Proprietorship Registration in Digha 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 on pre upholding of documents. We have a teal of local staffs and professionals are who are clever in dealing when local departments and have concerns in every department which makes it easy for us to apply for and purchase any local license. In Digha we take a minimum of 7 daylight time to situation 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 thing is a hassle forgive business without any additional consent related liability. One can start business only by submitting his KYC documents. If an pioneer is looking to dissect to consider his Place of perform then this is the type of business he needs to start from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of uncovered party
- Minimum Registration Cost
- No Registration associated 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 help to exhaustion of Brand Value
- Loss is borne by yourself by the Owner and answerability may extend to its personal property in stroke of loss