))
Registration of Sole Proprietorship Business
Fetch error
Hmmm there seems to be a problem fetching this series right now.
Last successful fetch was on February 27, 2024 02:58 (
What now? This series will be checked again in the next day. If you believe it should be working, please verify the publisher's feed link below is valid and includes actual episode links. You can contact support to request the feed be immediately fetched.
Manage episode 293878041 series 2702425
Content provided by Instade Business Services LLP. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Instade Business Services LLP or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
A sole proprietorship is the most common and simplest form of business owned, controlled, and managed by a single person. It is having the least number of formalities to be done as compared to other forms of business.Eligibility/Requirements for registering a Sole Proprietorship Business· A legal business objective.· Sole person who will run the business.Documents required for registration of Sole Proprietorship business.1. An identity proof which includes documents like Aadhar card, voter ID card, etc.2. Address proof which includes water bill, electricity bill, or any other utility bill.3. PAN card property of the sole proprietor.4. Any license in case the business requires. Ways to register Sole Proprietorship in India.1. Register under the Shop and Establishment Act.2. Get a Udyog Aadhaar under the Ministry of MSME.3. Get a GST registration. Process of registration of Sole Proprietorship business process of sole proprietorship registration with us requires you to1. submit documents and fill our form and we will file them to authorities and,2. we will intimate you about the registration once the authorities approve it. Advantages of Sole proprietorship business· No need to file financial statements to any authority.· Ease of starting a business.· Can be started with less cost.· Less legal compliances are required.· Only one person is required to start a business.· Owners have complete and direct control over all decision-making disadvantages of sole proprietorship business· Unlimited liability of the proprietor.· fewer sources of funds available.· Becomes difficult to be managed by a single person when business grows at a very fast pace.· Business continuity ends with the death or departure of the owner follow Us and Subscribe to Our Channels at Gaana | Apple Podcasts | Spotify | Google Podcasts
8 episodes
Share
