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An unincorporated business that has just one owner who pays personal income tax on profits earned from the business. The easiest type of business to establish.
The debts of the sole proprietorship are also the debts of the owner.
Registration of proprietorship business is mandatory to sue third party.
Shop and Establishment
You’re The Boss
You Keep All The Profits
Start-Up Costs Are Low
You Have Maximum Privacy
Establishing And Operating Your Business Is Simple
It’s Easy to Change Your Legal Structure Later If Circumstances Change You Can Easily Wind up Your Business.
Documents you will need
Aadhar / Voter ID / Driving licence / Passport
The Address proof of the member and nominee along with the Proof of the registered place of business (Ownership documents/ rent or lease agreement) or any bill in relation to electricity /landlord bill / bank statement.
The photos of the member and nominee should submit for the clarification and proof of the concerned person.
The PAN card of the member and nominee.
Digital signature is the electronic signature format of the partners for the purpose of e-filing the incorporation of LLP.
No objection certificate by the owner / landlord must be enclosed.
Passport of the partner is required in case of any Non-Resident Indian (NRI) / Foreign National partners.
Mobile Number and Email ID
Contact information of partners
Bank Statement copies of each partner and of the firm.
Electricity bill not older than 2 months of the registered address of the company.
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