Dear professional colleagues,
Kindly guide me in incorporating Sole proprietorship concern.
What are the documents required and what are the formalities to be accomplished with statutory authories.
Regards
CS Bhavani Prasad C N
Company Secretary
Aishwarya Telecom Ltd
Dear all,
A sole proprietorship requires almost no legal formalities. It can start the day you want it to start. One may even open a bank account on the name of your sole proprietorship concern.
In case you wish to have a trade mark, design and use it as your trade mark. One may even register a Trade Mark with the proper authorities.
The only thing you must take care of is that you have the required licenses specific to your line of business. For Example: If you are a doctor you need a license to practice etc. Find out about your line of business and what licenses you may require before setting up.
If u want to know more about this just log on to www.indiahowto.com
Thanks
CAclubindia
