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Author Topic: sole proprietor  (Read 1906 times)

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Offline jimmynagi

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sole proprietor
« on: November 17, 2013, 11:56:44 AM »
Hi All,

Can anyone tell me how to get register as sole proprietor,
Do i need to have shop that should be registered on my company name, although I will be selling goods only on online.

Offline advuma

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Re: sole proprietor
« Reply #1 on: November 17, 2013, 06:18:01 PM »
Since u are going to sell online company registration will be apt, secondly get hour vat card done ie maintain service tax record and payment
if u like my posting plz submit your comments

Hi, I am advocate Uma Saika, from Assam

Offline amanthapeterson

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Re: sole proprietor
« Reply #2 on: November 24, 2013, 09:21:16 PM »
For the one who are new to the such an business and sole proprietorship is the easiest field to start, has lower legal formalities and is fairly easy to tackle. A proprietorship business and its proprietor are a single entity in all legal matters. Indian law doesn’t treat the two differently as is the case with a company registered as a Private Ltd or a Public Ltd or even a Partnership firm. And in view of this, you are taxed at individual rates instead of the corporate rates. So it greatly reduces your tax formalities as you have to file only one personal income tax return. I think that information will be enough for the various people exploring in the same field.


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