Proprietorship Firm

All inclusive Rs. 1999/- PROPRIETORSHIP FIRM 1 Day Registration
WE OFFER

We offer a spectrum of services to domestic and foreign companies which includes Company Registration & their Annual Compliances, Secretarial & Legal assistance, MIS & Data Analytics, Business Intelligence & Interactive dashboarding, Accounting & Bookkeeping and Business Process Outsourcing. We are a team of professionals with competitive pricing. You may register your query through ‘Chat with us’ at the bottom of this page or send us an e-mail on [email protected] or find our details on ‘Contact us’ page. Our Specialist Advisor will get back to you in 2-3 working days.

P

roprietorship is a structure wherein a single person has full control over the business. The identity of an individual and the business is the same. There is no mechanism provided by the Government of India for the registration of a Proprietorship. Therefore, the existence of a proprietorship must be established through tax registrations and other business registrations such as Service Tax, Goods & Services Tax (GST), Micro Small & Medium Enterprises Act (MSME), Shops and Establishment registration under the State Act. All the registrations for a proprietorship are done in the name of Proprietor which makes them personally liable for all the liabilities of the firm

A single person owns the entire business and all the assets and property belongs to the proprietor. All the risk associated with the enterprise is that of the owner

There is no requirement to share the profit or losses of business and everything belongs to the sole proprietor

There are negligible legal formalities required to start a proprietorship firm

Proprietorship business is not treated separately for income tax purpose. The tax slab as specified for an individual’s income is only applicable to the income of the business. The rates of tax are lower compared to other business structure like company and partnership. You will get the benefit of deductions when filing a combined ITR for individual and the business

OUR PROCESS
DOCUMENTS REQUIRED
POST INCORPORATION
OUR PRICING
OUR PROCESS
WE COLLECT DETAILS

Please fill basic details in form & share required documents

SIT BACK & RELAX

Let us Do it for you. Do Nothing & collaborate with us

REGISTRATION DONE

We complete the process & incorporation certificate is given

This is what we do when YOU SIT BACK & RELAX

  • Review the documents and information provided
  • Apply for Digital Signature Certificate (DSC)
  • Check availability of company name with MCA
  • Draft Memorandum of Association (MOA)
  • Draft Articles of Association (AOA)
  • Draft all other incorporation documents
  • Reserve name with MCA
  • Apply for Directors Identification Number (DIN)
  • Apply for company incorporation with MCA
  • Apply for PAN and TAN of company
DOCUMENTS REQUIRED
Foreign Companies

In case of NRI or Foreign National, documents of director(s) must be notarized and/or apostilled

Latest Passport size photograph of Proprietor

  • Aadhar card and Voter ID/ Passport/ Driving License of Proprietor
  • PAN Card of Proprietor

Latest Telephone Bill /Electricity Bill/ Bank Account Statement of Proprietor

The above documents should not be more than 2 months old

  • Latest Electricity Bill/ Telephone Bill of the registered office address
  • No Objection Certificate to be obtained from the owner(s) of registered office
  • Rent Agreement of the registered office should be provided if any
POST INCORPORATION

Maintaining books of accounts as per Indian GAAP

Where the income is more than Rs 1,20,000 or total sales, turnover or grossreceipts are more than 10,00,000 in all preceding 3 years, such profession or businesses must maintain books of accounts and other documents which may enable the Assessing Officer to calculate their taxable income as per the Income Tax Act

Bank Account

Bank account has to be opened for Proprietorship

There are NO compliances

GST Registration

If turnover is less than 20 lacs, then there is no need to get GST registration

GST returns

If GST registration done, then need to comply will all the return formalities

Tax audit

If turnover exceeds INR 1 Cr. in case of a business or INR 50 Lakh in case of a profession, is required to get its books of accounts tax audited

Statutory Audit

Not required

There are NO compliances

OUR PRICING
basic
₹1,999
All inclusive
Permanent Account Number
Tax Deduction & Collection Account Number
MSME Registration
new
standard
Most Preferred
₹3,999
All inclusive
Permanent Account Number
Tax Deduction & Collection Account Number
MSME Registration
GST Registration
premium
₹6,999
All inclusive
Permanent Account Number
Tax Deduction & Collection Account Number
MSME Registration
GST Registration
3 months GST return
Annual tax return

WHAT OUR CUSTOMERs SPEAK

Puneet Srivastav
Puneet Srivastava
Helium
Co-Founder

It has been an absolute delight working with Manish and Stairfirst to support the set up and managing the compliance requirements for our Indian subsidiary. The team is super responsive, best at their game and acts as a trusted partner to guide you through the complex maze of regulatory needs. They have also been accommodating in some extra services we have requested few times at very competitive price. I will highly recommend working with them.

Emma
Emma Jones
Disruptive Hiring
Managing Director

Stairfirst helped us set up Indian subsidiary of our UK Company in timely manner. They understood what we needed and got on with it. StairFirst has become a trusted partner which takes care of all our Annual compliance, RBI Clearances, Income tax and Corporate compliances, Accounting and Payroll services. I am extremely happy to recommend their services.

Alok Profile pic 2
Alok Alamban
Entrepreneur
Canada

Team at Stairfirst is always responsive. Their knowledge on regulations and processes is amazing. This is crucial when making decisions while setting up a new business. Our experience with them has been positive. We look forward to continued relationship. Wishing the team more success ahead.

Connect with us
OUR OFFICE
438, Fourth Floor, Spaze i Tech Park, Sohna Road, Sector 49, Gurugram - 122 018, India
OUR EMAIL
Drop us an email at
[email protected]
Support
'CHAT with us' or
call us at +91 956-098-2460