Proprietorship Firm Registration

Registrationshops Business Consultancy Services20 Jun, 2021Business

Proprietorship firm registration is a Single person firm registration. Most of the people can choose proprietorship firm in India because it is the easiest way to start the business as compare as other company registration. A Proprietorship firm have any name but it does not have already registered trademark name. A Proprietorship firm has less than Rs.2.5 lakhs of income per annum is not required to pay any income tax. Sole Proprietorship firm registration was mainly register to open a bank account in the name of their company name. In a proprietorship firm, the owner of the person was called Proprietor. The proprietor manages the entire company and also he/she is the responsible of each and every transaction made in his/her company. g) Proprietorship firm is not separate legal entity as compared as other company registration. 2) Proprietorship Firm Registrati