01 July 2011
No problem you can start a firm in the name of Ramkrishna & Co. as proprietor. For this you have to take the following 1) Trade Licence in the name of Ramkrishna & Co from the local Municipal Corporation. 2) Printing of Letter Heads. 3) Rubber Stamp for proprietorship and round seal. 4) Open a Bank account. 5) Register with Sales Tax Department 6) Register with Central Sales Tax Department 7) Register with Service Tax Department.
The above 5 to 7 shall be applicable only when you attain the turnover limit fixed by the department or if you are purchasing any goods for sale from other states.