Description
About the plan
A sole Proprietorship firm is the simplest business structure ever, where the whole responsibility of operation and running the business lies solely with the owner.
It’s the most cost-effective way of starting a business especially if you have a small working capital.
Whether you are a goods supplier or a service provider, this plan is recommended if you just started and not looking for investment.
Services covered
- A session with Indtaxes Expert
- PAN Application (if proprietor PAN not available)
- Registration under Shop & Establishment Act
- GST Registration
- TAN Application
Documents required
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PAN card (If you do not have a PAN card, click here to get for free)
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Address proof (for e.g., Aadhaar card, driving license, etc.,)
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Passport size photo
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Saving or current account bank statement
- In case of rented property, rent agreement & NOC will be required
- In the case of owned property, ownership proof is required (for e.g., Utility bill, etc.,)
Time duration
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10 working days to complete (Estimated).
FAQs
- What is Proprietorship Firm?
- A Proprietorship Firm or Sole Trading Firm is a business that is fully owned by an individual person. The owner and the business are treated one and the same. The proprietor is personally liable for all business debts or losses i.e., his personal property may also be used to repay business debts.
- Proprietorship Firm needs registration under Shop & Establishment Act whether it is providing a service or dealing in goods.
- Registration under GST depends upon the sales. For more details of registration under GST click here.
- Do I need to be physically present during this process or I have to come to your office?
- No, your physical presence is not required during the process. All work is completely online.
- I have to raise funds for my startup, should I go with Proprietorship Firm?
- No, if you want to raise funds either from banks or from investors then you should go with registering a Private Limited Company. To read about Private Limited Company click here.
- How many people do I need to register Proprietorship Firm?
- Only 1 person is required to register a proprietorship firm.
- Do I have to occupy a full-time accountant for maintaining accounts?
- A full-time accountant is required only when there is a lot of work to maintain on daily basis. If your monthly transactions are low for e.g., 100 to 1,000 transactions per month then it is recommended to get Indtaxes Accounting services. Click here to see Indtaxes’ bookkeeping or accounting services.
- How much money do I need to invest in the beginning? OR What is the minimum capital that I need to put in my Proprietorship Firm?
- There is not any requirement mentioned in the law. You can start just from ₹10 also, but generally, people start with 5,000 to 10,000.
- I have not a separate place to run my Proprietorship Firm. Can I take Proprietorship Firm registration from my home?
- Yes, you can take registration from your personal address.
Why Our Clients Trust Us
100% Money back guarantee
You're protected by 100% Money Back Guarantee Program*
Lifetime support as premium client
We are always here for you, just contact us
Maximise your tax savings
Save your GST & Income Tax with us
Compliances with 100% accuracy
Accuracy is like red blood cells in the blood of Indtaxes
Unparalleled speed at best prices
We stick to our estimated time and prices
Why our clients love us
100% Money back guarantee
Our top priority is client satisfaction. Every client associated with Indtaxes is completely protected by our 100% Money Back Guarantee Program*.
Lifetime support as premium client
If you have any query just call us at +91 9310 223 187 or email us at support@indtaxes.in or you can live chat also. We are always here for you.
Maximise your tax savings
Businesses save on an average 5 – 10% of their GST liabilities with Indtaxes. Individuals save upto ₹ 86,500 by filing their ITRs with Indtaxes.
Compliances with 100% accuracy
Accuracy is like red blood cells in the blood of Indtaxes. We believe in providing error-free professional and financial services with the guarantee of satisfaction.
Unparalleled speed at best prices
We provide estimated time and best prices, and we are stick to it. As per our latest survey, 94% of our clients have confirmed this fact.
What our clients say
220+ client’s reviews with Google 4.9 ratings
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10+ Services Covered
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Monthly expert visit
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220+ 5 star reviews
What our clients say
220+ client’s reviews with Google 4.9 ratings
• 10+ Services Covered
• Monthly expert visit
• 220+ 5 star reviews
INTRODUCING
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Single package for all your needs
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Learn MorePackage for Freelancers, Influencers, Bloggers & Youtubers etc.
Just focus on making income & let us handle your taxes & compliances. All in one package has everything for eg. registrations, GST, ITR, accounting & much more.
Learn MoreBusiness Growth Package
These packages are specially prepared for businesses which are already running and want to use iTaxes packages.
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