Sole Proprietorship Registration in 7 days
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For a limited time period, get your Sole Proprietorship registered online for ₹6,999 All Inclusive, Just submit your details and our business expert will get on a call with you to explain the process
Why You Need To Register A Sole Proprietorship?
A Sole Proprietorship provides maximum privacy to its owners and has aneasy establishment and operational process.
Service Pick
Vendor Connect
Receipt of Registration
What is a Sole Proprietorship?
Checklist Items for a Sole Proprietorship Registration
How GLADS Associates Executes A Sole Proprietorship Registration Procedure
Professional Guidance
We provide professional guidance on many of the procedures involved in registering your business as a sole proprietorship, as well as registering for service tax, sales tax, import/export codes, and professional taxes.
Vendor Relationship
We will connect you with an established vendor who will book your application and keep you informed of its progress. The vendors we have on board are highly experienced and skilled in the management of native registratio
15 Business Days
We will provide full assistance with the registration process. It could take between 5 and 15 days, depending on the task at hand for the authorities involved.
What Documents Are Required For A Sole Proprietorship Registration?
A sole proprietorship requires the following documents:
What Are The Documents Required For Opening A Current Account?
The following documents are required in order to open a current account:
Why GLADS Associates?
Access To Experts
Our firm provides access to reliable legal professionals and coordinates with them to meet all of your legal needs.
Realistic Expectations
Our team handles all the paperwork, ensuring a seamless interaction with the government. Our goal is to set realistic expectations regarding the incorporation process.
Strong Team
With a team of experienced business advisors and legal professionals at your disposal, you are only a phone call away from the highest quality legal assistance.
FAQs
FAQs on Sole Proprietorship Firm Registration
A sole proprietorship can be formed by any Indian citizen who has a current account in the name of their business. A registration may or may not be required, depending on the type of business to be established. However, banks typically require a Shops & Establishments Registration in order to open a current account.
A sole proprietorship takes not more than 15 days to set up and begin operating. Due to its simplicity, it is popular among small traders and merchants. Obviously, it is also much more affordable. It is for this reason that it is the most widely used form of business organization.
This depends on the type of business you operate. It is compulsory for any business whose turnover in a financial year exceeds ₹20 lakhs (₹10 lakhs in the case of North Eastern states) to get a GST registration. The Shops and Establishments Act requires registration for businesses that sell goods or services to customers from a commercial establishment.
It depends on what kind of business you're in. It is compulsory for any business whose turnover in a financial year exceeds ₹20 lakhs (₹10 lakhs in the case of North Eastern states) to get a GST registration. Generally, it is necessary for businesses that are involved in the sale of goods or services to customers out of a commercial establishment to register under the Shops and Establishments Act.
Yes, it is much cheaper to run an LLP than it is to run a private limited company. Most of the reasons for this are that LLPs are subject to compliance procedures, such as an audit, only when their turnover is substantial. In their first year, LLPs spend about half as much on registrations and compliance as private limited companies.
The procedure involved is somewhat tedious, but it is possible. In most cases, sole proprietorships convert to partnerships or private limited companies at a later stage.
Yes, it is much more cost-effective to run an LLP than it is to run a private limited company, especially in the early stages of your company's development. This is because many compliance requirements, such as an audit, apply to LLPs only after they attain a certain level of turnover. In their first year, LLPs typically spend about half as much on registrations and compliance as private limited companies.
It is necessary to have at least two people to form an LLP in India. A minimum of one of the partners of the LLP should be both an Indian citizen and an Indian resident, similar to the requirement for registering a company in India.
Contact
- 189, Deepak Vihar, Near Green Valley Public School, Najafgarh, New Delhi-110043
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+91 9711023115
+91 9711114297 - Info@gladsassociates.com