Legal Terminus can help you with registration of Sole Proprietorship Firm for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee which starts from Rs.999/-
Sole Proprietorship is the simplest and easiest business structure to start a new business. Sole Proprietorship is an unregistered business entity and simply refers to a person who owns the business and is personally responsible for its debt. Legally there is no difference between the Sole Proprietorship Firm and the Sole Proprietor. Certain relevant queries in connection with the same have been dealt below.
In India there is no mechanism for registration of a Proprietorship Firm. However, the proprietorship firm can be established through various registrations required to start and/ or operate a business in India as per the rules and regulations, i.e., GST Registration, Trade License, Food License, Aadhar Udyog etc.
Income earned by Sole Proprietorship Firm is considered as income earned by the owner and thus, taxed in its individual hand. Accordingly, the tax shall be computed as per slab. However, it is to be noted that Income-tax Act, 1961 provides (almost) common rules for the calculation of taxable business income for all entity structure (say, company, partnership, sole proprietorship firm etc.)
The liability of a sole proprietor is unlimited. As the Government does not differentiate between the Sole Proprietorship firm and a Sole Proprietor, the proprietor is personally liable for all the debts incurred by the Sole Proprietorship Firm.
Legal Terminus can help you with registration of Sole Proprietorship Firm for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee. To know more, please book a telephonic appointment with one of our consultants free of charge.
1) In case the above plan does not qualify your requirements, kindly contact our executive, we shall be happy to customise a plan for you
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You will get tailormade advice, based on various relevant parameters, such as your industry segment, business needs, type and size of your entity, by our highly experienced Consultants
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What our clients think about us
"It has been a wonderful experience dealing with Legal Terminus. They are efficiently organized and thoroughly clear with the subject of dealing. The cut-down wastage of time, repetitive demands and the methodology of dealing with the client has kept our bonding high with them. Its a MUST recommend to all business house to hire them as your professional partners"
"I truly thank and appreciate Legal Terminus for their services and support. Ever since the incorporation of Rayaguru Infotech LLP, Legal Terminus has been there for us in meeting all the compliances in time and hassle free way. I strongly recommend Legal Terminus"
, RAYAGURUINFOTECH LLP
"My first interaction with Legal Terminus team was over a phone call made by them. Before this happened I had already received many phone calls made by similar organizations. I chose to get associated with Legal Terminus as the number of services they provide to their clients is unmatched. For a start up like mine, Legal Terminus is a one stop solutions. Starting from helping me prepare the rent agreement to helping me get all the required licenses and filing GST returns, they had it all covered. I have found their input very valuable time and again. Their dealings has always been extremely professional. I would like to thank them help me run my business and I hope this association stays for long"
, BFS AND MORE PRIVATE LIMITED
"Dear Legal Terminus Team,
I want you to know how much I appreciate the excellent service you provided. Your attention to detail, great communication and ready smile made the experience even better than I expected. I won't hesitate to bring future clients to your establishment and you can be assured"
, RISING HIRESTAR CONSULTANCY PRIVATE LIMITED (OPC)