Sole Proprietorship Registration

Sole proprietorship is the easiest form of organisation, Owned and controlled by individual person. Sole proprietorship requires less legal complications. Proprietorship is a common form of business entity. Establishing proprietorship is very easy, Proprietor can invest money into the same or new business, no separation between the management and ownership. The main disadvantage of Proprietorships company is that the proprietor have unlimited liability and responsible for all the acts. If the business grows up and where the owner not able to maintain the records and business, then the proprietor can restructure his business and can convert into corporate level entity.

Sole Proprietorship Registration in Coimbatore

About Sole Proprietorships

There is no specific registration for proprietorship, proprietorship comes into existence based on the registration of respective tax such as Sale tax, Service tax etc., We, Corpstore helps you in registering the respective tax based on your requirement.

The Registration Based on

  • Service tax is payable on services provided by service provider the liability for payment is on the service provider, Service tax came into effect in the year 1994.
  • VAT is the tax a dealer pay while purchasing raw materials and what the end-consumer pays to the dealer.
  • Taking business to international market will expand business. But visualizing an import - export operation itself a difficult job, The first requirement before starting an import-export business in India is to obtain an Import Export Code (IEC) .
  • The Enterprises having a prescribed capital investment in manufacturing or service sector are eligible to register themselves as Micro, Small, Medium Enterprises (MSME / SSI).

Gallery For Sole Proprietorships