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).
In India we register the Proprietorship which is also called a Sole Proprietorship Firm or Company which is register under the Indian Proprietorship Act 1908. We require the following document to form a proprietorship firm or company.
Benefits:
Registration under “INDIAN REGISTRATION ACT 1908”
Benefits at the time taking Contracts from Govt. or other Agencies
Identification of the PROP. of the Firm.
Benefit in taking legal Action
Requirements:
Prop. Name, Father’s Name, Residence Address
Firm Name and Firm Address
Two Photos of the Proprietor
Objects of the Business
One ID proof – Voter ID or DL or Passport
One electricity bill or water bill of office premises.
NOC from the landlord of the premises.
Rent agreement
Please also give us the date of commencement of business
In case of sole proprietorship, please attach an affidavit attested by notary