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Register your Proprietorship business with the help of our Nsight. We Nsight leading eminent service providers through Online / Offline registration of your business anywhere in India in one Call / Mail / Message.
Book Schedule NowThe Sole proprietorship is owned, managed and controlled by an individual. Proprietor is the only person who has control over the responsibility for running the business, arrangement of capital and management of the business.
No deed or agreement is required to register your business. Proprietor of the firm is entitled to bear all the profits and losses of the business. Liability of the Proprietor is unlimited.
Sole proprietorship is the most popular form of business organisation due to the ease of formation. This helps to increase young entrepreneurs for the development of their business and startup ideas.
The formalities are less and inexpensive in setting up sole proprietorship firms. The Sole Proprietorship does not appoint any specialist for various functions.
The power of Decision making will be in the hands of the proprietor. Since the business is managed by one person, the management becomes simple and easy.
The legal compliances under proprietorship is much lower than other form of business registrations.
Aadhar / Voter ID / Driving licence / Passport
The Address proof of the members along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement.
The photos of the respective Directors , shareholders and designated authorities should submit for the clarification and proof of the concerned person.
The PAN card of the respective Directors, shareholders and designated authorities of the company.
Digital signature is the electronic signature format of the Directors / signatory authority for the purpose of e-filing the Register of Companies.
No objection certificate by the owner / landlord must be enclosed.
As the name suggests, only one person is required to start the sole proprietorship business.
There is no minimum capital requirement in sole proprietorship business.
The liability of the proprietor is unlimited is one of the major disadvantages of a proprietorship concern.
No , registration is mandatory to sue to third party.
No, registration is not compulsory but registration provide you legal rights.
If you have any further queries, get our experts’ opinion. For free consultation Contact our Nsight to resolve all your queries.
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