Mr Compliance

PROPRIETORSHIP

Most businesses in India start individually without other’s participation. An individual carrying out business activities is the sole proprietor and its business entity is said to be a Proprietorship Firm. The identity of an individual and the business are not different from each other. But due to the lower tax rate, flexibility and multiple advantages people prefer this structure for the early stage of business.

With the inclusion of partners, the control over operation reduces. Hence, these proprietors choose to run the business single-handedly and land upon sole proprietorship firm registration. Although there is no specific Act to regulate this organization, there are many ways to register a Sole Proprietorship firm. Small businesses aiming to take lower risks prefer this structure.

Mr. Compliance help entrepreneurs to form proprietorship firm or Proprietorship Registration easily without any hassle in a timely and cost effective manner.

Choose proprietorship because-

A sole Proprietorship is cheaper as compared to OPC.
Tax Benefits- A proprietorship with income of less than Rs. 2 Lakhs per annum is not required to pay income tax.
Easy to establish with less formalities
Own Whole Share of Profit - The proprietor is only owner of the business and therefore he owns the whole share of the business profit.

Process to register Proprietorship

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Collection of basic information
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Verification of information
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Online Sole Proprietorship registration
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Application for allotment of TAN
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CONGRATULATIONS..Your Proprietorship firm has been registered