Proprietorship

Know About Proprietorship with AapkaTax

It is quite easy to register a proprietorship with AapkaTax. But what exactly is a proprietorship? It is basically a means for the Proprietor to do business. Particularly when it comes to small businesses, Proprietorships are quite ideal in the unorganized sector. With AapkaTax you can get a proprietorship registration at Rs.2899/- onwards.

Why a Proprietorship Registration?

Primarily, proprietorship is just a type of unregistered business entity which is owned, managed and controlled by a single person. In India, sole proprietorship is also one of the most basic forms of businesses, which is used by almost all micro and small businesses functioning in the unorganized sectors. Proprietorship easily get started and also require very minimal regulatory compliance for getting started and also operating. But proprietorship's also do not give the promoter a host of benefits such as limited liability proprietorship, corporate status, separate legal entity, independent existence, transferability, perpetual existence after the primary startup phase, which are prominent benefits for any business. Hence, proprietorship registration is suited only for unorganized, small businesses that are bound to remain small or have a limited period of existence.

There is not any particular of mechanism provided by the Government of India for getting Proprietorship registered as such. Hence, the very existence of proprietorship has to be formed through tax registrations and other business registrations which basically means that a business is required to operate as per the rules and regulations. For example, VAT or Service Tax or GST Registration or any other tax for that matter, can be obtained on the Proprietor’s name to present that the Proprietor is operating a business in single proprietorship. Hence, all the registrations made for the proprietorship would be done in the name of the Proprietor which would make the Proprietor personally answerable for all the liabilities of the business.

AapkaTax is offering a various types of company registration like private limited company registration, one person company registration, Nidhi Company Registration, Section 8 Company Registration, Producer Company Registration and Indian Subsidiary registration etc. and is also the market leader in company registration services in India. Here, you will get a free consultation for proprietorship registration and also business setups in India by arranging an appointment with the help of an AapkaTax Advisor and the entire thing would take up on an average 3-5 working days to complete a proprietorship registration, subject to government processing time and client document submission.