Business conducting agreement

Agreement deeds 2319 views 2 replies

HARSH SHAH

Student CA IPC / IPCC

22 Points Joined August 2015

For carrying out business in the place of the owner of premises-

1)is business conducting agreement sufficient agreement to be done ?

2)Can proprietorship firm be opened at such place ? If yes what's the ideal procedure ?

Replies (2)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

197776 Points Joined July 2016

1. Required only in case the business premises is given on rent.

2. For sole proprietor just registration with Gumasta dhara and PT is enough to startwith. as and when GST or any license of operation is applicable with respect to supply/goods it can be applied.

Shrijay Sheth

Co-Founder

2697 Points Joined September 2017

Answer provided below is in context of a business under Proprietorship Firm:

Any agreement of such as rent or lease agreement may be required for carrying the business at any place when the owner of the said premises is other than the proprietor of the business. Be it any relative of the proprietor, it will be in interest of the proprietor at any stage of business in future.

Business activities in form of sole proprietorship are not regulated by any law or regulation in India. Read following article for commencement of business under Sole Proprietorship Firm:

Starting Business as Sole Proprietor – Popular Business Type

Feel free to ask any query on business establishment as proprietorship firm here or on call with experts at LegalWiz.in at 89806 85509 or support @ legalwiz.in.