REQUIREMENT & PROVISIONS
A sole proprietorship, also known as one man organization is called so because a single person owns, manages and controls the business. While it begins at your will without any registration but to receive payments in the name of your business you will have to open a valid current account in a bank. To open an account you would need a minimum of two identity proofs in the name of your business. Further to this we at SimpleITR aid you in not only commencing your business across India, if needed, but also assist you in getting the necessary license, help you with the accounting and filing of tax and in paying your GST. In short, while you are busy with your business, we’ll take the best care of your finances and help you enjoy the profits.
Advantages of being a sole proprietor :
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Planning to begin a sole proprietorship business in India?
The good news is that you can start your business in a day’s time that too without any registration formalities. All you need is a current account at a bank in the name of your business. So, prep up for a sole proprietorship firm registration in Mumbai with our integral assiatance.