Proprietorship Firm

Proprietorship Firm

In general, the sole proprietorship is a business and it is utilized by one person, they have chances to manage, control the business.  The sole proprietorship is one of the popular forms of business in India. Especially, this option is used by some small businesses. Most of the people consider proprietorships to ensure their comfort zone, because it is very easy to start. At the same time, this process also includes very few regulatory compliance requirements. For this reason business people considers Proprietorship Registration. After the startup phase, proprietorship's do not ensures the host of other options that also includes transferability, separate legal entity, independent existence etc. these are highly important as well as these desirable features are highly important for any business.  Of course, proprietorship's are also beneficial as well as best suited for small businesses because the small business has limited existence. In order to understand all the factor about the Proprietorship Startup Process you may consider our firm.

 In general the Proprietorship Startup Process includes, different factors, now you can get geat help from sspassociate, because the professionals always help you to startup a Proprietorship in seven to fourteen days and the process is also subject to the Government processing time. Usually, the Proprietorship is not based on the process of incorporation.  If you wish to get free from different issues you may take our Proprietorship Registration services, our business advisors help you to get proper information and idea about the Proprietorship business, and of course it can be established based on the Government registrations. In fact the identity of a Proprietorship is also obtained as well as established via Service Tax Registration, generally the service tax registration takes up to fifteen days the timing also based on the Government processing time.

Registration Options

Requirements to Depend on Business Type

  • Sales Tax Registration
  • Service Tax Registration
  • Import-Export Code
  • Professional Tax Registration
  • Establishments Act Registration

MSME Registration established the identity of a Proprietorship and the MSME Registration takes ten to fifteen day but there is no mechanism offered by the Indian government. The existence of a proprietorship is also established only by the business registrations as well as tax registrations.  Obviously, Proprietorship is also done based on rules and regulations. So you need to get professional support to understand important factors about Proprietorship Registration. At SSP Associates, our dedicated professional team available to offer suitable services to you, and we can help and support our client to establish an identity for their Proprietorship under the relevant rules and registrations.



Proprietorship Startup Process

Proprietorship StartupStartup ConsultationService Tax RegistrationMSME Registration
In order to initiate a sole proprietorship in India, everyone must need is the certain bank account, it is a added advantage for those purpose. The startup consultation firm offers a flexible short term consultation units that apt to the customer requirement. We offer Service tax registration services to eliminate complications; the tax expert will prepare respective service application in the proper format to offer great support to you. We help MSME (Micro, Small & Medium Enterprises) and SSI (Small Scale Industries) to get registered successfully under MSMED Act.

Frequently Ask Questions(FAQs)


What is DIN?
The Director Identification Number (DIN) is a unique identification number for an existing director or a person intending to become one. A person has only one DIN, no matter how many companies he/she holds the position of director in.
What is DSC?
The DSC is an instrument issued by certifying authorities (TCS and n-Code are two of them) by which you can sign electronic documents. As all documents needed for company incorporation are electronic, partners need a DSC. It is a digital file stored on a USB Token.
What are common reasons for rejection of DSC/DIN?
Do not abbreviate names, make any spelling mistakes or include prefixes. Also, if you're providing a utility bill as address proof, ensure that it's the latest and is in your name.
How many people are required to incorporate a private limited company?
To incorporate a private limited company, a minimum of two people are required. A private limited company must have a minimum of two Directors and can have upto a maximum of fifteen Directors. A minimum of two shareholders and a maximum of upto 200 shareholders are allowed in a private limited company.
What are the requirements to be a Director?
The Director needs to be over 18 years of age and must be a natural person. There are no limitations in terms of citizenship or residency. Therefore, even foreign nationals can be Directors in a Indian Private Limited Company.
What are the documents required for registration?
Identity proof and address proof is mandatory for all the proposed Directors of the Company. PAN Card is mandatory for Indian Nationals. In addition, the landlord of the registered office premises must provide a No Objection Certificate for having the registered office in his/her premises and must submit his/her identity proof and address proof.
How long will it take to incorporate a Company? can incorporate a Private Limited Company for in 14-20 days. The time taken for registration will depend on submission of relevant documents by the client and speed of Government Approvals. To ensure speedy registration, please choose a unique name for your Company and ensure you have all the required documents prior to starting the registration process.
What do I need to quickly incorporate my Company?
To incorporate a Company quickly, make sure the proposed name of the Private Limited Company is very unique. Names that are similar to an existing private limited company / limited liability partnership / trademark can be rejected and additional time will be required for resubmission of names.
Do I need to be physically present during the company registration process?
No, as all documents are filed electronically, the entire process of incorporation is now online. For nearly all the required documents, scanned copies would do. We may, however, ask for hard copies of some documents, too, with the necessary attestations. These can be couriered.
What is VAT?
VAT is value added tax, a tax levied on the sale of goods in India. Each State in India has unique VAT Regulation and different tax rates are applicable for different types of products. Therefore the VAT Tax Rate and Exemptions will be unique to each State and type of goods sold.
Who has to pay VAT?
VAT is ultimately borne by the end consumer. At each stage, the person purchasing the goods must pay VAT and is allowed to set-off the VAT paid against the VAT liability on subsequent sale. Thereby making the end consumer pay the VAT.
What is the VAT rate?
The VAT rate will depend on the type of goods being sold and the State in which the goods is being sold. Therefore, it would be best to check with the local Sales Tax Office for the appropriate tax rate applicable for the goods to be sold.
What is VAT registration?
VAT Registration is a State level registration for paying VAT, which is mandatory for manufactures and traders having an annual turnover of more than Rs.5 lakhs in most states (Rs.10 lakhs in some states). VAT Registration gives the manufacturer or trader a unique 11 digit number that would be required for subsequent VAT Compliance, VAT Filing and other matters incidental to VAT or Sales Tax or Central Sales Tax.

Who We Are?

We SSP ASSOCIATES is a dynamic and progressive partnership firm of Company Secretaries, deliver value through a dedicated team of professionals with extensive experience across a broad range of disciplines and our knowledge of corporate governance, corporate affairs, corporate management & restructuring, collaborations, strategic planning...

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28 September 2015
28 September 2015
28 September 2015
28 September 2015

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