Our development is supported by our unwavering base of A Sole ownership is a business which is claimed, overseen and constrained by a solitary individual. It is a standout amongst the most well-known type of business in India, used by private ventures working in the sloppy areas. Ownership is perceived by different enrollments, for example, an administration or deals charge enlistment. It has an excessive number of weaknesses, for example, boundless obligation of owner, and it doesn't have consistent presence. Thus it is considered by little shippers and merchants as a business structure. Sole Proprietorship Registration is done through Rapid Tunnel Servicz
A sole ownership is a kind of unregistered business substance that is claimed, overseen and constrained by one individual. Sole ownership's are a standout amongst the most widely recognized types of business in India, utilized by most smaller scale and private ventures working in the chaotic parts. Ownerships are anything but difficult to begin and have extremely insignificant administrative consistence necessity for began and working. Be that as it may, after the startup stage, ownership's don't offer the advertiser a large group of advantages, for example, constrained obligation ownership, corporate status, separate lawful substance, autonomous presence, transferability, never-ending presence - which are attractive highlights for any business. Along these lines, ownership enlistment is fit just for sloppy, independent companies that will stay little or potentially have a restricted time of presence.
Important Features of Sole Proprietorship Firm
Proprietorship can start immediately at the will of the proprietor and obtain GST Registration in 30 Days of starting operations.
The income of the proprietorship is included in the income of proprietor itself. Hence slab based tax rates apply resulting in tax benefit.
No Foreign Funding
A proprietorship cannot be funded with foreign money, and it can be owned only by Indians & NRI with some conditions.
Easy to Close
Business may be closed easily, just surrender all registrations and licenses obtained in the name of the proprietorship business.