CA Desk

Sole Proprietorship

When a business is owned and governed by one person, it is called a sole proprietorship company. This type of business can be incorporated in fifteen days and hence makes it one of the most popular types of business to begin in the unsystematic sector, specifically among merchants and small traders. For a Sole Proprietorship business, registration is not required as it is identified through alternate registrations, such as GST registrations. However, its liability is unlimited and it also doesn’t have perpetual existence.

    Why Should You Register For A Sole Proprietorship?

    A Sole Proprietorship provides maximum privacy to its owners and has an easy establishment and operational process.

    Service Pick

    We help you pick the right government registration

    Vendor Connect

    We connect you with a verified vendor to file the application

    Receipt of Registration

    We offer continuous support until you receive the registration

    Service Pick

    We help you
    pick the right government registration

    Vendor Connect

    We connect you
    with a verified
    vendor to file the application

    Receipt of Registration

    We offer continuous support until you receive the registration

    Benefits of a Sole Proprietorship

    Minimum Compliance

    Minimum Compliance

    Sole Proprietorships have minimum compliance requirements as they are identified by government and tax registrations. Therefore, their agreements are confined to yearly filings of service, sales, or professional taxes.

    Simple to Begin

    Simple to Begin

    A Sole Proprietorship is simple to begin. One needs to simply have a GST Registration in place. This business can be set up in 15 days with the help of a PAN card.

    Economical

    Economical

    When compared to an OPC or One Person Company, a Sole Proprietorship is economical due to its minimum compliance requirements, including no need to hire an auditor. One of the main reasons why small merchants and traders choose this type of companies

    Documents for Registered Office
    Address

    Bills

    Anyone: Latest Electricity bill / Gas Bill / Mobile Bill

    CA Desk is a team of highly professional CA, CS, Lawyers who driving towards the integration of technology with traditional practices to cater to the need of MSMEs in the fast-moving and cost-effective world.

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