Sole Proprietorship Registration in Jaipur

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It is beneficial to get the support of a professional firm that can ensure flawless delivery without much hassle. That's what Paravue Advisors is all about. We are a professional firm with an expertise team of professionals at your service.

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Registration process to apply for a Sole Proprietorship

Complete the questionnaire provided by our team.

Step 1

Give us all the documents according to your business category.

Step 2

We will apply for your preferred registration, in furtherance.

Step 3

Once your proprietor business is registered we will issue you with a registration certificate

Step 4

Introduction of Sole Proprietorship Registration

Sole Proprietorship, also referred to as individual entrepreneurship or sole trader is a type of business owned and operated by a single person. Many Indian businesses start on their own without the involvement of others. The person who does the business activities is the sole owner and his entity is called Proprietorship Firm. The individual and business identity are no different from each other. But because of the low tax rate, flexibility and many benefits people choose this type of entity at the beginning of the business.

A sole proprietorship is a simple business form where one can run a business. It simply refers to the person who owns the business and is personally responsible for its debt. There is no specific provision imposed by the government for the registration of a Proprietorship.

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Advantages of Sole Proprietorship Firm Registration

Easy for a sole owner

Sole Proprietorship Business does not require any special registration under any law. It depends on the type of business for the business owner. Therefore, anyone can easily start their business of their choice. Any trade name may be used if it does not conflict with any product name. The name does not require approval from the registry.

Information not made public

Financial reports of Sole Proprietorships are in private hands. Unlike Companies, Limited Liability Partnerships, etc. where financial statements and audit reports are made public to users through the MCA (Ministry of Corporate Affairs) portfolio. The list of proprietorships is not readily available to government officials.

Decision-making remains to the proprietor

Since Sole Proprietorship is owned and operated with one hand, there is no possibility of conflicting ideas or decisions. Sole Proprietors have the right to do whatever they think is right for business.

No Audit Limits

Sole Proprietorship does not require its accounts to be audited each financial year under any law. The audit will depend on the nature of the business and the threshold turnover limits specified for the audit.

Low Cost of Compliance

The cost of complying with proprietorship firms is very small compared to other types of business.

Minimal Registration Fee

Since there is no direct way to get a proprietorship company registered you can choose any registration you like and start a business with your PAN.

Checklist of documents required

Individual pan card as proof of identity

Aadhaar Card/Individual Voter ID Card

Photo of owner

Bank statement or canceled check

Proof of address owned: Electricity bill

Proof of address rented: Electricity Bill and Rent/Lease Agreement

Normal Process

The process of establishing a Sole Proprietorship Firm

Consulting a business registration

Gathering basic information

Provide the required documents

Preparing the application online

Registration for Sole Proprietorship online

Application for allocation of TAN

Delivery of Firm seal and other items if subscribed

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How Paravue Advisors help you to achieve your dream startup?

We at Paravue Advisors guarantee a high level of satisfaction and timely delivery of your firm registration with better response to government needs through our professionals. You can contact our team on 099504-51000 or send an email to infoparavueadvisors@gmail.com for Sole Proprietorship Firm Registration in Jaipur

Establish your entity in just 3 simple stages-

Opt for the suitable package for your needs
Fill in the questionnaire that takes less than 12 minutes
Provide the basic details and documents required to register
Make payments with secure payment gates

A Relationship Manager assigned
Filing application
Registration of entity under MSME department and seal of the firm
Allotment of TAN

Require 4 working days

*Affected by Government processing term

Why you should choose Paravue Advisors for your assistance?

Expertise guidance

We will help you from picking up a suitable registration to getting your registration certificate. Our experts give you expert guidance on many of the processes involved in registering your business as a sole proprietorship, as well as service tax registration, sales tax, import/export code, and professional tax.

Filing Application

The professionals to assist you in the application are well-executed and can manage native registrations.

Registration Receipt

Our team will provide full assistance with the registration process. This can vary between 5 and 15 days, depending on the work done by the authorities involved.

FAQs on Sole Properietorship Firm Registration

Sole proprietorship differs from other types of business in many ways.

Sole proprietorships are a very simple and very cheap way to do business.
They do not require any formal government registration.
A sole proprietorship does not protect individuals from the liability of their business.
Sole proprietorships are considered a simple income for tax revenue, and there is no need for separate taxes.

Unlike companies, a sole proprietorship is not treated separately by the IRS. This means that any profits from your management are considered your income and are included in your tax return. Any such income is taxable to you in the year in which it was received.

Yes. Unlike other forms of inclusion, you have a personal responsibility for any of your entity's liabilities or legal cases against your business. This means that to satisfy the debts owed to your business, debt collectors can add back to your personal property - homes, cars, etc. For this reason alone, you should be very careful about establishing a proprietorship.

The Sole Proprietorship firm is an unorganized business structure and there is no specific law or procedure for its registration. The Paravue Advisors can help you register your company by analyzing the type of registration required for your business type.

There is no set rule for checking the name of a Sole Proprietorship Firm registration. Therefore, anyone can easily start their own business with the name of their favorite trade. Any trade name may be used if it does not conflict with any product name. The name does not require authorization from the registry. The trade name can also be protected by taking the trademark.

Any Indian citizen who has a current account in the name of his business can start it. Registration may or may not be required, depending on which business you plan to establish. However, to open a current account, banks usually require Shop and Establishments Registration.

You can always choose to do so. The process is a little tedious, but it can happen. It is often the case that owners alone turn to partnerships with limited private companies over time.

Sole proprietorship's one of the great advantages is that no legal rules are required as government sanctions are not required. Other than that, there is no need to pay registration fees, and no government control and compliance documents need to be completed. There are no minimum investment requirements.
In addition, a person gets to keep any profits or income generated and sole proprietorship benefits prevent double corporate taxes.

One can officially start a business in India easily. There are only two things needed. First to choose a business name and second to choose a location as a place to do business.

No, Proprietorship firms are privately owned and managed businesses. Therefore, a sole proprietorship cannot issue shares or have investors.