liabilities of the proprietorship.
filing Samadhan is the market leader in online company registration services in India, offering a variety of company registration like private limited company registration, one person company registration, partnership firm registration, section 8 company registration , producer company registration and Indian subsidiary registration. the average time taken to complete a proprietorship registration is 3 - 5 working days, subject to government processing time and client document submission. get a free consultation for proprietorship firm registration in Delhi and business setup in India by scheduling an appointment with an filing Samadhan expert.
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