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The Most Popular Registration since Independence And Prior To Is Carrying Business In form Of Ownership. Though The Entire Family Is Support To The Head Of The Business, Business used to carry In Hand Of The Proprietor/Single Person And Filing Of Income Tax Too Himself. During Further Ideology Of Collective Growth And Huge Capital Requirement In Prospective Business Provocative To Carry the business in Form Of Partnership Business And Further this kind of Business Survived From Long Existence And Still Continued By Most Of The Business Men. Further Development In India's Business And Government Initiative To Have Business Across The Globe i.e globalization And Its Initiative To Open India's Market To Global Presence Is Another Reason Pave The Way For Formation Of Corporate Form Of Business corporations i.e Private Limited company, Public Limited Company, LLp Company . Corporations Across The Globe Are Preferred To Tie Or Mend With Compliance Structured Form Of Businesses (i.e Incorporations) Across The Globe This is one reason to Lead/Form Compliance Structured Form Of Businesses By Many In India . Prospective Businesses Are Mostly interesting To Have Their Form Of Business As Private Limited Company being Less Compliance Compare With Public Limited Company Type Of Formations.
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proprietorship business mean single or sole trader/person business:
1. it best suitable for small businesses limited to small area or locality or region.
2. sole trader need not to have applied company /Business pan card (statue will Not Allow to get pan card for sole trader)
3. if sole trader carries sales Or Services - need to apply - GST registration (after such Prescribed turnover crosses).
4. and other department licenses to his best suits.
example:
a proprietorship concerns carrying business as trader and turnover crosses more than 20 lakhs and labour is engaged. he has to take GST registration ,labour license or shop act registration and trade license from local municipality and etc has to be taken.
note:
proprietorship concern does not have company pan card as there is no partners in the concern . hence no need to take company pan card. pan in the name of the concern can get for partnership Firms ,private limited companies, public limited companies,societies, Trust etc as there are more than one persons are involved in carrying concerns.
documents required for getting registrations as a proprietor:
GST registration:
Photo, Pan Card, Adhar, Saving/Current Account, office electricity bill, rental or lease agreement.
labour license registration (This License Is Must For Any Kind Of Business):
Photo, Pan Card, Adhar, Saving/Current Account, office electricity bill, rental or lease agreement.
iec registration :
Photo, Pan Card, Adhar, Saving/Current Account, office electricity bill, rental or lease agreement, Canceled Cheque/Letter From Bank
Professional Tax registration (This License Is Must For Any Kind Of Business):
Photo, Pan Card, Adhar, Saving/Current Account, office electricity bill, rental or lease agreement, Canceled Cheque/Letter From Bank
for registering as partnership firm:
1 photo of each partner, identification proof and address proof, office electricity bill and rental agreement.
GST registration:
Firm pan card, partnership deed, firm registration certificate, photo of each parnter ,office electricity bill, rental or lease agreement. partners pan card, Adhar and bank statement.
labour license registration:
Firm pan card, partnership deed, firm registration certificate, photo of each parnter ,office electricity bill, rental or lease agreement. partners pan card, Adhar and bank statement.
iec registration:
Firm pan card, partnership deed, firm registration certificate, photo of each parnter ,office electricity bill, rental or lease agreement. partners pan card, Adhar and bank statement.
Professional Tax registration (This License Is Must For Any Kind Of Business):
Photo, Pan Card, Adhar, Saving/Current Account, office electricity bill, rental or lease agreement, Canceled Cheque/Letter From Bank
for registering as private limited:
2 photos of each director, name of the business, office address, pan card, and address proof required.
GST registration:
company incorporation certificate, company pan ,moa, aoa, office electricity bill, rental or lease agreement, director photos letter from bank as per prescribes format by dgft, pan card, Adhar.
labour registration:
company incorporation certificate, company pan ,moa, aoa, office electricity bill, rental or lease agreement, Personal pan card, Adhar, Photo
iec registration:
company incorporation certificate, company pan ,moa, aoa, office electricity bill, rental or lease agreement, director photo, letter from bank as per prescribes format by dgft, pan card, Adhar and photo
Professional Tax registration (This License Is Must For Any Kind Of Business):
Photo, Pan Card, Adhar, Saving/Current Account, office electricity bill, rental or lease agreement, Canceled Cheque/Letter From Bank