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Procedure for Proprietorship Registration
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Sole Proprietorship Registration Fees
You can avail Sole Proprietorship registration through LegalDocs at a very minimum price. Sole Proprietorship registration starts at rupees 1500 only through the LegalDocs website.
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FAQs
What is a Sole Proprietorship Registration?
A sole proprietorship is also known as a sole trader, individual entrepreneur or a proprietor, it is a type of enterprise that is owned and run by one person. In Sole proprietorship, the sole proprietor is responsible for all his profits and loss.
Who should register for Sole Proprietorship?
A Sole proprietor is the who owns and manages his own business alone, a sole trader, an individual business owner should register for Sole proprietorship.
When should you register for Sole Proprietorship?
A sole proprietorship is a one-person business that, unlike corporations and limited liability companies (LLCs). If you are the sole owner of a business, you become a sole proprietor simply by conducting business, at this time you will have to register for Sole proprietorship.
How long does it take for Sole Proprietorship registration?
Sole proprietorship registration requires MSME registration or GST registration. cae 1 - If the proprietor falls under MSME (Micro, Small and Medium Enterprise) criteria then it will take 2 working days. Case 2 - If the proprietor applies under GST (Good and Service Tax) then it will take 7 working days.
What are the fees for Sole Proprietorship Registration?
LegalDocs will help you to get Sole Proprietorship registration in 999 rupees only.
What are the penalties for not registering under Sole Proprietorship?
There is no such penalty for not registering under Sole proprietorship, but you can avail various benefits by applying for Sole proprietorship registration.
