Bhakat Associates is a reputable company registration service provider in India that offers quick and efficient registration services for various types of businesses, including Proprietorship Firms. Proprietorship Firms, also known as sole proprietorships or simply ownerships, are businesses that are owned and operated by a single person, with no legal distinction between the owner and the business entity. The proprietor has direct control over all aspects of the business and is legally responsible for its finances, including debts, loans, and losses. Registering a Proprietorship Firm in Kolkata is straightforward and easy, requiring only the owner’s PAN Number, necessary licenses, and investment.
To register a Sole Proprietorship Firm, you will need to gather all the required documents and undergo KYC (Know Your Customer) verification. The next step is to choose a name for your business. While formal registration is not mandatory for a Sole Proprietorship Firm, you will need to open a bank account in the name of your business.
Additionally, you can choose to register your business as a Small and Medium Enterprise (SME) under the MSME Act, which is not mandatory but can be beneficial. If your turnover exceeds Rs 20 lakh, you will also need to register for Goods and Services Tax (GST). Obtaining Shop and Establishment registration is also recommended.
Once you have all the necessary documents and registrations, you can submit them on the government portal for Firm Registration. After receiving approval from the government, you will be issued a Firm Registration and GST Certificate, which will be sent to your registered email ID.
No matter what type of business you want to run or the industry you belongs to, Bhakat Associates will take care of the registration process with our easy and affordable services.