Sole proprietorship


How can a registration of firm under sole proprietorship be done? 

 
Reply   
 

In my view For any registration first requirement is PAN. Your query is not clear what kind of business you propose to commence.

 
Reply   
 



Respected sir,

There is no government registration needed in order to start a sole proprietorship business in India. You don’t have to go to an online registration portal and fill up a form or submit any documents. However, you do need to open a current account with a bank in the name of the business.A current account in turn requires that you have a specified location from which you are doing business. The bank will ask you to submit at least two documents as proof of business location in the form of government registrations such as shop act license, service tax, CST/VAT, etc.

You don’t need to register your sole proprietorship in India. But in order to receive payments in the name of the business, you need to open a current account in a bank. For this, you will need proof of existence of the firm, and the address proof. Documents needed include:

1. Pan card and ID for address proof of proprietor.

2. Business address proof (eg: electricity bill in your name, or electricity bill + registered rental agreement, etc.)

3. Two government registration documents confirming name and address of business (shop establishment license, service tax registration, VAT/CST, etc.)

4. CA Certificate – You can get this from any CA. They might charge you a nominal fee for giving you a certificate

hope you find this helpful 

regards

 
Reply   
 

LEAVE A REPLY


    

Your are not logged in . Please login to post replies

Click here to Login / Register  


 

  Search Forum








×

Menu

Post a Suggestion for LCI Team
Post a Legal Query
Forensics & Evidence     |    x