Sole Proprietorship

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Scale Up Your Business Quickly

When a business is owned and governed by one person, it is called a sole proprietorship company. The biggest advantage of setting up a sole proprietorship is that is easy to set up, is straightforward, and requires fewer procedural steps than other entities.

Requiring just 15 days to be set up with minimal compliances, sole proprietorship is the most popular way to start business. All one requires is obtaining a business license and quickly scale up the business eventually.

At CONTABILL, we assist you throughout the registration process and handle all the paperwork. Our professional guidance makes the process smooth and ensures there are no hiccups in pursuing your dream entrepreneurial journey.

Why Choose Sole Proprietorship

  • Single Ownership
  • Less Paper work
  • Easy Set up
  • Huge Tax Savings
  • Economical to Run Business

Document Required:

To start a Sole Proprietorship, you need the following documents

  • Address and identity proof
  • PAN card, KYC documents and
  • Rental agreement or sale deed

Process:

  • Upload Documents
  • Select Package
  • Have our professional assigned
  • Complete checklist and filling up of form
  • Obtain Registration Certificate

ABOUT SOLE PROPRIETORSHIP

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Easy incorporation

Sole Proprietorship is the easiest form of business entity in the terms of procedure of establishment.
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Minimal cost

The cost involved in the formation of a sole proprietary firm is very less as compared to other forms of business.
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Lesser compliances

As compared to other business forms, there are fewer legal compliances with respect to incorporation, operation and taxation.
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Independent control

As Sole Proprietor is the single owner of his business, he surely has independent control over his operations.
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Single Promoter

This is the only form of business entity that can be promoted by a single individual.
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No corporate tax liability

As per the direct tax laws of India, the sole proprietary entities are not liable to pay flat corporate profit tax, unlike other business forms.