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WWW.LEGALRAASTA.COMSOLE PROPRIETORSHIPGUIDE- INDIAHi, In this
video the Legalraasta team will teach our all about the Sole
Proprietorship in India its definition and advantages.
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MEANING OF SOLE PROPRIETORSHIPWhat is a Sole ProprietorshipA
Sole proprietorship is a business which is owned, managed and
controlled by Single person. It is one of the most common forms of
business in India, utilized by small businesses operating in the
unorganized sectors. Proprietorships are very easy to start and
have minimum regulatory compliance requirement for getting
started.Proprietorships are recognized by other registrations, such
as a service or sales tax registration etc. As Proprietorships are
easy to setup it leads to many shortcomings, like liability of
proprietor is unlimited and it does not have continuous existence.
For these reasons it is considered by small merchants and
Traders.Now, what is the meaning of Sole Proprietorship.A Sole
proprietorship is a business which is owned, managed and controlled
by Single person. It is one of the most common forms of business in
India, utilized by small businesses operating in the unorganized
sectors. Proprietorships are very easy to start and have minimum
regulatory compliance requirement for getting
started.Proprietorships are recognized by other registrations, such
as a service or sales tax registration etc.
ADVANTAGES OF SOLE PROPRIETORSHIPAdvantages
Sole Proprietorship has multiple advantages.Easy to start-Sole
Proprietorship needs no registrations, Therefore it is very easy to
start with no formalities.Comparatively Inexpensive- A sole
Proprietorship is inexpensive as compared to One Person Company and
It has minimum compliance requirementAudit not required- A sole
proprietorship is not required to file audited statements with
ministry of corporate Affairs each year.Taxation- A proprietorship
with income of less than Rs 2Lacs per annum is not required to pay
income tax.
DOCUMENT REQUIRED
You will need the following documents to apply for the Sole
Proprietorship.Pan Card of individual, ID Proof, Residential Proof,
Passport Size Photograph.
Other Documents.Latest Electricity Bill/ Telephone Bill/ Gas
Bill for registered office address, Rental Agreement (if rented
property), Sale Deed/ Property Deed (for owned property), Other
Registration like Trade License, Shop Establishment License,
etc
Also the following documents need to be attested before the
submission.NOC - No Objection Certificate.
SOLE PROPRIETORSHIP PACKAGESInclusionsBasicStandardPremiumSales
tax, TAN, PANTrademarkDomain Name
7,19912,49913,999Package price (Rs.)You can either file the
documents at the Government office in your respective territory or
use Legalraasta services for applying Sole Proprietorship.
With LegalRaasta you can apply for Sole Proprietorship by
filling a simple online form available online at our website. The
package for Sole Proprietorship starts at rupees 7199.
About LegalRaasta and TeamAbout usWe are committed to helping
you grow your business and add value through our expertise. We aim
to deliver a hassle-free experience so that you can focus on your
core business.
Our mission is to offer affordable, quick and automated
professional services to clients. Through technology, we bring
numerous government/ legal forms at one place and have simplified
them to be fully understood by common man. Legalraasta.com is a one
destination for your legal matters relating to:Forming any type of
business entity (e.g., Pvt. Ltd Co, LLP etc)Filing individual and
company returnHelping on company compliances such as ROC filings
& minutesProtecting work through trademark & copyrightOur
teamLegalRaasta.com has been founded by a team of Chartered
Accountants and professional advisors. We currently have a network
of 100+ professionals including experienced Chartered Accountants,
Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers
and Bankers.Pulkit Jain, founder of Legalraasta, has over 5+years
experience in CA and Legal domain. He has worked with the top CA
firms in India and has served large corporate and MNCs
Legalraasta.com is Indias top destination for legal &
company matters . We can help you in Forming any type of business
entity (Example Private. Limited Company, LLP),filing individual
and company return, Helping companies for their compliances such as
ROC filings & minutes, protecting work through trademark &
copyright.
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Why Choose UsCost effectiveBusinesses are always under intense
time and cost pressures. With our great packages 40% savings are
ensured compared to typical CA/ LawyerExpertiseBy teaming up with
us , you will have an access to network of 100+ experts. You can
gain the peace of mind in knowing that your accounting tasks are
done properly by qualified, experienced and knowledgeable
professionals in the field.Easy Online ProcessYou dont have to deal
with the typical headaches involved with face to face meeting and
visiting government offices. Our process is 100% online. Fill out
simple forms and you are done!!Trusted We are a trustworthy partner
which has been serving startups & companies for past several
years. Our growth numbers stand as a testimony: 200+ clients100+
services30+ testimonials
Partner/ Affiliations
We are an e-filing intermediary and have been facilitating
filing of hundreds of e-returns. We are also registered with
e-mudhra for issue of Pan cards. There are multiple other
associations with CA & legal firms. Our site has been secured
by SSL to protect your personal & payment details
We are a trusted partner with multiple top level expertise and
affiliation, and yet cost effective.
Contact UsCorporate officeB-186, Lok Vihar, Pitampura, Delhi
110034 IndiaOur team always endevour to serve you best. Feel free
to reach out to us at:www.legalraasta.comMail:
[email protected], M: +919999379929
So log on now at legalraasta.com to get your registration in
Sole Proprietorship or mail us at [email protected]
