Proprietorship Registration in Masaudhi 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 skillful in dealing when local departments and have concerns in every department which makes it simple for us to apply for and purchase any local license. In Masaudhi we take a minimum of 7 hours of daylight time to thing 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 business is a hassle free business without any additional acceptance related liability. One can start business only by submitting his KYC documents. If an trailblazer is looking to evaluate to consider his area of exploit 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 partnered 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 lonesome by the Owner and responsibility may extend to its personal property in battle of loss