how to register a sole proprietor business and what procedures are there to get certificate and opening a current account.
Jitendra Kumar (75 Points)
30 November 2018how to register a sole proprietor business and what procedures are there to get certificate and opening a current account.
Ranjeet Singh
(Corporate Law Matters & Taxation)
(565 Points)
Replied 30 November 2018
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 30 November 2018
Jitendra Kumar
(75 Points)
Replied 30 November 2018
RAJA P M
("Do the Right Thing...!!!")
(127387 Points)
Replied 30 November 2018
Jitendra Kumar
(75 Points)
Replied 30 November 2018
Ranjeet Singh
(Corporate Law Matters & Taxation)
(565 Points)
Replied 30 November 2018
Government has brought new Loan schemes i.e. Mudhra Loan etc., which require less paper work. Visit your desired Bank first. Have a meeting with Bank Manager and tell him your need. They will suggest you better. Basic documents are as follows:
1. KYC (Pan, Aadhar, Photo)
2. Bank Statement
3. ITR for 3 years with Balance sheets
Though, if you are starting new business they may not ask ITR. Giving Loan is upon descretion of Bank Manager, so practically, if your Financials are strong, there should be no problem.
Balram Choudhary
(Sr. Accountant)
(112 Points)
Replied 01 December 2018
Dear Jitendra
For opning a sole proprietor business you need simply start with document of proprietor like pan ,aadhar,voter card and bank current account in the name of proprietor or business and registered with govt authority like trade licenca,registration under gst not required if condition not satisfied.
*Document of loan *Pan card *Stock Statement *Debtors list *3 years IT return *current years estimated profit and loss acount and next year projected *if dealer agreement copy of with company *Bank Statement *if registered with gst - return filled upto date * upto date trade licence. * loan form *
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