Mindtaxce

Proprietory Concerns

A Sole Proprietorship Firm Registration is a business that is owned, directed & run by a single person. This is a certificate in India that is utilized by small scale business operators. It refers to an individual who owns the business and is solely responsible for its debts. Proprietorship is recognized by other registration like sales tax registrations and the owner has to pay taxes on the income from the business as personal income tax payments.

+ Can a business name be given for proprietary concern?

Yes. The business can be operated in the Individual’s name or a formal name can be given to perform the business.

We at Balakrishna and Co., have helped hundreds of individuals to set up proprietary concern in Bangalore. This is a very cost effective form of starting the business.

Proprietorship firm registration process