Proprietorship Registration in Fatuha 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 assertion of documents. We have a teal of local staffs and professionals are who are skillful in dealing later local departments and have concerns in every department which makes it easy for us to apply for and obtain any local license. In Fatuha we accept a minimum of 7 morning 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 on its own can Begin with Proprietorship Concern if the investment is small or he wants to fulfil minimum compliance. This type of business is a hassle clear business without any additional agreement related liability. One can start business unaccompanied by submitting his KYC documents. If an buccaneer is looking to question to question his Place of behave then this is the type of concern he needs to start from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of external 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 additional business form shall benefit to exhaustion of Brand Value
- Loss is borne and no-one else by the Owner and responsibility may extend to its personal property in warfare of loss