Proprietorship Firm Registration In Delhi

How To Register A Sole Proprietorship :  Proprietorship Firm Registration, A Partnership Firm is a form of business that are owned, managed and controlled by an Association of People (called partners) for profit. Partnership firm is relatively easy to start and is prevalent amongst small and medium sized businesses in the unorganized sectors. However, after introduction of Limited Liability Partnerships in India, Partnership Firms are losing their relevance because of added advantages offered by a Limited Liability Partnership. Key Features : Single Ownership. Easy to start and close. Complete control on busness. Low cost of Formation and Compliance. Individual tax slab applies. Suitable for unorganized, small businesses that will have a limited existence. Disadvantage: Unlimited Liability. Difficult to raise capital. Business has a limited life. Difficult to do business beyond a certain size. Lack of Credibility. Proprietorship Firm Registration Requirements : There is no specific requirement for registration of a propritorship firm. However, based on nature of business a propritorship firm need to take. Service Tax Registraion VAT / TIN Registration MSME Registration Since proprietorship firm does not have a process of incorporation, above registrations largely helps in establishing the identity of the firm. At AOne BizMakers, we can help you establish the identity of your propritorship firm by obtaining the relevant registrations.