Proprietorship Registration in Jamtara 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 verification of documents. We have a teal of local staffs and professionals are who are clever in dealing taking into account local departments and have concerns in all department which makes it easy for us to apply for and get your hands on any local license. In Jamtara we accept a minimum of 7 morning time to event 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 little or he wants to fulfil minimum compliance. This type of thing is a hassle free business without any additional consent related liability. One can Begin business lonesome by submitting his KYC documents. If an traveler is looking to study to examine his area of conduct yourself then this is the type of thing he needs to Begin from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of uncovered 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 benefit to exhaustion of Brand Value
- Loss is borne forlorn by the Owner and answerability may extend to its personal property in prosecution of loss