Proprietorship Registration in Patna 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 verification of documents. We have a teal of local staffs and professionals are who are expert in dealing in the circulate of local departments and have concerns in all department which makes it easy for us to apply for and obtain any local license. In Patna we accept a minimum of 7 morning 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 upon its own can Begin with Proprietorship Concern if the investment is small or he wants to fulfil minimum compliance. This type of matter is a hassle release business without any additional consent related liability. One can Begin business lonely by submitting his KYC documents. If an trailblazer is looking to investigate to dissect his area of ham it up then this is the type of issue he needs to Begin from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of outdoor party
- Minimum Registration Cost
- No Registration aligned Compliance
- Easy and faster registration
- Can be closed easily
DRAWBACKS OF PROPRIETORSHIP FIRMS:
- Not suited for tall turnover business
- Limited Local recognition
- Switching into other business form shall pro to exhaustion of Brand Value
- Loss is borne forlorn by the Owner and liability may extend to its personal property in lawsuit of loss