Proprietorship, individual entrepreneurship, sole trader, and sole proprietorship all refer to the same business entity, which is ideal for small businesses such as grocery stores, chemist shops, small food joints, small travel agencies, and online product selling on Amazon, Flipkart, and other selling portals. After sole registration, you may use a trade name or business name other than their or its legal name, and you can also legally trademark your business name.
A proprietorship registration is needed for the individual owned business for doing business,
hence it is recommended to get the given registrations in order to run the business function
smoothly and legally. An individual could select any form of registration from the below:
• Shop and Establishment Registration under the laws of the individual states
• Registering as SME
• GST Registration
Partnership firms are created by drafting a partnership deed amongst the partners. Power of Factorial offers reliable services to start a registered or unregistered partnership firm in Bangalore.
#1 KYC of Applicant i.e Pan Card + Aadhar Card or Voter or Driving or Passport etc
#2 Firm Address Proof : Electricity Bills copy or gas bill or phone bill etc. (No issues if it’s on other names)
#3For the GST Additional :
#4 Passport Size Photograph of the applicant
#5 Personal Bank Account Cancel Cheque or Bank Statement or Passbook Front Page anyone.
Person Required as Single Entrepreneur
Single Owner of the Business
Easy to Start and Easy to Close
Lower Cost of Formation and Compliance.