Hire a chartered accountant for Proprietorship Firm Registration in Ghaziabad
A chartered accountant not only helps with financial advisory services but also help with an important task like proprietorship registration. It is an integral part of the functioning of the company that you may own.
Details of Proprietorship Firm Registration
If the owner and the business entity are one and the same or there is only one owner, then you would need to register proprietor ownership. It would help the business function well. It also helps assess and fulfill all tax requirements.
Documents Required for a Proprietorship Firm Registration
Here is a list of documents that you will need for proprietorship registration.
- Identity proof - Aadhar Card, PAN Card, Bank Account
- Registered office proof - Proof of the rented property or NOC from the landlord. If self-owned property, then electricity bill as proof will do.
Step by step process for a Proprietorship Firm Registration
Once you have all the documents ready, contact a tax expert like a CA. He will guide you through the process or do the registration on your behalf for a small fee.
Eligibility
A sole proprietor can get this kind of registration done. You can also get it done if you are any one of the following
- an online of the offline service provider
- traders selling goods
- a business who manufacture goods
Charges for a Proprietorship Firm Registration
In general, a CA will charge you a fixed amount for doing the registration for you. It is better to discuss the fees before delegating the task to the CA. The fees can be anywhere between Rs. 500 to Rs. 20,000 depending on all the associated documentation that is required. It approximately takes ten days to get the registration certificate.
Other registrations that you may need in order to obtain a proprietor registration are TAN registration or GST.
In the case of TAN or Tax Deduction and Collection, the number is not required by all types of proprietors. Only an expert can tell you if you need the number or not.
As for GST or Goods and Services Tax, you may need it if you annually make more than Rs. 20 lakhs. There are other clauses that might make a GST or GSTIN number necessary for the purpose of your registration.
Consult a tax associate or chartered accountant in Ghaziabad to know more about your state obligation. Once you have all the documents and supporting documents ready, you will get the registration done smoothly. As the nature of business and tax structures are quite complicated to understand, it is best to get help from professionals. A chartered accountant will guide you with all the required documentation so that you can start your business as soon as possible.
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