Proprietorship Registration in Bikram Patna 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 assertion of documents. We have a teal of local staffs and professionals are who are proficient in dealing considering local departments and have concerns in all department which makes it easy for us to apply for and get bond of any local license. In Bikram Patna we take a minimum of 7 morning 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 start with Proprietorship Concern if the investment is little or he wants to fulfil minimum compliance. This type of business is a hassle clear business without any additional submission related liability. One can start business lonely by submitting his KYC documents. If an fortune-hunter is looking to probe to investigate his area of play a part then this is the type of thing he needs to Begin from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of external party
- Minimum Registration Cost
- No Registration aligned Compliance
- Easy and faster registration
- Can be closed easily
DRAWBACKS OF PROPRIETORSHIP FIRMS:
- Not suited for high turnover business
- Limited Local recognition
- Switching into further business form shall help to exhaustion of Brand Value
- Loss is borne lonely by the Owner and liability may extend to its personal property in case of loss