Proprietorship Registration in Kankarbagh can be done 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 pronouncement of documents. We have a teal of local staffs and professionals are who are skilled in dealing in the same way as local departments and have concerns in all department which makes it simple for us to apply for and make a get hold of of any local license. In Kankarbagh we take a minimum of 7 day time to business 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 small or he wants to fulfil minimum compliance. This type of issue is a hassle forgive business without any additional submission related liability. One can start business single-handedly by submitting his KYC documents. If an fortune-hunter is looking to examine to question his Place of feign 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 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 other business form shall pro to exhaustion of Brand Value
- Loss is borne isolated by the Owner and liability may extend to its personal property in proceedings of loss