Please Help: how to get register sole proprietorship
Posted Date : 14-Jan-2012 , 02:27:34 pm | Posted By: Shambhu
Category :
Service Tax | Answers :
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Comments :
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what is the procedure to get register sole proprietorship in east delhi ...if anyone knows plz help me
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Answers:
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 Answer by: PRIYANKA |
| There is no way of registering a sole propritorship..If u want that a particular name in which u r carrying on ur business should not be used by anyone else..then u should go for trademark registration. Through that no one else will be ever able to use that name. Secondly, If u want to open a current bank account in a bank with the name of that proprietorship, they will ask you for some kind of registration , ( earlier it was easy to open a bank account in the name of proprietorship without any kind of registration , but nowadays its not ) be it under VAT dept, or Service tax dept, Or PF , ESI or anyother like dept. So, depending on the nature of work being carried out under that proprietorship, obtain registration under the suitable act as may be applying to ur propritorship firm, And based on that registration u will be able to open a current bank account and hence an identity of your proprietorship firm will get estabilished. One more thing, u should be aware of this thing, ITR of sole proprietorship is filed in the name of proprietor and not in the name of proprietorship firm. Its basically the PAN of proprietor only that will be used in everykind of registration of proprietorship firm, As proprietor and his/her proprietorship firm are not two seperate legal entities.
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| Comments |
| Posted By : Lavina Bajaj |
17-Jan-2012, 03:22:26 |
| the basic feature that distinguishes a prop firm from a company is that only that u dont need reg for the same...make the name...take the premises and continue with the buss... |
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| Posted By : CA Vinod Kumar |
16-Jan-2012, 06:01:26 |
| Dear Sambhu,
Please advice your client to open a current Account in any bank,,,,its sufficient requirement,,,,hope the above suffice,, |
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| Posted By : PANKAJ BANSAL |
16-Jan-2012, 05:33:12 |
| There is no way to register a prop. firm. |
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| Posted By : Rishabh Upadhyay |
14-Jan-2012, 03:21:43 |
| A sold prop. Does not require a registration. . If you are concerned about the name being used by someone else. . Than you can take the copy right of the same. |
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