Registration of a proprietor firm
This query is : Resolved
03 August 2013
what is the procedure to register a proprietor firm engaged in general trading?
03 August 2013
propr firm is not required to get itself for reg anywhere for conducting business.
03 August 2013
as per my knowledge In case if this being service providing business the registration for service tax with revenue department will be required, similarly if this will be with regard to sale of goods the registration for the VAT will be required with the local State government. If this being operated from a shop or commercial place then registration for the Shop & commercial establishment will be required with the local state government.what you say?
03 August 2013
u had asked in general sense but under corporate law u have asked, so assumed to be u r asking in respect of companies act i advised above.
anyways u need to reg for vat,service tax authorities and with local authority for conducting business, under shop establishment act etc as applicable to your business.
anyways u need to reg for vat,service tax authorities and with local authority for conducting business, under shop establishment act etc as applicable to your business.
04 August 2013
Hi
Proprietorship Firm
In the case of proprietorship firm, there is no registration required. As there is no procedure to make application for availability of name (as in the case of companies) applicable, you simply have to open a bank account with the name & style you want to work. But if your business is liable for VAT and / or Service Tax registration, then you have to obtain VAT and / or Service Tax registration. Further, for sole proprietorship, no separate income tax PAN is required. The PAN of the proprietor will be the PAN of the firm and proprietor will have to file income tax return in his personal name.
Documents Required for Proprietary Firms
• Photocopy of PAN Card (copy and photograph clearly visible).
• Shop and Establishment Licence (only Registered Shop and Establishment Licence will be accepted).
Proof of residence:
• Bank statement no more than three months old with stamp and signature (bank letter confirming the name of the client, address and account number if not on the letterhead).
• Photocopy of utility bills (landline, electricity, gas bill – no more than three months old).
• Photocopy of driving licence (valid and not expired).
• Photocopy of passport with full address of the client (address on the passport should be typed and not handwritten).
Bank proof:
• Cancelled cheque.
• Bank statement.
• Office proof with office address and in the name of the firm/proprietor.
• Bank statement no more than three months old with stamp and signature.
• Photocopy of utility bills (landline, electricity, gas bill – no more than three months old).
Hi
Proprietorship Firm
In the case of proprietorship firm, there is no registration required. As there is no procedure to make application for availability of name (as in the case of companies) applicable, you simply have to open a bank account with the name & style you want to work. But if your business is liable for VAT and / or Service Tax registration, then you have to obtain VAT and / or Service Tax registration. Further, for sole proprietorship, no separate income tax PAN is required. The PAN of the proprietor will be the PAN of the firm and proprietor will have to file income tax return in his personal name.
Documents Required for Proprietary Firms
• Photocopy of PAN Card (copy and photograph clearly visible).
• Shop and Establishment Licence (only Registered Shop and Establishment Licence will be accepted).
Proof of residence:
• Bank statement no more than three months old with stamp and signature (bank letter confirming the name of the client, address and account number if not on the letterhead).
• Photocopy of utility bills (landline, electricity, gas bill – no more than three months old).
• Photocopy of driving licence (valid and not expired).
• Photocopy of passport with full address of the client (address on the passport should be typed and not handwritten).
Bank proof:
• Cancelled cheque.
• Bank statement.
• Office proof with office address and in the name of the firm/proprietor.
• Bank statement no more than three months old with stamp and signature.
• Photocopy of utility bills (landline, electricity, gas bill – no more than three months old).
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