Sole proprietorship Registration in Jaipur; when single person runs a business then such kind of business is called as proprietary business, and the owner of the business is called as proprietor. Proprietorship is the most common form of the business which is used in India. You can start and operate the business with minimum regulatory compliance. However there is no fully fledged way available to register your proprietorship firm by Indian Government. Tax registration and other business registration’s is the right way to show existence of your proprietary business.
Following registrations can be used to show the existence of your proprietary Business:
•Udhyam Registration.
•GST Registration.
•Shop and Commercial Establishment Registration.
The owner of a sole proprietorship business typically signs contracts in his or her own name, because the sole proprietorship business has no separate identity under the law.
ADVANTAGES OF SOLE PROPRIETORSHIP FIRM REGISTRATION
1. EASY TO START AND CLOSE BUSINESS:
One week’s time you can start your registered business saving your time and money.
2. SINGLE OWNERSHIP:
Single ownership means less complication, also decision making is limited to one person.
3. NO RESTRICTION FOR BUSINESS NAME:
There is no need to register or reserve the name for proprietorship purpose; you can directly start the business on any name of your choice.
4. EASY TO CLOSURE:
Closure procedure is very simple with minimum formalities.
