ExpertBells Announced Sole Proprietorship Registration For Businesses
Want to start or run your business without any partners or shareholders? Start a sole proprietorship in India, but you have to register it first to start. The good news for you is that ExpertBells has announced sole proprietorship registration services for entrepreneurs who want to start their business. ExpertBells is the leading online business services platform in India, dedicated to help entrepreneurs start and grow their business at affordable cost. They also help businesses in getting various types of proprietorship certificates based on their business by procuring certain consultation fees.
On the announcement of the sole proprietorship registration service in India, a representative of ExpertBells Said, "Startups are not easy particularly at this time as the whole world is suffering from corona. ExpertBells and our highly professional team can guide you with an immense amount of clarity. Our team is always available and everything is handled with the utmost professionalism. We are well capable of solving any issue related to company registration in the best possible way".
Sole proprietorship firm is a type of business entity owned as well as operated by one person only. Also, it is like a person giving Business name for himself to perform business activities professionally. Starting a sole proprietorship has plenty of benefits including:
- You have overall control and claims the ownership stake
- The profit solely belongs to you
- Requires no minimum capital investment
- You are accountable only to file a yearly tax return and pay tax as an individual
- The tax assistance avert double taxation
- No separate tax for the firm
When you have decided to perform Business as sole proprietorship business, then your business name has to be registered with one of the many options available like GST registration, IE Code, MSME registration, etc., with the government to make your business legal plus to get a bank account on the company name.
Step 1: To incorporate a sole proprietorship
Step 2: Pick a name for your business or Company
Note- There is no formal registration needed but can be obtained through different ways like register as a small medium enterprise (SME) under MSME act, register under shop and establishment act or register under GST act.
There are some important documents required for online sole proprietorship registration in India. The four important documents are Aadhar card, PAN card, Bank account and registered office proof like rent agreement.
ExpertBells is the leading online business services platform in India. ExpertBells offers wide range of services which includes private and public company registration, GST registration and filing, FSSAI registration, ISO certification, and many more. The company is dedicated to assisting entrepreneurs easily start and grow their business at reasonable costs.