How to Register a Proprietorship Firm?

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74.7 هزار بار بازدید - 11 سال پیش - How to setup your business
How to setup your business as a Proprietorship? What is Proprietorship Registration?

A #proprietorship is a business that is owned and managed by a single person. You could have one up and running within 15 days, which makes it very popular among the unorganised sector, particularly #smalltraders and merchants. There is no such thing as registration; proprietorships are recognised by other registrations, such as a #GST registration. As you would imagine with a business that’s so easy to set up, though, its shortcomings are severe: the liability of the proprietor is unlimited and it does not have a continuous existence.

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What is proprietorship registration?

you would be glad to know that there is no such thing called as a proprietorship registration. To register your proprietorship all you need is some government registration in the name of your proprietorship.

For supplying goods:

So let's say the name of your proprietorship is Shruti foods. In that case, all you need is to take some government registration in the name of Shruti foods, ok. If you're selling food items then the sales tax would apply to your business in that case you would need sales tax registration. so all sales tax restoration in the name of Shruti foods is enough to consider your proprietorship is registered.

For the Service sector:

Now if you are in the services business like training or consultancy or a legal service or some other professional service, in that case, a service tax registration would do.
Service tax registration in your case would be considered proprietorship registration. Now let's say you just have a shop you're taking a shop on then even a shop and establishment registration would be enough to register your proprietorship. I hope you got the point. The point is there is no such thing called as a proprietorship registration. All you need is some government registration in the name of the proprietorship. That's it.
11 سال پیش در تاریخ 1392/07/19 منتشر شده است.
74,752 بـار بازدید شده
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