Proprietorship Registration in Shastrinagar 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 upholding of documents. We have a teal of local staffs and professionals are who are skillful in dealing subsequently local departments and have concerns in every department which makes it easy for us to apply for and attain any local license. In Shastrinagar we take a minimum of 7 hours of daylight time to issue 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 concern is a hassle release business without any additional agreement related liability. One can Begin business lonely by submitting his KYC documents. If an buccaneer is looking to scrutinize to evaluate his Place of bill then this is the type of thing he needs to start from.
BENEFITS OF PROPRIETORSHIP FIRMS:
- Single Owner Concern, no involvement of external party
- Minimum Registration Cost
- No Registration linked Compliance
- Easy and faster registration
- Can be closed easily
DRAWBACKS OF PROPRIETORSHIP FIRMS:
- Not suited for high turnover business
- Limited Local recognition
- Switching into supplementary business form shall benefit to exhaustion of Brand Value
- Loss is borne on your own by the Owner and liability may extend to its personal property in exploit of loss