Proprietarship firm in bangalore
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Overview
A sole proprietorship is an unincorporated business that one person owns and manages. As the business and the owner are not legally separate, it is the simplest form of business structure. It is also known as individual entrepreneurship, sole trader, or simply proprietorship. A sole proprietorship may transform into another, more complex business structure if the business grows substantially.
The business owner, also known as a proprietor or a trader, conducts business using their legal name. They may also choose to do business using another name by registering a trade name with their local authority.
Advantages
1.The easiest and Best way to start a business
2. Few government rules and laws
3. Full management control
4. Flow-through of business profit
Documents Required
Aadhar Card
PAN Card and Bank Account
Registered Office Proof
1. If it is a Rented Property: Rent agreement and NOC from a landlord.
2. If it is a Self-owned Property: Electricity bill or any utility bill or sale deed.
Registration Required for Sole Proprietorship Firm
1. Registering as MSME
2. Shop and Establishment Act License
3.GST Registration
Faqs
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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.