Proprietorship Registration in Kantatoli 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 upon pre assertion of documents. We have a teal of local staffs and professionals are who are clever in dealing later local departments and have concerns in all department which makes it simple for us to apply for and purchase any local license. In Kantatoli we take a minimum of 7 day time to concern 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 little or he wants to fulfil minimum compliance. This type of situation is a hassle pardon business without any additional acceptance related liability. One can Begin business forlorn by submitting his KYC documents. If an speculator is looking to question to evaluate his area of affect then this is the type of matter he needs to start from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of outside party
- Minimum Registration Cost
- No Registration associated Compliance
- Easy and faster registration
- Can be closed easily
DRAWBACKS OF PROPRIETORSHIP FIRMS:
- Not suited for tall turnover business
- Limited Local recognition
- Switching into supplementary business form shall gain to exhaustion of Brand Value
- Loss is borne without help by the Owner and responsibility may extend to its personal property in battle of loss