A sole Proprietorship Firm  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)

Proprietorship Firm is most common structure opted by merchants and service providers. A sole proprietor become single owner of business. The law treats sole proprietor and his buisness as same and he is held personally liable for all business debts. The low cost of registration, minimum compliances make it a desirable option for small buisnesses. Under this plan, accounza will help your business get registered under Shop and Establishment Act and get advice on other registrations required under various authorities to operate as a proprietor.

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Documents to be submitted

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• Address proof of the proprietor

• Identity Proof of the Proprietor

• Passport Size Photo (2 Copy)

• Personal monthly bank statements

• No objection certificate from the owner

• PAN card of the proprietor

• Passport size photos of proprietor

• Rent agreement of your registered office

• Ownership proof

• Specimen signature