First Hand Holding
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First Hand Holdings offers proprietorship registration from Rs.2599/-
Overview
What is a Sole Proprietorship?

When a business is owned and governed by one person it is called a sole proprietorship company. This type of business can be started in 15 days and hence makes it one of the most popular kinds of business to begin in the unsystematic sector, specifically among merchants and small traders. For a sole proprietorship business, registrations are not required as they are identified by alternate registrations such as GST registrations. However, its liability is unlimited and it also doesn’t have a continuous presence.

Sole Proprietorship: How Can We help?
  • - Service Pick
    We help you pick the right government registration
  • - Vendor Connect
    We connect you with a verified vendor to file the application
  • - Receipt of Registration
    We offer continuous support until you receive the registration
Benefits of Proprietorship
Why choose First Hand Holding?


Minimum Compliance

Sole Proprietorships have minimum compliance as this firm is identified by its government and tax registrations. Therefore, the degree of its agreement is confined to the yearly filing of the service, sales or professional taxes.

Easy to Start

Any sole proprietorship is simple to begin. One needs to simply have a GST Registration in place. Hence, the procedure is not complicated. Therefore, the sole proprietorship business can be set up in 15 days with the help of a PAN card for identity and proof of address.

Value for Money

When compared to an OPC or One Person Company, a Sole Proprietorship is economical due to its minimum compliance requisites. Even in the long-term perspective, it is still inexpensive. It works out much cheaper because one would not need to hire an auditor.


Documents Required
To begin a sole ownership, you would need address and personality proofs, PAN card, all KYC reports and tenant contract or deal deed (if there should arise an occurrence of Shops and Establishment Act Registration).
IDENTITY AND ADDRESS PROOF
Scanned copy of PAN Card or Passport (Foreign Nationals & NRIs)
Scanned copy of Voter’s ID/Passport/Driver’s License.
Scanned copy of the latest bank statement/telephone or mobile bill/electricity or gas bill.
Scanned passport-sized photograph specimen signature (blank document with signature [directors only]).
Sole Proprietorship Registration Procedure
  • ON DAY 1: Professional guidance on the many processes.
  • ON DAY 5: Our team will put you in touch with an established vendor.
  • ON DAY 16: Full assistance until you get the registration you've have chosen.
Pricing
Pay as your grow

Basic

all inclusive fees

₹2599

  • TAN Registration
  • Udyog Aadhar Registration
  • Accounting Technical Assistance
  • Current Account Opening Assistance

Standard

all inclusive fees

₹5399

  • TAN Registration
  • Udyog Aadhar Registration
  • Current Account Opening Assistance
  • GST Registration
  • 3 Months GST Return Filing (GSTR-1 or 3B)

Premium

all inclusive fees

₹14299

  • TAN Registration
  • Udyog Aadhar Registration
  • Current Account Opening Assistance
  • GST Registration
  • 3 Months GST Return Filing (GSTR-1 or 3B)
  • Bookkeeping
  • ITR-3 Return Filing
  • Trademark Filing
FAQs on Private Limited Company
What are the requirements to be a Proprietor?
The Proprietor must be an Indian citizen and a Resident of India. Non-Resident Indians and Persons of Indian Origin can only invest in a Proprietorship with prior approval of the Government of India
What is the capital required to start a Proprietorship?
There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
How will First Hand Holding help me start a Proprietorship?
Our associate will comprehend your business necessities and help you begin a Proprietorship by acquiring the important enrollments.
How to register the name of a Proprietorship?
There is no registry or regulation for the registering the name of a Proprietorship. Therefore, proprietorship firms can adopt any name that do not infringe on registered trademarks. Since there are no registry or regulation for registering the name of a Proprietorship, the only way to ensure exclusive use of the business name is to obtain a trademark registration of the business name.
Can I later convert my Proprietorship into a Company or LLP?
Yes, there are procedures for converting your Proprietorship business into a Company or a LLP at a later date. However, the procedures to convert a proprietorship business into a Company or LLP are cumbersome, expensive and time-consuming. Therefore, it is wise for many entrepreneurs to consider and start a LLP or Company instead of a Proprietorship.
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