An individual carrying out a business activity under his name is termed as a sole proprietorship firm. Since there is no specific act to regulate this type of entity it is advisable to get it registered under the Goods and Service Tax Act and Shop and establishments Act.
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After the discussion and submission of required documents, service will delivered. Time of delivery may differ based on the service.
Benefits that are yielded by choosing this service are numerous as mentioned below
Business under a sole proprietorship can be started with minimum costs, time and with less efforts, as there is no such specific registration is mandatory.
Unlike other registrations no statutory compliances are required except monthly/yearly filings that are applicable under Income Tax and GST provisions.
List of Documents that are required to proceed with this service package are
Address Proof copy of the Proprietor Aadhaar copy or Driving license copy or Passport copy or Bank statement.
Copy of rental agreement and no objection certificate from the owner of the property
PAN card copy
List of typical questions that you might ask regarding this particular service are
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