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- 100% online process
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- End to End documentation
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A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one natural person and in which there is no legal distinction between the owner and the business. The owner is in direct control of all elements and is legally accountable for the finances of such business and this may include debts, loans, loss etc.
The owner receives all profits (subject to taxation specific to the business) and has unlimited responsibility for all losses and debts. Every asset of the business is owned by the proprietor and all debts of the business are the proprietor’s. It is a “sole” proprietorship in contrast with partnerships (which have at least two owners).
A sole proprietor may use a trade name or business name other than his, her or its legal name. They will have to legally trademark/register their business name, the procedures being different depending upon state of residence in India.
The registration as a sole proprietorship does not have a standard, single point entity registration facility. Therefore, the existence of a proprietorship must be established through tax registrations and other business registrations that a business is required to have as per the rules and regulations.
GST Registration – If Applicable
- Shops & Establishment Registration AND
- Professional Tax Registration.
Obtain help of Professionals & Subject matter experts at CFO Affairs to understand the intricacies involved in the registration. We are more than happy to educate you and make your entity registration a hassle free process.
Because that will enable each of us to do what we are good at!
We’ve worked with CFO Affairs from the very early stages of our business, through to established startup, and then scale up. They have been a one stop solution to our start up needs, understanding our core activities, suggesting us the most appropriate entity, advising us on the mandatory registrations & permissions to be obtained. Their work has been invaluable to us and I would unreservedly recommend them!
As a startup company we were incurring costs in the set up of our business. CFO Affairs helped us with an interesting expense budgeting & business plan along with setting up of the entire work flow, invoicing, accounting and compliance system in place. The execution by their team was the best! We were relieved of so much work load and responsibilities! I personally recommend CFO Affairs to one & all! We will stay associated with you guys!
This is good news for me that the company is now incorporated. I would like to thank CFO Affairs and all its staff members involved in the incorporation process. CFO Affairs has been very punctual and thorough in all the documentation process. I am sure, it would have taken a lot more time for me to manage this stuff by myself, thanks to CFO Affairs, they managed it all for me.
The expertise at CFO Affairs is really broad and at the same time they have great specialists amongst them, giving access to advice that is current and in line with changing trends and norms. They have been awesome when it comes to delivering on time, proactively providing expert support to so many facets of our early strategies and management & an insightful and attentive partner. Kudos to the team! Keep the good work going.