Proprietorship Registration in Dhanbad 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 assertion of documents. We have a teal of local staffs and professionals are who are proficient in dealing behind local departments and have concerns in every department which makes it easy for us to apply for and get your hands on any local license. In Dhanbad we take a minimum of 7 hours of daylight time to issue 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 little or he wants to fulfil minimum compliance. This type of issue is a hassle free business without any additional submission related liability. One can start business only by submitting his KYC documents. If an opportunist is looking to study to explore his area of action then this is the type of business 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 supplementary business form shall improvement to exhaustion of Brand Value
- Loss is borne lonesome by the Owner and liability may extend to its personal property in achievement of loss