Proprietorship Registration in Kolkata can be ended by either making a Trade License or making a Shop and Establishment License. Both of these licenses are issued by local department based on pre avowal of documents. We have a teal of local staffs and professionals are who are expert in dealing afterward local departments and have concerns in every department which makes it easy for us to apply for and buy any local license. In Kolkata we accept a minimum of 7 day 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 start with Proprietorship Concern if the investment is small or he wants to fulfil minimum compliance. This type of business is a hassle release business without any additional consent related liability. One can Begin business lonesome by submitting his KYC documents. If an buccaneer is looking to evaluate to examine his area of accomplish then this is the type of concern he needs to start from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of outdoor party
- Minimum Registration Cost
- No Registration similar Compliance
- Easy and faster registration
- Can be closed easily
DRAWBACKS OF PROPRIETORSHIP FIRMS:
- Not suited for tall turnover business
- Limited Local recognition
- Switching into other business form shall improvement to exhaustion of Brand Value
- Loss is borne unaccompanied by the Owner and responsibility may extend to its personal property in court case of loss