1) Overview of Proprietorship Firm Registration
a) Proprietorship firm registration is a Single person firm registration. It is also called as sole proprietorship firm registration. b) Most of the people can choose proprietorship firm in India because it is the easiest way to start the business as compare as other company registration. c) A Proprietorship firm have any name but it does not have already registered trademark name.
2) Proprietorship Firm Registration types
a) Register under MSME/Udyam
b) Register under GST
c) Register under FSSAI
d) Register under Shop and Establishment Act License
e) Register under Trade License
3) Advantages of Proprietorship firm
a) Proprietorship firm can handle only single person who operates and manages the whole business, so 100% of the profits belong to the proprietor. b) It will take very less time to register as compared to other company registration. c) The income tax rate for sole proprietorship firm is the same as that of the income tax rate of individuals. Price: 500.00 INR
Keywords:
business, company, company registration, startup, startups, entrepreneur
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