Proprietorship Registration in Beur Patna can be over and done with by either making a Trade License or making a Shop and Establishment License. Both of these licenses are issued by local department based upon pre statement of documents. We have a teal of local staffs and professionals are who are skilled in dealing bearing in mind local departments and have concerns in all department which makes it easy for us to apply for and purchase any local license. In Beur Patna we take a minimum of 7 hours of daylight time to concern Trade License or Shop and Establishment License.
Shop and Establishment License issued is for lifetime validity till it is suspended or surrendered, while Trade License is subject to regular renewal and verification.
Any person desirous of starting a business on its own can start with Proprietorship Concern if the investment is little or he wants to fulfil minimum compliance. This type of event is a hassle pardon business without any additional consent related liability. One can Begin business by yourself by submitting his KYC documents. If an investor is looking to consider to study his Place of play a role then this is the type of issue he needs to Begin from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of uncovered party
- Minimum Registration Cost
- No Registration united Compliance
- Easy and faster registration
- Can be closed easily
DRAWBACKS OF PROPRIETORSHIP FIRMS:
- Not suited for high turnover business
- Limited Local recognition
- Switching into supplementary business form shall gain to exhaustion of Brand Value
- Loss is borne isolated by the Owner and answerability may extend to its personal property in achievement of loss