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Preparation and filing of Application
Registration under MSME Department
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Registration of Proprietorship firm
3 Months Legal Documents Library Subscription
10% Discount on service charges on next order
6 Months Legal Documents Library Subscription
15% Discount on service charges on next order
100 Letterheads & Envelopes
100 Visiting Cards
1 year free TDS Returns
Main Advantages of Registering a Proprietorship Firm
Tax Benefits up to Profit of Rs. 2.5 lacs per annum by claiming Basic Tax Exemption as per the Income Tax Act
No new PAN applications and other relevant legal work and hence easier & faster to incorporate
Easy conversion to Corporate Forms such as One Person Company or Private Limited Companies and LLPs with addition of Directors / Partner
Frequently Asked Questions
To open the bank account in the name of Sole Proprietoship Firm, Reserve Bank of India mandates that the proprietor to provide two forms of registration for the Proprietorship along with the PAN Card, identity proof and address proof of the Proprietor.
The two forms of registration can be any two of the following: MSME registration, GST registration, Registration under Shop & Establishment Act, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms or the requirement of the respective Banks.
Alike every other entity, there are certain criteria laid down for mandatory registration under GST. Following are few general criteria for mandatory registration:
- An aggregate turnover exceeding Rs. 20 lakh in a financial year mandates registration for a dealer or service provider under this law. However, for dealers conducting business in north-eastern states of India, an aggregate turnover exceeding Rs. 10 lakh mandates a registration.
- Any online platform operator.
- Firm engaged in inter-state supply of Goods or Services.
For further information, please visit our page at http://www.legalwiz.in/gst-registration.
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A sole proprietorship is an unincorporated business owned by one person. If one wants to start a new business with small capital and with low risk involved, sole proprietorship is a good option to begin with. Later if the business grows it can be converted into a One Person Company or other business formations. LegalWiz.in has a team of qualified professionals, company secretaries and chartered accountants who are always at your service to handle all the matters relating to registration of sole proprietorship online putting you and your company at ease. We assure highest quality standard backed by 100% customer satisfaction and see to it that all the legal and administrative aspects of registration of your sole proprietorship online are taken care of. For registering your sole proprietorship online you need to follow few simple steps and provide certain information relating to your sole proprietorship firm and LegalWiz would get you sole proprietorship firm registered in no time. Subject matter experts are available on call or via email to answer your queries. We also provide a full spectrum of post registration services related to Shops & Establishments Registration, MSME, Service Tax Registration, Trademark, Copyright, Legal Drafting, Accounting & Bookkeeping, Import Export Code, VAT and CST Registration etc. We offer services through an online model and a network of trusted affiliates across all major cities in India including Mumbai, Delhi, Ahmedabad, Pune, Bangalore, Hyderabad, Vadodara, Kolkata, Chennai, Noida, Gurgaon, Surat, Rajkot and others.