We provide Sole Proprietorship registration in Patna Bihar, Proprietorship firm registration in Patna & Proprietorship registration in Patna Bihar. Proprietorship is good for small traders and merchants. Proprietorship Registration is one of the most common form of business registration for small business entities. We will give you all information about proprietorship registration in this article in brief.
Proprietorship means business owned, organized, and controlled by single person. Proprietorship registration is one of the most common type of business registration, used by small business operators in the unorganized sectors. All micro and small business operators registered their business as 1personal liability. Proprietorship registration is very easy to start and minimum compliances required for operating business. In proprietorship business no any benefit is available like, limited liability, separate legal entity, corporate status, independent existence etc. Proprietorship is suitable and good for startup phase or limited period of existence of business. Proprietorship established through registration under GST also. Registration of proprietorship would be in the name of the proprietor. In Bihar you can registered your proprietorship under Bihar shop & establishment Act or in MSME act. All shops and small traders or merchants have to get registration in any of the form of sole proprietorship registration. In proprietorship registration no issues are arises in the name of business.
Advantage of Proprietorship Registration:
- Easy to start and maintain.
- Less compliance.
- Cheap registration costs.
- Audit not required.
- Tax benefit like basic exemption is allowed to proprietor.
- Single owner.
- Any name easily available.
- Easy to close the business.
Documents required for Proprietorship Registration:
- Copy of pan card of the proprietor.
- Copy of aadhar card /voter ID card of proprietor.
- Photo of proprietor.
- Electricity bill of office premises.
- Rent agreement (In case of rented property)
Process of Proprietorship Registration:
- Documents preparation.
- Online / offline filing for proprietorship registration.
- Fee payment.
- Certificate issued by department.
Sole proprietorship is type of business registration like Trade license, MSME registration, Form 3 under shop act registration etc. It is good for start new business. You no need to visit our office. Send us all your documents with sign. We will do your work. You can pay our fee online.