Proprietorship Registration in Godda can be finished 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 pronouncement of documents. We have a teal of local staffs and professionals are who are expert in dealing later local departments and have concerns in every department which makes it simple for us to apply for and purchase any local license. In Godda we accept a minimum of 7 hours of daylight time to situation 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 small or he wants to fulfil minimum compliance. This type of concern is a hassle free business without any additional acceptance related liability. One can start business unaided by submitting his KYC documents. If an fortune-hunter is looking to study to study his area of feint then this is the type of thing he needs to Begin from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of outdoor party
- Minimum Registration Cost
- No Registration amalgamated Compliance
- Easy and faster registration
- Can be closed easily
DRAWBACKS OF PROPRIETORSHIP FIRMS:
- Not suited for high turnover business
- Limited Local recognition
- Switching into other business form shall plus to exhaustion of Brand Value
- Loss is borne on your own by the Owner and liability may extend to its personal property in skirmish of loss