Sole Proprietorship

An unincorporated business that has just one owner who pays personal income tax on profits earned from the business. The easiest type of business to establish. The debts of the sole proprietorship are also the debts of the owner. Registration of proprietorship business is mandatory to sue third party. Registrations like; GST Shop and Establishment MSMEContact Us Now

Benefits

You’re The Boss
You Keep All The Profits
Start-Up Costs Are Low
You Have Maximum Privacy

Establishing And Operating Your Business Is Simple
It’s Easy to Change Your Legal Structure Later If Circumstances Change
You Can Easily Wind up Your Business

Documents You’ll Need

1. ID Proof

Aadhar / Voter ID / Driving licence / Passport

2. Address Proof

The address proof of the member and nominee along with the proof of registered place of business (ownership documents/rent or lease agreement) or any bill in relation to electricity/landlord bill/bank statement.

3. Photos

The photos of the respective partners must be submitted for identification and verification purposes.

4. PAN Card

The PAN card of the respective partners and designated authorities of the LLP is required.

5. DSC

Digital Signature Certificate (DSC) is required for e-filing the incorporation of the LLP.

6. NOC (Owner/Landlord)

A No Objection Certificate from the property owner/landlord must be enclosed.

7. Passport

Passport is mandatory for any Non-Resident Indian (NRI) or foreign national partners.

8. Mobile Number and Email ID

Contact information of the member and nominee.

9. Bank Statement

Bank Statement copies of member and nominee and of the company.

10. Utility Bill

Electricity bill not older than 2 months of the registered address of the company.