Setting up a proprietorship firm is relatively easy and straightforward compared to other business structures like partnerships or corporations. There are minimal legal formalities and registration requirements, making it accessible to individuals starting a small business.
As the sole proprietor, you have complete control and ownership of the business. You make all decisions regarding operations, finances, and management without the need to consult or share profits with partners or shareholders.
It often enjoy tax benefits, especially for small businesses. Personal income tax rates may apply to the profits of the business, which can sometimes result in lower tax liabilities compared to corporate taxation.
It offer flexibility in terms of business operations and decision-making. You can adapt quickly to market changes, make decisions without lengthy consultations, and implement strategies that suit your business goals.
Directors and Shareholders PAN Card Details.
Directors and Shareholders Aadhaar Card Details.
The most recent property tax bill or utility bill (electricity, phone, gas, and water) for the registered office address.
The most recent passport-size photos of each director and shareholder.
Directors and Shareholders Mobile Numbers.
Directors and Shareholders Email Address.
* Note : Documents may change as per the requirements.
