What is the process and cost involved?
John Miller (Business Strategist) 07 October 2020
What is the process and cost involved?
Hemant Agarwal (email@example.com Mumbai : 9820174108) 07 October 2020
1. Coordinate with a local Chartered Accountant regarding forming and registering your firm and costs & other modalities involved for the same.
Keep Smiling .... Hemant Agarwal
G.L.N. Prasad (Retired employee.) 08 October 2020
A sole proprietor needs no registration, and he must have a PAN No. and GST No. Contact any local Tax practitioner or Commercial Tax office for such license.
SIVARAMAPRASAD KAPPAGANTU (Retired Manager) 08 October 2020
Sole proprietorship firm doesn't require registration excepting GST and PAN for the Proprietor. However, if the business of such firm engages a business requiring registration with a local authority or any regulatory authority, registration needs to be done accordingly.
Contact a local Tax Practitioner and/or Chartered Accountant to assist you in the matter.
LegalWizin (Online Legal Service) 08 October 2020
Sole Proprietorship Firm Registration is a hassle free process. Only 3 documents are required to get your sole proprietorship firm registration completed which are as mentioned below:
The entire process takes about 4 working days to get it registered. To get your business registered as a sole proprietorship with the help of Professionals visit: LegalWiz.in
Dr J C Vashista (Advocate) 09 October 2020
Seek professional service of a local lawyer or chartered accountant with relevant documents
175B083 Mahesh P S 12 February 2021
Sole Proprietorship is the easiest form of business done in India since it isn’t governed by any specific laws. Under sole proprietorship's, the compliance's are minimal and easy to fulfill.
To register a sole Proprietorship, the following documents are required:
Although sole proprietor doesn’t require any specific registrations, he is advised to obtain a few registrations to make his business function smoothly.
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CA Naveen Kumar 17 August 2023
In India, you can register a sole proprietorship firm online through the Ministry of Micro, Small, and Medium Enterprises (MSME) or the Udyog Aadhaar registration portal. Here's how:
A. MSME Udyam Registration
· Visit the official MSME Udyam Registration portal at https://udyamregistration.gov.in.
· Create an account using your Aadhaar number and other required details.
· Fill in the necessary information about your sole proprietorship business, including business name, PAN (Permanent Account Number), contact details, and business activity.
· Verify your Aadhaar through OTP (One-Time Password) authentication.
· Upon successful registration, you will receive a unique Udyam Registration Number (URN), which is necessary for availing various benefits and schemes for MSMEs.
B. Udyog Aadhaar Registration
· Visit the Udyog Aadhaar registration portal at https://udyogaadhaar.gov.in/UA/UAM_Registration.aspx.
· Provide your Aadhaar number and name as per the Aadhaar card.
· Fill in the necessary details about your sole proprietorship business, such as address, bank details, and type of industry.
· Verify your Aadhaar through OTP authentication.
· After successful submission, you will receive an acknowledgment containing your Udyog Aadhaar Number.
Both of these online registration processes are designed to simplify and quicken the registration of sole proprietorship firms in India. These registrations are essential for availing various benefits, subsidies, and schemes provided by the government for small businesses. Additionally, if you have a registered sole proprietorship firm, it helps in establishing your business's credibility and legal recognition.
While these online platforms are convenient, it's advisable to consult with a legal or financial professional to ensure you understand the implications of the registration process and to make informed decisions based on your business needs and goals.
juststart (Legal Services) 23 August 2023
Registering a Sole Proprietorship Firm is a straightforward procedure, requiring just three essential documents for completion:
This entire process is typically finalized within approximately four working days. If you seek assistance from professionals to register your business as a sole proprietorship, you can visit: juststart.co.in
corporate genie 06 September 2023
You can register a sole proprietorship firm online in India through the Ministry of Micro, Small, and Medium Enterprises (MSME) or through various private online platforms.
The process typically involves obtaining a Permanent Account Number (PAN) and Goods and Services Tax (GST) registration, if applicable. Costs may vary based on the platform and services you choose, but government fees for MSME registration are minimal.
In Delhi, Corporate Genie offers comprehensive support for sole proprietorship Startup Registration in Delhi, guiding you through the process efficiently and ensuring compliance. Costs may vary depending on your specific requirements and services chosen from Corporate Genie.
Expertkhoj 21 September 2023
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