Proprietorship company registration services in Gurgaon Delhi NCR
Posted: Nov 30, 2014
The proprietorship is the simplest business form under which one can operate a business. If we want to start a new either offline or online business, we can use proprietorship registration services. These services are not a legal entity. In these services, the owner is personally responsible for its debts.
The proprietor refers to a person who owns the business and is liable to all services. For providing proprietorship services, a person can uses its own name or a fictitious name. Now a day, the proprietorship is a popular business services due to its simplicity, easy set up and nominal cost.A proprietor needs only register his or her name and he or she can get the local licenses and the proprietor is ready for business.
At eFilingPortal.in, we register sole proprietorship business with low cost and in lesser time in following manner:-
- For Service Providers:We get their business get register into Service tax and other taxation departments, which is a 2 – 3 days’ process.
- For Traders &Manufactures: We get their VAT & CST registered with the authorities, this a longer process and may take 15 – 20 days sometimes.
A part of these registrations they can get registered under Shop Act (if required).
The basic purpose of opening a Current Bank Account in the name of business which we delivers here in eFilingPortal.in.We also provide a certificate from a chartered Accountant certifying the business and it’s Name along with the details of the proprietor for the purpose of opening Current Bank Account. The major banks which open account in the name of businesses are HDFC Bank & Axis Bank.
The owner of a proprietorship registration services signs contract in his or her own name, because the proprietor has no separate identity under law.The proprietor owner will typically have customers write checks in the owner’s name, even if the business uses a fictitious name. Proprietorship can even do personal and business property and funds, something that partnerships, LLP’s and corporations cannot do. The proprietorship company registration services have their bank accounts in the name of owner. Proprietorship services need not observe formalities such as voting and meetings associated with the more complex business forms. These proprietorship company registration services can bring lawsuits using the name of the proprietor owner.Because a proprietorship services is indistinguishable from its owner, proprietorship taxation is quite simple.Actually, the income earned by a proprietor is the income earned by its own. If a proprietor is wronged by another party, he can bring a lawsuit in his own name. Conversely, if a corporation or LLP is wronged by another party, the entity must bring its claim under the name of the company.Many business begin as a sole proprietorship and graduate to more complex business forms as the business developers.
The greatest features of the proprietorship company registration services is the simplicity of itsformation.In fact, no formal filling or event is required to form aproprietorship services, it is a status that arises automatically from one’s business activity.
This Article Is about Registration of proprietorship in delhi NCR and Business Registration in Gurgaon for More Information Please Visit Our Website: https://www.efilingportal.in/
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