Sole Proprietorship Registration in Coimbatore

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    Sole Proprietorship Registration Procedures

    In India so far evaluated that the safest and easiest mode of starting a business is simply Sole Proprietorship to get registered. For registering a sole proprietorship is not difficult that the proprietor’s PAN number, Licenses, initial capital is only required. Corp roots will help you the rest of the collection of few more documents required as well as the procedures.

    Here we can see few more details about this type of firm.

    The easy way for entering to this single proprietorship firm is by a bank account which is open and also the license documents is enough in India to get registered. To open a bank account RBI’s KYC norms are mandatory by submitting the below documents:

    • CST/VAT certificate
    • License or certificate issued under the shop or establishment act by the municipal
    • Documents of the certificate or registration by the sales tax / service tax or professional tax authorities.
    • License or registration document which is issued by the central or state government etc. in the proprietary concern.
    • Income tax returns on the name of proprietor
    • Utility bills has to be submitted like telephone or electricity bills

    Registration with License

    We have seen the mode of registering Proprietorship Company with the help of opening bank account and licenses. The registration procedures vary with the type of business using license.

    You can use Proprietor PAN Card for registration by using it for opening a bank account, get licenses, and file income tax returns. Thus this the starting activity to establish a sole proprietorship company in India.

    For the Manufacturing or trading business types:

    In such business type of selling goods and services the VAT or TIN registration is a mandatory one and you can register firm by using the proprietor’s PAN card from the respective state government. After registering company by VAT or TIN registration the process of getting the monthly or half yearly or annual VAT returns by the proprietorship.

    Already we have discussed about the shop and establishment act license by the Department of Labor is compulsory to start their business in a professional place or store. It is purely applicable on their respective state to show as a proof of Proprietorship business.

    Your business size may be differed with your objective in the market like small, medium, and large. For the small and medium sized business in their state an act is issued by the state government for the proprietorship firm. Based on the MSME Act is the micro, small and medium sized business in the state can start their sole proprietorship business.

    For the business services

    For a service oriented business the proprietorship business existence is managed by doing service tax registration from the service tax department and then the half yearly service tax returns are filed by the proprietorship. In addition to this service tax registration, shop and establishment act license, ESI registration, Professional License can also use for the proprietorship existence.

    Benefits of sole proprietorship

    • Over all decision making
    • Easy formation compared to others
    • Tax benefits
    • Employment recruitment can be practiced

    Frequently Asked Questions!!

    What are the requirements and procedure in partnership registration?

    1) Registration with DTI or SEC (depending on partnership's capital)
    2) Submission of duly notarized Articles of Partnership.
    3) Submission of SEC form F-105 (for partnerships with foreign members)
    4) Procurement of licenses and clearances from necessary government offices.
    5) Registration with BIR.


    What is the benefit of private limited company?

    A Private Limited Company is a legal entity in its own right, allowing the business owner to keep their assets separate from the business itself. This means that the business owners aren't subject to any personal liability, as their work is undertaken as an agent for the company, rather than as an individual.


    What is meant by private limited company?

    Limited companies can be private or public. Unlike a publicly limited company, where shares are traded on the stock exchange, a private limited company does not publicly trade shares and is limited to a maximum of 50 shareholders.