Proprietorship Firm Registration Services

Proprietorship Firm Registration

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A sole trader is the simplest, non-regulated form of trading where an individual acts solely on his own account .The main advantage is that the sole trader takes all the profit generated by the business but the disadvantage is that they are also personally liable for all the debts of the business.

Individuals who are prepared to accept all the risks and rewards of the business

why do proprietorship firm get registered


The individual retains all profits made by the business and pays tax personally.
Payment of Income tax only, rather than corporation tax
Little legal administration

Additional Information

The sole trader is fully responsible and therefore bears all financial risks
A sole trader can easily incorporate a Limited Company to administer the business at any time in the future
Raising investments or opening bank accounts in the name of the business can be more difficult for a sole trader

Income Tax

As a sole trader you will need to submit an annual self assessment form to the Inland Revenue and keep accurate and up-to-date records of all business transactions and accounts. You will also pay income tax and national insurance contributions on any profits. Losses can be offset against tax on other income.

Proprietorship Firm Registration
Sate Level Registration Rs. 4500/-

India Level Registration Rs. 5500/-

International Level Registration Rs. 7500/-

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