Sole Proprietorship Firm Registration Lets Anyone To Start Own Business

A Firm is an organization that is working toward a common goal . It may comprise of individuals or professionals who are working together under one roof under the guidance or leadership or single person or group of persons . A firm also has capital , asset , finance , funds and employees . The operations of the firms are different as depends on the work field of the firm . The difference in the nature of the firm bring different procedures that are used to register a firm .

The firm registration is a compulsory and it means the respective government has given the license to the businessmen to do their business . The registration brings complete credibility , authenticity , in terms of quality and legal business form . Then registration helps a firm to take the legal course in case of any wrongdoing by other firm or company . The sole proprietorship firm registration is the easiest way to start own business and test the idea in the market . The government of the India has also made it easy for anyone to establish a firm and start the business as a start up .

After the Firm registration services in Gurgaon, the firm has to open the current bank account on the name of the firm . The banks require only the certification in which name of the firm is mentioned as sole proprietorship firm . The requirement of the sole proprietorship business or firm is very easy and one does not need many documents . Just one person is needed to start the firm and get it registered . There is only a single owner of the business . And it is also easy to close the business . The cost of the formation is also less and one does not have to go through a lot of compliances .

Sale tax registration is mandatory for any organization that is engaged in the business of sale of goods in the country . Each state has established the criteria for the sale tax registration , some have kept the criteria at 5 lacs and others at 10 lac . After Sales Tax Registrations in Gurgaon firm gets a 11 digit number which also serves as TIN number for the firm or business . The services providers are also using the on line platform to provide the services and help the clients to get easy and fast registrations with few compliances and documentations at the low cost .