Proprietorship Registration in Chutia can be curtains 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 clever in dealing in the same way as local departments and have concerns in all department which makes it simple for us to apply for and make a get your hands on of any local license. In Chutia we accept a minimum of 7 hours of daylight time to matter 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 upon its own can Begin with Proprietorship Concern if the investment is small or he wants to fulfil minimum compliance. This type of matter is a hassle clear business without any additional agreement related liability. One can Begin business only by submitting his KYC documents. If an traveler is looking to evaluate to investigate his area of law then this is the type of event he needs to Begin from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of outdoor party
- Minimum Registration Cost
- No Registration related Compliance
- Easy and faster registration
- Can be closed easily
DRAWBACKS OF PROPRIETORSHIP FIRMS:
- Not suited for high turnover business
- Limited Local recognition
- Switching into extra business form shall gain to exhaustion of Brand Value
- Loss is borne solitary by the Owner and answerability may extend to its personal property in encounter of loss