Proprietorship Registration in Purnia 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 announcement of documents. We have a teal of local staffs and professionals are who are expert in dealing when local departments and have concerns in all department which makes it simple for us to apply for and come by any local license. In Purnia 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 on 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 forgive business without any additional acceptance related liability. One can Begin business on your own by submitting his KYC documents. If an pioneer is looking to explore to question his area of proceed 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 tall turnover business
- Limited Local recognition
- Switching into new business form shall pro to exhaustion of Brand Value
- Loss is borne only by the Owner and responsibility may extend to its personal property in case of loss