Sole Proprietorship, as defined by the Govt. "Of India is a" one-man corporation in which the company is owned, run and operated by a single person.
One of the key advantages is the ease of preparation, as no government registration is required. For beginning a one-man company of your own, there are no taxes to be charged, and there is no federal administrative paperwork and enforcement to be met. There are no minimum conditions for capital investment and the proprietor has complete control and ownership interest.
You get to maintain whatever revenue or benefit you generate. In comparison, the revenue advantages of sole proprietorship prohibit the corporation from being doubly taxed. Only under your own name can you file returns and pay taxes. There are no individual tax forms on wages to be filed and no tax to be collected by the corporation.
Process to Apply
Visit Startupsguide Company Registration Portal.
Fill consultancy form
our support team will contact you.
provide all details and documents.
make online payment.
Get certificate in few working days.
Documents Required
- Age Proof (Birth Certificate/Education Certificate/Voter ID/etc)
- Identity Proof (Aadhaar Card/Voter ID/PAN Card/etc)
- Business Address Proof (Passport/Ration Card/Voter ID/etc)
- Shop and Establishment Act Licence
- Chartered Accountant (CA) Certificate
