Is it necessary to register the Sole Proprietorship firm in India?

No.

There is no formal registration is required for a sole proprietorship. You simply have to open a bank account with the name & style you want to work. But if you are liable for state VAT or service tax registration, then you have to obtain VAT and/or service tax registration. Further, for sole proprietorship, no separate income tax PAN is required. The PAN of the proprietor will be the PAN of the firm and proprietor will have to file income tax return in his personal name.

Now after announcement of KYC norms by RBI, it is mandatory to have at least two registration in the name of sole proprietorship firm. So now you have to submit two documentary proof for the name of sole proprietorship firm. Normally owner can get registration under shop & establishment act and under service tax or VAT.

 

Visit our new website: www.mukeshraj.com

 

  • Vivek

    Thanks for the explanation.

    We are a small software development firm (Sole Proprietorship) and have a bank account in the name our company.

    We mostly do work for our clients in Australia. Now are we required to obtain a VAT or Service Tax registration?

    Since we do not have any clients in India and do not provide our services locally, I feel Service Tax or VAT registration is not required.

    Please suggest.

    Thanks,

    Vivek

    • Virendra

      YES as far as i know for 100% export earning on BPO type job there is no VAT/Service tax registration/taxation

  • Vivek

    Thanks for the explanation.

    We are a small software development firm (Sole Proprietorship) and have a bank account in the name our company.

    We mostly do work for our clients in Australia. Now are we required to obtain a VAT or Service Tax registration?

    Since we do not have any clients in India and do not provide our services locally, I feel Service Tax or VAT registration is not required.

    Please suggest.

    Thanks,

    Vivek

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Vivek,

    As i understand from your information that VAT will not be applicable on you. But Service tax registration is required even you are exempt due to export of services. If you are exporter of service then tax laibility will be nil but you are laible for registration under both the law.

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Vivek,

    As i understand from your information that VAT will not be applicable on you. But Service tax registration is required even you are exempt due to export of services. If you are exporter of service then tax laibility will be nil but you are laible for registration under both the law.

    • http://nil parvathy subramanian

      Dear Mr. Mukesh,

      I want to start a current account with SBI in the name of my budding firm and they are asking for Registration Certificate. Kindly guide me as to what to do. Is it necessary to register a sole proprietorship firm?

      With regards,
      parvathy

  • Rajesh Verma

    Dear Mr. Mukesh,
    I want to open a Sole Proprietorship. As i understand your replies, registration is not reuired. But my Proprietorship’s name e.g. “XYZ consultants” just might clash with some other in india. How to ensure that noboby else claims the name . Can we still register the name somewhere?After all, this prop may develop into a big company later.

    Thanks

  • Rajesh Verma

    Dear Mr. Mukesh,
    I want to open a Sole Proprietorship. As i understand your replies, registration is not reuired. But my Proprietorship’s name e.g. “XYZ consultants” just might clash with some other in india. How to ensure that noboby else claims the name . Can we still register the name somewhere?After all, this prop may develop into a big company later.

    Thanks

  • http://www.mukeshraj.com/ mukeshrajco

    You can use any name for your propertierhip firm but if any other person already have a trade mark for the same then you can not use the same. So either you register a trade mark and then start the wok as sole proprietor. If you already know that any company already using the name then please avoid clash. Supose you use a name “Shyam traders” and you know that no such brand of shyam tradres as such then as many comany can use the same name but if anybody has the trademark as shyam traders then you can not use the same. Trademark are given for a particular catagory of product and services so you can use same name for other catagory of product and services.

    • Zarina Khan

      Sir, Is  possible to have multiple sole propritership firm.suupose

      ABC technologies INC  and another  name 
      ZYH Technologies INC ?

      • Anonymous

        Yes, You can have multiple sole proprietorship firms under same proprietor.

        • Zarina Asia

          Sir ,Thank-you

        • MJAY

          can we have two different proprietorship firms under same proprietor AT A SINGLE ADDRESS

          • http://www.mukeshraj.com/ Mukesh Goel

            Yes, you can have two different proprietorship firms under same proprietor AT A SINGLE ADDRESS.

  • http://www.mukeshraj.com/ mukeshrajco

    You can use any name for your propertierhip firm but if any other person already have a trade mark for the same then you can not use the same. So either you register a trade mark and then start the wok as sole proprietor. If you already know that any company already using the name then please avoid clash. Supose you use a name “Shyam traders” and you know that no such brand of shyam tradres as such then as many comany can use the same name but if anybody has the trademark as shyam traders then you can not use the same. Trademark are given for a particular catagory of product and services so you can use same name for other catagory of product and services.

  • http://--- malaika

    dear sir,

    from the information i gather,i learnt that a proprietership firm can be started from my residence even if i am on rent….

    i would be working for my clients in india and abroad….i would work as a laisoner (a middle person) between a buyer and seller, so would i have to register for service tax?

    what perecentage of income do i pay on service tax when its above 10 lakhs anually?is it 12 %?
    what if i have losses after earning Rs. lakhs?

    i am using my own PAN number for this firm?

    can i register a propriertship with a trade mark as
    xyz corporation or xyz international or even xyz consultants? are these names allowed in such firms?

    can i develop a website for this type of firm.

    thankyou.
    malaika.

  • http://www.mukeshraj.com/ mukeshrajco

    Ms. Malika,
    Commission Income is liable for service tax if exceeds Rs. 10 laks in a financial year. Service tax is @12.36% currently (12% plus 3% education cess). Service tax is not concerned with profit or loss from the services if you received money by providing services, you are liable for the tax. Regarding name of the sole proprietorship, i have already explained that there is no such restrictaion on name but you can’t use the trade mark of any other company.
    You can develop website for you business.

  • http://www.mukeshraj.com/ mukeshrajco

    Ms. Malika,
    Commission Income is liable for service tax if exceeds Rs. 10 laks in a financial year. Service tax is @12.36% currently (12% plus 3% education cess). Service tax is not concerned with profit or loss from the services if you received money by providing services, you are liable for the tax. Regarding name of the sole proprietorship, i have already explained that there is no such restrictaion on name but you can’t use the trade mark of any other company.
    You can develop website for you business.

  • Vishal manchala

    Dear Sir,

    Thanks for the very useful info and your answers,

    I also have a specific query and I will be very thankful for you if you can help me with this

    I’m planning to start a website which wil contain su kind of classifieds and other advertisements and will have free service to end users, in this I will generate some money from the advertisers who wish to advertise on my website…in different forms

    in this I may have to issue some receipts for the amount which I wil take from advertisers my advertisers wil be sum provisional stores, hostels etc

    for this should I register it as a company or a sole proprietorship? and what are other documents required like VAT, service tax etc…

    I want to start it in Hyderabad

    Please do reply me, Im waiting very eagerly for your reply

    Thank you sir

  • Vishal manchala

    Dear Sir,

    Thanks for the very useful info and your answers,

    I also have a specific query and I will be very thankful for you if you can help me with this

    I’m planning to start a website which wil contain su kind of classifieds and other advertisements and will have free service to end users, in this I will generate some money from the advertisers who wish to advertise on my website…in different forms

    in this I may have to issue some receipts for the amount which I wil take from advertisers my advertisers wil be sum provisional stores, hostels etc

    for this should I register it as a company or a sole proprietorship? and what are other documents required like VAT, service tax etc…

    I want to start it in Hyderabad

    Please do reply me, Im waiting very eagerly for your reply

    Thank you sir

  • http://www.mukeshraj.com/ mukeshrajco

    Vishal manchala,
    Initially it will better to start a sole proprietorship instead of the company as company incorporation and maintenance cost is high. Further in your case only service tax is applicable and VAT is NOT applicable.

  • http://www.mukeshraj.com/ mukeshrajco

    Vishal manchala,
    Initially it will better to start a sole proprietorship instead of the company as company incorporation and maintenance cost is high. Further in your case only service tax is applicable and VAT is NOT applicable.

  • Vishal manchala

    Thank you for your reply sir

  • Vishal manchala

    Thank you for your reply sir

  • http://www.maksazone.com Maksa

    thanks for providing good information.

    what are charges for Trade Mark in india? can we also TM company LOGO or Tag Line?

  • http://www.maksazone.com Maksa

    thanks for providing good information.

    what are charges for Trade Mark in india? can we also TM company LOGO or Tag Line?

  • shivanand

    proprietership firm can be started from my residence even if i am on rent….
    My business nature is reselling software and solution service
    Which legal documentation need for it

  • shivanand

    proprietership firm can be started from my residence even if i am on rent….
    My business nature is reselling software and solution service
    Which legal documentation need for it

    • AMIT AGARWAL

      how & where registration of sole proprietorship.

  • pankaj

    Hi MUkesh,

    Your responses are very informative. I have one more query.

    I have recently started providing consultancy services and bill my clients. But I haven’t registered for service tax and all. Also I read somewhere that if my turn over is less than 8 lakhh then there is no need to pay services tax.

    Please clear.

    Regards
    pankaj

  • pankaj

    Hi MUkesh,

    Your responses are very informative. I have one more query.

    I have recently started providing consultancy services and bill my clients. But I haven’t registered for service tax and all. Also I read somewhere that if my turn over is less than 8 lakhh then there is no need to pay services tax.

    Please clear.

    Regards
    pankaj

  • Ashish

    Mr. Mukeshraj,

    Thanks for your valuable sugesstion you have been giving to others. I have some doubts if you can clarfy.

    I want to start a business related to the Aviation & Hospitality Training Academy in India. I wish that to be a proprietorship company.

    Now as you said it is not required to get registered, but when I went to the bank to open a current again,m they are aksing for company registration document, although I told them it is a propt company. Still .. what to do here ?

    Secondly, the trade mark I am plaaning to use say for XYZ is used or registered by some company already whcih I have checked.

    But their services are into security etc, not from my industry. Can I sitll use the same trade mark as XYZ Aviation ? Please confirm.

    Being an Academy for training, what taxes am I liable for. And where should I register for the taxes.

    Would really appreciater if you can answer all my query.

    Regards,
    Ashish

  • Ashish

    Mr. Mukeshraj,

    Thanks for your valuable sugesstion you have been giving to others. I have some doubts if you can clarfy.

    I want to start a business related to the Aviation & Hospitality Training Academy in India. I wish that to be a proprietorship company.

    Now as you said it is not required to get registered, but when I went to the bank to open a current again,m they are aksing for company registration document, although I told them it is a propt company. Still .. what to do here ?

    Secondly, the trade mark I am plaaning to use say for XYZ is used or registered by some company already whcih I have checked.

    But their services are into security etc, not from my industry. Can I sitll use the same trade mark as XYZ Aviation ? Please confirm.

    Being an Academy for training, what taxes am I liable for. And where should I register for the taxes.

    Would really appreciater if you can answer all my query.

    Regards,
    Ashish

  • Arun B

    Dear Sir,

    I am Running Small Business of Consultancy (Where I am involve in Marketing Activities for Various Educational Institutes and Financial Services Providers) and now I am planning to start Recruitment Services also.

    Do I need Any registration ?

    If Yes ! Do I need to register all three services separably or I can do all business in One name.

    I want to have a Unique Name so that No one else can use the same, How can I do that?

    What are the various Transaction which comes under Taxes (any type of Tax Eg. Service,VAT or any Other)

    I am giving you an Idea about our transaction

    We organize Events-
    Amount Charged for Stall booking(Suppose Stall Charges are 15000 Do we need to collect any Tax from Participant or Do we need to pay any taxes or amount collected form Stall Booking)

    We Promote them through Our site and our magazine (we collect their advt) is it taxable if yes who need to pay the taxes, We or the other party

    Financial Services & Placement Consultancy-
    We receive commission for Referring candidates, so TDS will be deducted by the company what is the limit for that.

    If we are charging some amount as Consultancy Charges for any client- any taxes Applicable on that. is there any provision of TDS for our client or we need to charge it from client as xyz+taxes

    I know That Asking about very small and basis issues that may even irritate you.

    But please try to answer me as it will help me A lot.

    reply me through Mail @ akbapna@gmail.com

    Regards & best wishes
    Thanks

  • Arun B

    Dear Sir,

    I am Running Small Business of Consultancy (Where I am involve in Marketing Activities for Various Educational Institutes and Financial Services Providers) and now I am planning to start Recruitment Services also.

    Do I need Any registration ?

    If Yes ! Do I need to register all three services separably or I can do all business in One name.

    I want to have a Unique Name so that No one else can use the same, How can I do that?

    What are the various Transaction which comes under Taxes (any type of Tax Eg. Service,VAT or any Other)

    I am giving you an Idea about our transaction

    We organize Events-
    Amount Charged for Stall booking(Suppose Stall Charges are 15000 Do we need to collect any Tax from Participant or Do we need to pay any taxes or amount collected form Stall Booking)

    We Promote them through Our site and our magazine (we collect their advt) is it taxable if yes who need to pay the taxes, We or the other party

    Financial Services & Placement Consultancy-
    We receive commission for Referring candidates, so TDS will be deducted by the company what is the limit for that.

    If we are charging some amount as Consultancy Charges for any client- any taxes Applicable on that. is there any provision of TDS for our client or we need to charge it from client as xyz+taxes

    I know That Asking about very small and basis issues that may even irritate you.

    But please try to answer me as it will help me A lot.

    reply me through Mail @ akbapna@gmail.com

    Regards & best wishes
    Thanks

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Arun

    I think you should take proper consultancy from any chartered accountant or contact us personaly.
    As per you question, i think all the services are covered under the service tax and you can provide all the service under one business name. Further to protact your trade name to be used by others, you register your trade mark.

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Arun

    I think you should take proper consultancy from any chartered accountant or contact us personaly.
    As per you question, i think all the services are covered under the service tax and you can provide all the service under one business name. Further to protact your trade name to be used by others, you register your trade mark.

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Ashish,

    You can register yourself with the service tax department, because your services any way taxable under the service tax (but exepmt till Rs. 10 lakh) . Otherwise you can take a certificate from the chartered accountant about the proprietorship and give it to the bank as compnay’s proof. For trade mark you should apply for search of name then they will tell you about the availablity. Normally trade markes are allowed for a particular catagory of goods nad services, so if anybody have a trademark in some other catagory then you can register it in some other catagory.

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Ashish,

    You can register yourself with the service tax department, because your services any way taxable under the service tax (but exepmt till Rs. 10 lakh) . Otherwise you can take a certificate from the chartered accountant about the proprietorship and give it to the bank as compnay’s proof. For trade mark you should apply for search of name then they will tell you about the availablity. Normally trade markes are allowed for a particular catagory of goods nad services, so if anybody have a trademark in some other catagory then you can register it in some other catagory.

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Pankaj,

    This is a big problem in india that we don’t have any system for the registration of the sole proprietorship business. It is also true that if your turnover is less than Rs.8 lakh per annum then no need for service tax registration. But if you think that in future you wil cross this limit otr it is difficult to get business without service tax then you can get services registration even before the turnover of Rs.8 lakhs.

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Pankaj,

    This is a big problem in india that we don’t have any system for the registration of the sole proprietorship business. It is also true that if your turnover is less than Rs.8 lakh per annum then no need for service tax registration. But if you think that in future you wil cross this limit otr it is difficult to get business without service tax then you can get services registration even before the turnover of Rs.8 lakhs.

  • amankohli

    sir i want to open my own event company that to with some partners. so do i hav to register my self . if yes then what all thing will be required.

  • amankohli

    sir i want to open my own event company that to with some partners. so do i hav to register my self . if yes then what all thing will be required.

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Aman,

    Since there are more than one person in the business ownership then you have two options (i) Partnership Firm (ii) A private limited company. Now it’s your choice whether you want to start a partnership or a private limited company. You will more detail on my blog related to the partnership firm and company

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Aman,

    Since there are more than one person in the business ownership then you have two options (i) Partnership Firm (ii) A private limited company. Now it’s your choice whether you want to start a partnership or a private limited company. You will more detail on my blog related to the partnership firm and company

  • http://www.propertydada.com kanhaiya

    Dear Sir,

    I am a engg. college student, and going to start a webservices company, for that i require private limited registration(as it is must for my customer faith in me)… Due to being a student i dont have so much fund.. so i thought to register company online… i understood allmost everything except Memorandum and article of association… how to prepare these things and how to get it drafted… so i will bw very thankful if u assist me…. Can i get a sample copy of MOA and AOA, so that i will get an idea of it…Please help

  • http://www.propertydada.com kanhaiya

    Dear Sir,

    I am a engg. college student, and going to start a webservices company, for that i require private limited registration(as it is must for my customer faith in me)… Due to being a student i dont have so much fund.. so i thought to register company online… i understood allmost everything except Memorandum and article of association… how to prepare these things and how to get it drafted… so i will bw very thankful if u assist me…. Can i get a sample copy of MOA and AOA, so that i will get an idea of it…Please help

  • http://www.propertydada.com kanhaiya

    and one more question, i have ssen some companies name like ebrandz INC.
    what does this INC mean, and is there any any registration to keep this name,

  • http://www.propertydada.com kanhaiya

    and one more question, i have ssen some companies name like ebrandz INC.
    what does this INC mean, and is there any any registration to keep this name,

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Kanhiya,

    To incorporate a company you must hire a professional consultant i.e. Chartered accountnat or Company Secretary. MOA and AOA are normally a standard documents except some changes company to company. If you are in Delhi NCr or Mumbai then we can help to incorporate the company.
    INC means incorporated and this used in USAnot in india as we use private limited. You can not use word “INC” in india for a private limited company. As a sole proprietorship you can use INC or any name.

  • http://www.mukeshraj.com/ mukeshrajco

    Mr. Kanhiya,

    To incorporate a company you must hire a professional consultant i.e. Chartered accountnat or Company Secretary. MOA and AOA are normally a standard documents except some changes company to company. If you are in Delhi NCr or Mumbai then we can help to incorporate the company.
    INC means incorporated and this used in USAnot in india as we use private limited. You can not use word “INC” in india for a private limited company. As a sole proprietorship you can use INC or any name.

  • Amit Verma

    Hi Mukesh,

    I am a B.Tech graduate from IIT Roorkee, worked in financial services for 2 years and currently working as Business Development Manager in Insurance Industry, but as per my interest in setting up my own venture, i want to set a company, sole proprietorship, coz as far as i know registration process is fast and low in cost for this structure. I am planning to enter in marketing where i will be catering differents to the customers via a team of employees catering the products directly to customers, my revenues will be comissions which i will be getting for selling the products and from this i will giving salaries to my employees. I do have plans of offering several other services and venturing into manufacturing businesses down the line. I have few querries
    1) Do i need to have registration before starting OR i can start operating before registration and register later.
    2) As i am getting salary also, then how the taxes will be applicable for both my salary and income from business, and would i be required to file taxes once a year or at some other interval, also would i be required to keep Financial statements for the company.
    3) Can a sole proprietorship company be converted to Pvt Ltd, and if yes then will the process be lengthy&costly, or will it be same as i would have beared while registring it as Pvt. ltd at the start, and can we keep the name of company same after conversion
    4) i would certainly will entering in manufacturing business also, please advice can i start manufacturing business also under proprietorship, or would i need registration as pvt. ltd.

    Please advice the easiest and low cost method which can help me in starting my business endeavour

    Regards,
    Amit

  • Amit Verma

    Hi Mukesh,

    I am a B.Tech graduate from IIT Roorkee, worked in financial services for 2 years and currently working as Business Development Manager in Insurance Industry, but as per my interest in setting up my own venture, i want to set a company, sole proprietorship, coz as far as i know registration process is fast and low in cost for this structure. I am planning to enter in marketing where i will be catering differents to the customers via a team of employees catering the products directly to customers, my revenues will be comissions which i will be getting for selling the products and from this i will giving salaries to my employees. I do have plans of offering several other services and venturing into manufacturing businesses down the line. I have few querries
    1) Do i need to have registration before starting OR i can start operating before registration and register later.
    2) As i am getting salary also, then how the taxes will be applicable for both my salary and income from business, and would i be required to file taxes once a year or at some other interval, also would i be required to keep Financial statements for the company.
    3) Can a sole proprietorship company be converted to Pvt Ltd, and if yes then will the process be lengthy&costly, or will it be same as i would have beared while registring it as Pvt. ltd at the start, and can we keep the name of company same after conversion
    4) i would certainly will entering in manufacturing business also, please advice can i start manufacturing business also under proprietorship, or would i need registration as pvt. ltd.

    Please advice the easiest and low cost method which can help me in starting my business endeavour

    Regards,
    Amit

  • Amit Verma

    One more thing, please provide some websites which can explain how to registor for the company structure which you are advising. And informing what all documents are required for that,.
    Additional info: i am a resident of Ghaziabad, a city in UP,

  • Amit Verma

    One more thing, please provide some websites which can explain how to registor for the company structure which you are advising. And informing what all documents are required for that,.
    Additional info: i am a resident of Ghaziabad, a city in UP,

  • stocksstar

    I have few queries
    1.if i am starting fund managment for hni with my trading ideas in one account.can i do under properitary firm umbrella?
    2.do i need to get regisration?as i may have to give receipt for amount received.
    3.what will be tax burdern?
    4.any other fool proof documentation required?
    5.can i show it as subsidary of present registered entity?
    6.thanks in advance!

  • stocksstar

    I have few queries
    1.if i am starting fund managment for hni with my trading ideas in one account.can i do under properitary firm umbrella?
    2.do i need to get regisration?as i may have to give receipt for amount received.
    3.what will be tax burdern?
    4.any other fool proof documentation required?
    5.can i show it as subsidary of present registered entity?
    6.thanks in advance!

  • Aarti

    Hello Sir,

    Need some help with my queries for a sole proprietorship.

    1. Can the name contain “INC.” in it? I mean, can it be named something like “ABC Inc.”

    2. Can I deal in multiple items under the same title?

    3. Is there any procedure to register a sole proprietorship?

    4. If there is no registration, that means any 2 companies/sole proprietorships can have the same name which can give rise to frauds etc. or create confusions if they’re in the same industry? Whats the solution to this?

    5. How will I know the items which come under VAT/sales tax/service tax?

    6. Last but not the least, do you have any branch in Mumbai??

    Thanks & Regards,
    A.D.K.

  • Aarti

    Hello Sir,

    Need some help with my queries for a sole proprietorship.

    1. Can the name contain “INC.” in it? I mean, can it be named something like “ABC Inc.”

    2. Can I deal in multiple items under the same title?

    3. Is there any procedure to register a sole proprietorship?

    4. If there is no registration, that means any 2 companies/sole proprietorships can have the same name which can give rise to frauds etc. or create confusions if they’re in the same industry? Whats the solution to this?

    5. How will I know the items which come under VAT/sales tax/service tax?

    6. Last but not the least, do you have any branch in Mumbai??

    Thanks & Regards,
    A.D.K.

    • antony

      pls ans all my queries as soon as possible and let me know whether u hav a branch in chennai also.pls answer whether opening of current a/c is necessary for a sole proprietorship firm in india and how to check the company name availability.

  • Nasim

    Hi Mukesh,

    I would like know is it necessary to open an current account for the Sole Proprietorship firm in India?

    Also, how can i check the company name availablity?

    Thanks and regards,

    Nasim

  • Nasim

    Hi Mukesh,

    I would like know is it necessary to open an current account for the Sole Proprietorship firm in India?

    Also, how can i check the company name availablity?

    Thanks and regards,

    Nasim

  • spandan

    Dear Sir,

    Your responses are very informative. I have one more query.

    I want to open a propritorship firm “xyz services’ but there is a compnay named as “xyz services Pvt Ltd” already.But as that is a Pvt Ltd so can I proceed with this name.
    How to do trade mark for the same?

    Regards
    Spandan

  • spandan

    Dear Sir,

    Your responses are very informative. I have one more query.

    I want to open a propritorship firm “xyz services’ but there is a compnay named as “xyz services Pvt Ltd” already.But as that is a Pvt Ltd so can I proceed with this name.
    How to do trade mark for the same?

    Regards
    Spandan

  • http://www.ksdesigners.com William

    To
    Mr. Mukeshraj

    sir,

    I am william, and this year I started a New properitorship firm KS Designers.

    Please give me some detail:

    I want Import-Export code.

    But my firm is not registered, I have only current Account, own pan card and Address proof.

    But I want outsourceing work and sell online service & products.

    I have no any knowledge of income tax and sale tax and TDS, please help me……?

    thax
    william

  • http://www.ksdesigners.com William

    To
    Mr. Mukeshraj

    sir,

    I am william, and this year I started a New properitorship firm KS Designers.

    Please give me some detail:

    I want Import-Export code.

    But my firm is not registered, I have only current Account, own pan card and Address proof.

    But I want outsourceing work and sell online service & products.

    I have no any knowledge of income tax and sale tax and TDS, please help me……?

    thax
    william

  • Pravin

    Dear Mukesh Sir,

    I am working as a banker in leading bank, now i wish to get involved into the business related with financial services.

    With Financial Services i mean to say sale of insurance schemes of all major insurance companies like icici prudential, hdfc life, bajaj, max etc. as well as SIP schemes of all amc’s.

    The process which i would like to follow will be like i will recruit a no. of employees for the same purpose and their salary will be paid from the commission generated.

    I woul like to open a proprietorship firm on name of my brother dealing with all these service activities.

    Kindly advise as to what process i shoul follow for opening such a proprietorship firm.

    and yes is some special permission required for getting into the business of sale of insurance and mutual fund products.

    Kindly reply ASAP.

    warm regards.
    Pravin Chauhan

  • Pravin

    Dear Mukesh Sir,

    I am working as a banker in leading bank, now i wish to get involved into the business related with financial services.

    With Financial Services i mean to say sale of insurance schemes of all major insurance companies like icici prudential, hdfc life, bajaj, max etc. as well as SIP schemes of all amc’s.

    The process which i would like to follow will be like i will recruit a no. of employees for the same purpose and their salary will be paid from the commission generated.

    I woul like to open a proprietorship firm on name of my brother dealing with all these service activities.

    Kindly advise as to what process i shoul follow for opening such a proprietorship firm.

    and yes is some special permission required for getting into the business of sale of insurance and mutual fund products.

    Kindly reply ASAP.

    warm regards.
    Pravin Chauhan

  • http://www.futurenext.co.in Poonam

    I have started a recruitment consultancy firm on sole proprietorship. I have a PAN of my own do i need to get a PAN number in the name of the company as well for tax purposes or my PAN number will be sufficient.

    We receive commission for Referring candidates to clients, so TDS will be deducted by the company what is the limit for that.

    If we are charging some amount as Consultancy Charges for any client- are any taxes Applicable on that. is there any provision of TDS for our client or we need to charge it from client as xyz+taxes

    My firm’s income has not yet crossed 8 Lakhs but i want to register for service tax number. How can i do that?

  • http://www.futurenext.co.in Poonam

    I have started a recruitment consultancy firm on sole proprietorship. I have a PAN of my own do i need to get a PAN number in the name of the company as well for tax purposes or my PAN number will be sufficient.

    We receive commission for Referring candidates to clients, so TDS will be deducted by the company what is the limit for that.

    If we are charging some amount as Consultancy Charges for any client- are any taxes Applicable on that. is there any provision of TDS for our client or we need to charge it from client as xyz+taxes

    My firm’s income has not yet crossed 8 Lakhs but i want to register for service tax number. How can i do that?

  • http://none Indrani Maitra

    Hi,

    I am in the process of registring a section 25 company. Till the registration and other formalities (PAN TAN etc) are completed, I am working as an individual consultant (since Dec 2007). I also have 1 employee for the past 6 months. My income for this FY will exceed 10 Lakhs. I have the following queries:

    1. Do I need to pay service tax?
    2. Can I charge service tax from my clients?
    3. Do I need to first register for service tax before I can charge the clients, or can I charge them anyways?
    4. Can I forego charging service tax from my clients at this point, in which case my clients will deduct TDS, then claim a refund while filing returns?

    Regards
    Indrani

  • Rajeev Gopinath

    Dear Sir,
    I would like to start Sole Proprietorship firm and I want to acquire TIN & CST number. please guide me what all are the legal procedures for the same.
    Thanking you
    Warm Regards
    Rajeev Gopinath

  • Rajeev Gopinath

    Dear Sir,
    I would like to start Sole Proprietorship firm and I want to acquire TIN & CST number. please guide me what all are the legal procedures for the same.
    Thanking you
    Warm Regards
    Rajeev Gopinath

  • Mahendra Gaikwad

    Dear Sir,

    I am owing a properietorship firm and would like to convert the same into Partnership.

    Can you please advise the procedure and how to reflect the same in bank.

    Thanks and regards,

    MG

  • Mahendra Gaikwad

    Dear Sir,

    I am owing a properietorship firm and would like to convert the same into Partnership.

    Can you please advise the procedure and how to reflect the same in bank.

    Thanks and regards,

    MG

  • Kajalkumar Roy

    Dear Mukeshraj,

    I am in process of starting a proprietary firm and will render service in the fields of training and development and financial planning services. Please let me know how to set up the firm and register its name as trademark and can I register this proprietary firm later into private ltd. company?

    What are the chances of having same name of company and they having problems later when I register my company?

  • Kajalkumar Roy

    Dear Mukeshraj,

    I am in process of starting a proprietary firm and will render service in the fields of training and development and financial planning services. Please let me know how to set up the firm and register its name as trademark and can I register this proprietary firm later into private ltd. company?

    What are the chances of having same name of company and they having problems later when I register my company?

  • Bikram Nayak

    dear sir,
    I want to open a freelance research firm.What are the necessary documents and steps to open it?

  • Bikram Nayak

    dear sir,
    I want to open a freelance research firm.What are the necessary documents and steps to open it?

  • http://No...asofnow Muralidharan Kupppuswami Iyer

    Greetings from Muralidharan Kuppuswami Iyer.
    My honest appreciation for the great service you render to the aspiring business society. I will pray the Almighty to give you everything more than enough.

    Let me also push a few questions from my desk!

    1) Is there any restriction imposed that a sole proprietor cannot use arbitrary titles such as Managing Director, Director, CEO or any other title? If so, what are those titles that cannot be used by sole proprietors. I stongly believe that a powerful title will help a right person tremendously.

    2) It is easy to find whether a domain name is available or not through online itself. Is there any FREE online portal from which we can find whether a company name is available for use or not? I am not going to register my company.

    3) The proposed company’s (sole proprietorship) businesses are Corporate Training and Development, Services such as software documentation, editing, Corporate Communication services, HR end-to-end services, Sales and Marketing etc.

    I am going to charge a fee from all the above services. Must I get a service tax registration number before starting my company?

    If it is must, how to get the same and how much does it cost? I am going to start in Chennai

    If my accumulated income from various clients does not exceed the limit, can I ask my client not to deduct any money when they make payment to my services?

    By the by, what is the limit. Is it 8 L or 10 L?

    4) I foresee my income will well exceed the limit. In this scenario, I want to cover myself to the most. Please advice me whether I can get the money for the services in my wife’s name (let her file her income tax return…assuming she is going to be employed in my sole propritoryship company…..is there any restiction that I should not appoint anybody if it is sole proprietorship company?

    Thanks in advance…
    Muralidharan Kuppuswami Iyer
    “Fix your Altitude first, you will have great Attitude to reach there”…Muralidharan on LIFE SKILLS

  • santosh dhoble

    Dear sir

    I would like to start a proprietership firm by importing goods

    pls guide me regarding setup and diff procedures to set up business

  • santosh dhoble

    Dear sir

    I would like to start a proprietership firm by importing goods

    pls guide me regarding setup and diff procedures to set up business

  • Kapil Jain

    Dear Sir,

    I want to start a sole ownership business in India. Busines of real estate classifieds listing on website there will be no physical meeting involved with buyer/seller or tenant/landlord. Do i need to register my business? Is my business type will be liable for VAT or service or Sales tax. This will be the online business and buyer and seller can put forth their property details and can be contacted by person in need. This blog is really helpful because it has solved my basic questions for starting sole ownership business.

  • Kapil Jain

    Dear Sir,

    I want to start a sole ownership business in India. Busines of real estate classifieds listing on website there will be no physical meeting involved with buyer/seller or tenant/landlord. Do i need to register my business? Is my business type will be liable for VAT or service or Sales tax. This will be the online business and buyer and seller can put forth their property details and can be contacted by person in need. This blog is really helpful because it has solved my basic questions for starting sole ownership business.

  • Rajesh

    Dear Sir,

    I am intrested to open up a new sole firm (propritorship). Where can i go for the registration of name of the firm. Also using that name I will be opening a current account for a seperate accounting purpose.
    Also let me explain you about the nature of service my firm will be engagged in. Actual im planning for the electrical contractor nature of work. What all registration will i be required to be done. I reside in ghaziabad

  • Rajesh

    Dear Sir,

    I am intrested to open up a new sole firm (propritorship). Where can i go for the registration of name of the firm. Also using that name I will be opening a current account for a seperate accounting purpose.
    Also let me explain you about the nature of service my firm will be engagged in. Actual im planning for the electrical contractor nature of work. What all registration will i be required to be done. I reside in ghaziabad

  • ARUL

    Is there any restriction on selecting a name for a firm? Whether the words INdia, National, Bharat be included in the name of a company? PLeae explain the name : INDO GERMAN

  • ARUL

    Is there any restriction on selecting a name for a firm? Whether the words INdia, National, Bharat be included in the name of a company? PLeae explain the name : INDO GERMAN

  • MANICKAM

    Dear Sir

    I intend to start commence my business offering sourcing services to overseas companies and receive fees for the services rendered.

    I have no company registered for the same. From your blog, understand i could start a Sole Proprietorship firm.

    Alternately, my brother has a Propritorship firm (say XXX) with Service Tax registration, VAT registration and with valid Import and Export Code.

    (1) Is it possible for me to buy out XXX;
    (2) Can I do business through XXX
    (3) Is it possible for me join with XXX as a Partner and convert XXX to a Partnership firm
    (4) What is the procedure for (4)

    Regards

  • MANICKAM

    Dear Sir

    I intend to start commence my business offering sourcing services to overseas companies and receive fees for the services rendered.

    I have no company registered for the same. From your blog, understand i could start a Sole Proprietorship firm.

    Alternately, my brother has a Propritorship firm (say XXX) with Service Tax registration, VAT registration and with valid Import and Export Code.

    (1) Is it possible for me to buy out XXX;
    (2) Can I do business through XXX
    (3) Is it possible for me join with XXX as a Partner and convert XXX to a Partnership firm
    (4) What is the procedure for (4)

    Regards

  • MANICKAM

    In my previous request please read “(4) what is procedure for (3) above” instead of existing

    Regards

  • MANICKAM

    In my previous request please read “(4) what is procedure for (3) above” instead of existing

    Regards

  • Johnson Varghese

    Dear Mr. Mukesh,
    With regard to your reply to Ms. Malaika dated November 3, 2008 – “Commission Income is liable for service tax if exceeds Rs. 10 lakhs in a financial year”. By commission income, do you mean “the entire income” or is it “income after expenses-profits”?

    Also, what is the validity period for VAT registration – should it be renewed every financial year. Can you tell what is the VAT registration fee for a sole proprietorship in India?

    Thanks a lot in advance.
    Johnson Varghese

  • Johnson Varghese

    Dear Mr. Mukesh,
    With regard to your reply to Ms. Malaika dated November 3, 2008 – “Commission Income is liable for service tax if exceeds Rs. 10 lakhs in a financial year”. By commission income, do you mean “the entire income” or is it “income after expenses-profits”?

    Also, what is the validity period for VAT registration – should it be renewed every financial year. Can you tell what is the VAT registration fee for a sole proprietorship in India?

    Thanks a lot in advance.
    Johnson Varghese

  • Jignesh

    Hi, Mukesh,
    I have seen your comments regarding Sole Proprietorship firm.
    But i have query that i have started my firm from home and just wanted to know that should i register my proprietorship under Bombay shops & establishment act. And now its not applicable then what is the time when registration is needed.

  • Jignesh

    Hi, Mukesh,
    I have seen your comments regarding Sole Proprietorship firm.
    But i have query that i have started my firm from home and just wanted to know that should i register my proprietorship under Bombay shops & establishment act. And now its not applicable then what is the time when registration is needed.

  • kanhaiya

    Dear Sir,

    I have started a bussiness without any registration. It is a education consultancy bussiness. I provide guidance to the students for their admission in colleges for which i am authorized under management Quota. and i earn around 7-8 lakh per annum.

    Now i want to expand my bussiness, and provide bills to customers, for the service charge i am charging from them.i.e 15000/- per student.

    Please tell me which registratioin i require. and how much service charge to be charged from party, if it will be applicable.

    thanks.

  • kanhaiya

    Dear Sir,

    I have started a bussiness without any registration. It is a education consultancy bussiness. I provide guidance to the students for their admission in colleges for which i am authorized under management Quota. and i earn around 7-8 lakh per annum.

    Now i want to expand my bussiness, and provide bills to customers, for the service charge i am charging from them.i.e 15000/- per student.

    Please tell me which registratioin i require. and how much service charge to be charged from party, if it will be applicable.

    thanks.

  • venkat

    sir,
    i am running 4 tennise academis in bangalore all are property i want to register the name of my academy and then file the company returns and even open current account can u tell me whear to regester the company i want your help

  • venkat

    sir,
    i am running 4 tennise academis in bangalore all are property i want to register the name of my academy and then file the company returns and even open current account can u tell me whear to regester the company i want your help

  • s.jagan

    sir,
    i am running a finance within my friends since 2years i want to file my returns and rigester my company pl sugest me how to go about i need your help

  • s.jagan

    sir,
    i am running a finance within my friends since 2years i want to file my returns and rigester my company pl sugest me how to go about i need your help

  • PIO

    Can a Person of Indian Origin (foreign passport holder but with Overseas Citizen of India card) open a Sole Proprietorship in India?

  • PIO

    Can a Person of Indian Origin (foreign passport holder but with Overseas Citizen of India card) open a Sole Proprietorship in India?

  • Rajiv

    Dear Sir,
    I have started a properitorship firm from my rented residence and have a bank account in the firm’s name in HDFC.

    The bank is asking for a Service Tax / VAT No. to prove the legal entity of my company. Though I had submitted all documents that were required at the time of opening the bank current account they say its a new rule and they have to obtain documents proving company’s existence.
    I operate from Andheri (w). My questions are:
    1) Where do I apply for Service Tax in my area?
    2) What are the dcuments required to apply fro service tax?
    3) Will there be any physical inspection done by service tax department at my residence cum office?
    4) How long does it take to obtain a service tax No.?
    5) What is the fee for the new service tax application?

    Regards,
    Rajiv

  • Rajiv

    Dear Sir,
    I have started a properitorship firm from my rented residence and have a bank account in the firm’s name in HDFC.

    The bank is asking for a Service Tax / VAT No. to prove the legal entity of my company. Though I had submitted all documents that were required at the time of opening the bank current account they say its a new rule and they have to obtain documents proving company’s existence.
    I operate from Andheri (w). My questions are:
    1) Where do I apply for Service Tax in my area?
    2) What are the dcuments required to apply fro service tax?
    3) Will there be any physical inspection done by service tax department at my residence cum office?
    4) How long does it take to obtain a service tax No.?
    5) What is the fee for the new service tax application?

    Regards,
    Rajiv

  • Mohammed

    Hi Mukeshraj,

    Very useful info.

    Please provide me your Mumbai contact details.

    Regards
    Mohammed

  • Mohammed

    Hi Mukeshraj,

    Very useful info.

    Please provide me your Mumbai contact details.

    Regards
    Mohammed

  • Neel

    Dear Sir,

    I am very impressed with your guidence. I have the following inquiries.
    I want to start a stationey shop from my home.

    Is there registration required?
    Is service Tax applicable for my business?
    Is there any othre formality is required?

    Please give me the details of all the required formalities for running a Stationery shop from my home in New Delhi.

  • Neel

    Dear Sir,

    I am very impressed with your guidence. I have the following inquiries.
    I want to start a stationey shop from my home.

    Is there registration required?
    Is service Tax applicable for my business?
    Is there any othre formality is required?

    Please give me the details of all the required formalities for running a Stationery shop from my home in New Delhi.

  • Hanmant

    Whether can I have TAN in the name of Proprietory Firm having no branches?

  • Hanmant

    Whether can I have TAN in the name of Proprietory Firm having no branches?

  • Himanshu Barthwal

    If sole proprietor is not required to be registered then why do banks ask for some registration certificate to open a current account in the name of the firm. What certificate can be applied to satisfy banks for opening of current account. Secondly I work as an education consultant for UK Universities, my services to Students in India is free of cost so I think there should be no service tax. I get commission for my service to foreign Universities from UK Universities, is that liable for any service tax?

  • Himanshu Barthwal

    If sole proprietor is not required to be registered then why do banks ask for some registration certificate to open a current account in the name of the firm. What certificate can be applied to satisfy banks for opening of current account. Secondly I work as an education consultant for UK Universities, my services to Students in India is free of cost so I think there should be no service tax. I get commission for my service to foreign Universities from UK Universities, is that liable for any service tax?

  • karthikeyan

    hi mukesh sir.

    i hope that you can help me out to start my own company so i need ur mobile number to contact you can u please giv ur contact number?

  • karthikeyan

    hi mukesh sir.

    i hope that you can help me out to start my own company so i need ur mobile number to contact you can u please giv ur contact number?

  • Sundaram

    Hello Mukesh Sir,

    We are four friends planning to put money and start a stationery shop in Chennai. need your advice on below:

    1. As of now we are planning for a Partnership Firm, what is the procedure?
    2. Is there any special registration required fro Stationery shop?
    3. Do we need to check for any assosiation of this kind of shops in chennai and register ourselves?
    4. Do we need to register with any of the tax authorities?

    Regards

  • Sundaram

    Hello Mukesh Sir,

    We are four friends planning to put money and start a stationery shop in Chennai. need your advice on below:

    1. As of now we are planning for a Partnership Firm, what is the procedure?
    2. Is there any special registration required fro Stationery shop?
    3. Do we need to check for any assosiation of this kind of shops in chennai and register ourselves?
    4. Do we need to register with any of the tax authorities?

    Regards

  • Rajanu Kumar

    Dear Mr.Mukesh

    sir,

    I want to start proprietorship so kindly tell me the procedure.

    thanking you kindly revert back on my e mail id inductotechindia@gmail.com

    with great thanks and regards
    Rajanu Kumar

  • Rajanu Kumar

    Dear Mr.Mukesh

    sir,

    I want to start proprietorship so kindly tell me the procedure.

    thanking you kindly revert back on my e mail id inductotechindia@gmail.com

    with great thanks and regards
    Rajanu Kumar

  • sumeet

    I want to know how can i register my firm, it is a marketing and recruitment firm and i want to register it …which site provides this facility.

  • sumeet

    I want to know how can i register my firm, it is a marketing and recruitment firm and i want to register it …which site provides this facility.

  • Pankaj Verma

    Dear Mr. Mukesh,

    I just can’t believe the kind of guidance available on this blog. You are truly helping budding entrepreneurs.

    My query to you is that I want to statrt a sole proprietorship company where I will be doing recruitment consultancy and acting as a link between potential candidates and hiring organizations. Initialy expected revenue is 5-8 lacs/ year. May I request you to tell me what registrations are necessary for this,please.

    Thanks in advance for helping me out

    Pankaj Verma

  • Pankaj Verma

    Dear Mr. Mukesh,

    I just can’t believe the kind of guidance available on this blog. You are truly helping budding entrepreneurs.

    My query to you is that I want to statrt a sole proprietorship company where I will be doing recruitment consultancy and acting as a link between potential candidates and hiring organizations. Initialy expected revenue is 5-8 lacs/ year. May I request you to tell me what registrations are necessary for this,please.

    Thanks in advance for helping me out

    Pankaj Verma

  • Neeraj Kapoor

    Sir,

    I am planning to start a telemarketing business in Mohani, Punjab.

    Can you tell me:

    1. Can I operate for 2-3 months from my home till my office is set up for the purpose ?
    2. Can I start as proprietory firm initially & later on convert to pvt ltd. firm ?
    3. Do I need to register for service tax ?
    4. What will be my income tx liability? I am a woman.
    5. Any other information will also be useful.

    What else I do so that I am legally safe ?

    I’ll be financing my business myself.

    Regards,

  • Neeraj Kapoor

    Sir,

    I am planning to start a telemarketing business in Mohani, Punjab.

    Can you tell me:

    1. Can I operate for 2-3 months from my home till my office is set up for the purpose ?
    2. Can I start as proprietory firm initially & later on convert to pvt ltd. firm ?
    3. Do I need to register for service tax ?
    4. What will be my income tx liability? I am a woman.
    5. Any other information will also be useful.

    What else I do so that I am legally safe ?

    I’ll be financing my business myself.

    Regards,

  • Chandan Varma

    Hi Rajesh,

    I had enquired with SBI for opening a bank account for a sole proprietership firm, but they asked for Shop act license. Also Bank of Baroda asked for the same.
    Please let me know is Shop act really necessary for the same.

  • Chandan Varma

    Hi Rajesh,

    I had enquired with SBI for opening a bank account for a sole proprietership firm, but they asked for Shop act license. Also Bank of Baroda asked for the same.
    Please let me know is Shop act really necessary for the same.

  • asit kumar

    Dear Mukesh

    I am planning to start a biosupplier business in Delhi. it is kind of dealer business.

    Can you let me know that”

    How can I start ?

    Can I start as proprietory firm initially & later on convert to pvt ltd. firm ?

    Do I need to register for service tax anywhere?

    Any other information will also be useful.

    Regards

  • asit kumar

    Dear Mukesh

    I am planning to start a biosupplier business in Delhi. it is kind of dealer business.

    Can you let me know that”

    How can I start ?

    Can I start as proprietory firm initially & later on convert to pvt ltd. firm ?

    Do I need to register for service tax anywhere?

    Any other information will also be useful.

    Regards

  • http://creditcardgeneratorht.blogspot.com Samuel L.

    This is quite a up-to-date information. I think I’ll share it on Delicious.

  • http://creditcardgeneratorht.blogspot.com Samuel L.

    This is quite a up-to-date information. I think I’ll share it on Delicious.

  • jaiparkash bhardwaj

    i want to set up a job consultancy. tell me how to registered it

  • jaiparkash bhardwaj

    i want to set up a job consultancy. tell me how to registered it

  • vikas

    I want to setup a recruiting firm/consultancy. I would like to know about the process of registration.

  • vikas

    I want to setup a recruiting firm/consultancy. I would like to know about the process of registration.

  • Vilma

    Hi!!

    Have started a firm called Talent Unlimited which is into placements & Training at Thane. Do I need to register this firm? If so, what is the proceedure.
    Can I open a bank account in firms name i.e. Talent Unlimited without registeration?

    Please help.

  • Vilma

    Hi!!

    Have started a firm called Talent Unlimited which is into placements & Training at Thane. Do I need to register this firm? If so, what is the proceedure.
    Can I open a bank account in firms name i.e. Talent Unlimited without registeration?

    Please help.

  • ISANI

    Dear Sir,
    I want to start new business of fast food. i want to give it a brand like mc donald etc. could you pls tell me the process from registration to brading it to licensing to logo designing etc or could you recommend any consultant who can help me with the above matter???

  • ISANI

    Dear Sir,
    I want to start new business of fast food. i want to give it a brand like mc donald etc. could you pls tell me the process from registration to brading it to licensing to logo designing etc or could you recommend any consultant who can help me with the above matter???

  • dhara

    Dear Sir,
    This site is very informative and thus helpful to beginners and enterpreneurs.
    Please let me know that as i wish to start my sole propiretorship to be into event management, what taxes like service tax,etc will be there. Also do i need to get it registered or obtain a license as it is proprietorship and i am not going to provide food directly, as it will be via caterer. Do i need to obtain some health, food license. PLease explain. Also to open a sole proprietor account if my business income other than this event management exceeds 10 lacs do i need to get my service tax number registration at beginning or can be done when i have propective businesses. Looking forward to hearing from you soon.

  • dhara

    Dear Sir,
    This site is very informative and thus helpful to beginners and enterpreneurs.
    Please let me know that as i wish to start my sole propiretorship to be into event management, what taxes like service tax,etc will be there. Also do i need to get it registered or obtain a license as it is proprietorship and i am not going to provide food directly, as it will be via caterer. Do i need to obtain some health, food license. PLease explain. Also to open a sole proprietor account if my business income other than this event management exceeds 10 lacs do i need to get my service tax number registration at beginning or can be done when i have propective businesses. Looking forward to hearing from you soon.

  • nidhi mittal

    dear Sir

    i am interested in starting up a business at my home. i want to import herbal cosmetics from other countries say china and then selling it to other countries to my contacts say in USA. i want to do it online with just setting up a deal and asking the manufacturer to directly transfer the goods to the buyer. Or do i need to first import goods in INDIA and then export them to buyers. i am totally fresh in this business but i have leads. will i get any legal problems without registration and documentation. i also make home made cosmetics and want to sell to foreign markets abroad. But first i want to make money as a liason in buyer and seller. kindly suggest how do i need to start and establish myself. Moreover how will i gain trust of the buyer while payment as he may ask authenticity and authority of my business. kindly suggest

  • nidhi mittal

    dear Sir

    i am interested in starting up a business at my home. i want to import herbal cosmetics from other countries say china and then selling it to other countries to my contacts say in USA. i want to do it online with just setting up a deal and asking the manufacturer to directly transfer the goods to the buyer. Or do i need to first import goods in INDIA and then export them to buyers. i am totally fresh in this business but i have leads. will i get any legal problems without registration and documentation. i also make home made cosmetics and want to sell to foreign markets abroad. But first i want to make money as a liason in buyer and seller. kindly suggest how do i need to start and establish myself. Moreover how will i gain trust of the buyer while payment as he may ask authenticity and authority of my business. kindly suggest

  • abhishek

    i want start a sole prop firm of matrimonial service.what is the process of regiterin it n documents reqired

  • abhishek

    i want start a sole prop firm of matrimonial service.what is the process of regiterin it n documents reqired

  • asit kumar

    Dear Mukesh

    I am planning to start a biosupplier business in Delhi. it is kind of dealer business.

    Can you let me know that”

    How can I start ?

    Can I start as proprietory firm initially & later on convert to pvt ltd. firm ?

    Do I need to register for service tax anywhere?

    Any other information will also be useful. Please leave ur comment on my email. Will be greatful to you.

    Regards

  • asit kumar

    Dear Mukesh

    I am planning to start a biosupplier business in Delhi. it is kind of dealer business.

    Can you let me know that”

    How can I start ?

    Can I start as proprietory firm initially & later on convert to pvt ltd. firm ?

    Do I need to register for service tax anywhere?

    Any other information will also be useful. Please leave ur comment on my email. Will be greatful to you.

    Regards

  • N Reddy

    Dear Sir,

    I want to start a sole proprietoryship firm, i am already working for semi government. Nature of business is software consultancy.

    What kind of documents required to open bank account?
    I already have my PAN
    i am staying in rented house

    Please guide me
    Than you

  • N Reddy

    Dear Sir,

    I want to start a sole proprietoryship firm, i am already working for semi government. Nature of business is software consultancy.

    What kind of documents required to open bank account?
    I already have my PAN
    i am staying in rented house

    Please guide me
    Than you

  • Raja

    Dear Sir,

    I want to open an collection Agency i.e recovery of money from customers who have taken loans from banks and not paid their emi at proper time.Please guide me with necessary details required.

  • Raja

    Dear Sir,

    I want to open an collection Agency i.e recovery of money from customers who have taken loans from banks and not paid their emi at proper time.Please guide me with necessary details required.

  • Adnan

    Dear Sir,

    I am 24 year old interior designer residing in Bangalore. I happen to get a big project worth around 50 lacs, but i do not have any company of my own. I have always been working on smaller projects at an individual level.

    But this time around I shall need to give bills or reciepts to the client as the client is a company. I don’t have the time or money to open a full fledge company as of now, but I am willing to pay any kind of taxes that need to be paid, so that the entire money transactions can go smoothly.

    Basically I shall be supplying finished furniture items to the client worth around 50 lacs. What I dont understand is how to give bills or reciepts to the client as I dont have a registered company. I only have a PAN card which I think I shall use to open an account in the same of an interior design comapany as a sole proprietor.

    I am still not very clear on how this will work. Sorry for the confusing question.

    Waiting eagerly for your reply. Please advice.

    Warm Regards
    Adnan Khan

  • Adnan

    Dear Sir,

    I am 24 year old interior designer residing in Bangalore. I happen to get a big project worth around 50 lacs, but i do not have any company of my own. I have always been working on smaller projects at an individual level.

    But this time around I shall need to give bills or reciepts to the client as the client is a company. I don’t have the time or money to open a full fledge company as of now, but I am willing to pay any kind of taxes that need to be paid, so that the entire money transactions can go smoothly.

    Basically I shall be supplying finished furniture items to the client worth around 50 lacs. What I dont understand is how to give bills or reciepts to the client as I dont have a registered company. I only have a PAN card which I think I shall use to open an account in the same of an interior design comapany as a sole proprietor.

    I am still not very clear on how this will work. Sorry for the confusing question.

    Waiting eagerly for your reply. Please advice.

    Warm Regards
    Adnan Khan

  • N S RAO

    I HAVE STARTED A SOLE PROPRIETORSHIP BUSINESS AND I AM OPERTING THE BANK ACCOUNT. MY QUESTION IS:

    I WOULD LIKE TO CHANGE THE NAME IN MY WIFE’S NAME KEEPING THE BUSINESS AS IT IS PRACTICALLY DIFFICULT TO OPERATE THE ACCOUNT MY ME REGULARLY.

    WHETHER IT IS POSSIBLE. WHAT IS THE FORMALITIES FOR CHANGE OF PROPRIETORSHIP.

    KINDLY CLARIFY ON MY E-mail ID: simco.hyd@gmail.com

  • N S RAO

    I HAVE STARTED A SOLE PROPRIETORSHIP BUSINESS AND I AM OPERTING THE BANK ACCOUNT. MY QUESTION IS:

    I WOULD LIKE TO CHANGE THE NAME IN MY WIFE’S NAME KEEPING THE BUSINESS AS IT IS PRACTICALLY DIFFICULT TO OPERATE THE ACCOUNT MY ME REGULARLY.

    WHETHER IT IS POSSIBLE. WHAT IS THE FORMALITIES FOR CHANGE OF PROPRIETORSHIP.

    KINDLY CLARIFY ON MY E-mail ID: simco.hyd@gmail.com

  • Farooq

    Dear Sir,

    I read most of the things that you have replied to people in order to help them with their queries.

    I need your help too,i need to start a sole proprietorship firm which would be into recruitment consulting.

    Can you please advice me that what all things would be required by me to start it?

    Would eagerly wait for your reply.

  • Farooq

    Dear Sir,

    I read most of the things that you have replied to people in order to help them with their queries.

    I need your help too,i need to start a sole proprietorship firm which would be into recruitment consulting.

    Can you please advice me that what all things would be required by me to start it?

    Would eagerly wait for your reply.

  • michael

    could you let us know what are the procedures of opening a current account??

  • michael

    could you let us know what are the procedures of opening a current account??

  • Reetesh

    Dear Mukesh:

    I want to setup a “sole proprietorship” WEB SITE DEVELOPMENT startup . Please answer my queries:

    1. I need to print invoices so how do I obtain TIN number?
    2. I need to have a CURRENT ACCOUNT in a back in my firm’s name but how the bank will give it unless I have the firm registered?
    3. Is VAT registration necessary for such a company in Maharastra?

    Please tell me the process in simple terms.

    Regards

  • Reetesh

    Dear Mukesh:

    I want to setup a “sole proprietorship” WEB SITE DEVELOPMENT startup . Please answer my queries:

    1. I need to print invoices so how do I obtain TIN number?
    2. I need to have a CURRENT ACCOUNT in a back in my firm’s name but how the bank will give it unless I have the firm registered?
    3. Is VAT registration necessary for such a company in Maharastra?

    Please tell me the process in simple terms.

    Regards

  • http://www.successivesoftwares.com Preeteesh

    Hi,

    I have started a small software startup and want to open a account in some bank with my company name. I approached few banks but most require a registration number or some other govt issues document.

    Please suggest me how can i open a account with some bank.

    Thanks

  • http://www.successivesoftwares.com Preeteesh

    Hi,

    I have started a small software startup and want to open a account in some bank with my company name. I approached few banks but most require a registration number or some other govt issues document.

    Please suggest me how can i open a account with some bank.

    Thanks

  • subhomoy chakraborty

    Hello Sir,
    I am an IT consultant and plan to start a Proprietorship firm in mumbai, It is going to be a software firm and will get outsourced projects from IT companies for software development. At moment we wont be selling packed softwares or any hardwares. My query are:

    1. Can i start a business out of home which is a rented one.
    2.Do i need to register a company at all , if yes is it neccessary at commercial place?
    3.how can i check the company name i want is not registered /trademarked (i have checked the govt site)
    4.do i need a LST, CST, TIN No ?
    5. Is there a book wrt to Proprietorship firms in India , where all the info is provided with all amendments.
    6. How should i invoice my customers (sw companies)
    7.Will i be able to opena bank account without a registered company ?

    I have quit my job to start business, so any help would be sincerely appreciated.

    Thank You & Regards
    Subhomoy Chakraborty

  • subhomoy chakraborty

    Hello Sir,
    I am an IT consultant and plan to start a Proprietorship firm in mumbai, It is going to be a software firm and will get outsourced projects from IT companies for software development. At moment we wont be selling packed softwares or any hardwares. My query are:

    1. Can i start a business out of home which is a rented one.
    2.Do i need to register a company at all , if yes is it neccessary at commercial place?
    3.how can i check the company name i want is not registered /trademarked (i have checked the govt site)
    4.do i need a LST, CST, TIN No ?
    5. Is there a book wrt to Proprietorship firms in India , where all the info is provided with all amendments.
    6. How should i invoice my customers (sw companies)
    7.Will i be able to opena bank account without a registered company ?

    I have quit my job to start business, so any help would be sincerely appreciated.

    Thank You & Regards
    Subhomoy Chakraborty

  • Manoj kumar

    dear sir,
    i want to open a propritorship firm in chandigarh(punjab). can you tel me the procedure of registration of firm name or bussinness name and availing the service tax number.
    thanks and regards
    manoj kumar
    9417840930

  • Manoj kumar

    dear sir,
    i want to open a propritorship firm in chandigarh(punjab). can you tel me the procedure of registration of firm name or bussinness name and availing the service tax number.
    thanks and regards
    manoj kumar
    9417840930

  • sriprasad

    Hi,

    I read all the Q&A’s in the blog. It’s very useful.Still I have one more doubt, Please clarify.

    I am planning to set up IT Training center(Startup) in india , planning to go for Sole Proprietership. What are steps to register and start the operations?
    My major concern is i want to make sure no body else uses the same company name as mine. Eg, If I start as
    “ABC Training and Consulting” , I want to make sure no body else uses the same name or even use “ABC” for their business.How can I hold the rights.

    People say for Private Limited Comp , we can block the company name and hold rights but we cannot do it for Sole Prop.Is it true? Is there any workaround to hold a unique name for my business though it is a sole prop?

    Thanks.

  • sriprasad

    Hi,

    I read all the Q&A’s in the blog. It’s very useful.Still I have one more doubt, Please clarify.

    I am planning to set up IT Training center(Startup) in india , planning to go for Sole Proprietership. What are steps to register and start the operations?
    My major concern is i want to make sure no body else uses the same company name as mine. Eg, If I start as
    “ABC Training and Consulting” , I want to make sure no body else uses the same name or even use “ABC” for their business.How can I hold the rights.

    People say for Private Limited Comp , we can block the company name and hold rights but we cannot do it for Sole Prop.Is it true? Is there any workaround to hold a unique name for my business though it is a sole prop?

    Thanks.

  • http://intepat.com Senthil

    Hi Sriprasad,

    If you want to have a unique name for business, first you will have to check the name is already existing or not. Then register your brand name at Trademark registrar, and you will only the rights to use the brand name and no body should use the brand name with out your approval.

  • http://intepat.com Senthil

    Hi Sriprasad,

    If you want to have a unique name for business, first you will have to check the name is already existing or not. Then register your brand name at Trademark registrar, and you will only the rights to use the brand name and no body should use the brand name with out your approval.

  • Sachidanand Sharma

    Hi Sachidanand Sharma,

    I am willing to start a sole Proprietership company, the only thing i am worried about is the company Name Registration, can i register any way my company Name, As later on i am going to make it Pvt Ltd. I just want to keep my company Name secured. so no one can keep the same name.

    please suggest the answers & options.

    Thanks
    Sachidanand

  • Sachidanand Sharma

    Hi Sachidanand Sharma,

    I am willing to start a sole Proprietership company, the only thing i am worried about is the company Name Registration, can i register any way my company Name, As later on i am going to make it Pvt Ltd. I just want to keep my company Name secured. so no one can keep the same name.

    please suggest the answers & options.

    Thanks
    Sachidanand

  • Neena

    If I have a sole propreitorship, should I carry out business in the name of the sole proprietoship or can I carry out in my own name?

  • Neena

    If I have a sole propreitorship, should I carry out business in the name of the sole proprietoship or can I carry out in my own name?

  • Amit

    Where in delhi can I register a proprietorship concern and what is the fee for registration.

    Regards
    Amit

  • Amit

    Where in delhi can I register a proprietorship concern and what is the fee for registration.

    Regards
    Amit

  • Maikhali

    dear sir,

    gd day to you, i hv started my proprietorship co. in shipping & frt forwarding trade, so wish to make my company’s logo, cud u pls. advise where should registered fro LOGO, pls. provide me the trademark contact details in delhi..sincerely yours maikhali

  • Maikhali

    dear sir,

    gd day to you, i hv started my proprietorship co. in shipping & frt forwarding trade, so wish to make my company’s logo, cud u pls. advise where should registered fro LOGO, pls. provide me the trademark contact details in delhi..sincerely yours maikhali

  • Ajay

    Sir,
    I want to register my business and establish a private firm . I want to be open my own multilevel marketing company.I know to solve this issue i should go to a CA . But before than i would like to study a bit about the process . So please if anyone have any experience with the procedure please advice me.
    …please tell me about what kind of registration of that company required…..

  • Ajay

    Sir,
    I want to register my business and establish a private firm . I want to be open my own multilevel marketing company.I know to solve this issue i should go to a CA . But before than i would like to study a bit about the process . So please if anyone have any experience with the procedure please advice me.
    …please tell me about what kind of registration of that company required…..

  • Aviral Jain

    Hi,
    My line of work is diamond jewelery and all I want to know is that if I am taking a bill from a trader in my name then can I issue a bill on my personal letter head without pertaining a VAT /TIN registration number?

  • Aviral Jain

    Hi,
    My line of work is diamond jewelery and all I want to know is that if I am taking a bill from a trader in my name then can I issue a bill on my personal letter head without pertaining a VAT /TIN registration number?

  • Maikhali

    dear sir,

    gd day to you, i hv started my proprietorship co. in shipping & frt forwarding trade, so wish to make my company’s logo, cud u pls. advise where should i registered for LOGO, pls. provide me the trademark contact details in delhi..sincerely yours maikhali

  • Maikhali

    dear sir,

    gd day to you, i hv started my proprietorship co. in shipping & frt forwarding trade, so wish to make my company’s logo, cud u pls. advise where should i registered for LOGO, pls. provide me the trademark contact details in delhi..sincerely yours maikhali

  • http://exain.com Vivek Kapoor

    Hi – Thank you for the responses that you had given on your blog. Only if you had started charging for the answers, you would’ve made millions by now ;-)

  • http://exain.com Vivek Kapoor

    Hi – Thank you for the responses that you had given on your blog. Only if you had started charging for the answers, you would’ve made millions by now ;-)

  • dushyant shukla

    sir,
    i started dry fruit trading about 3 months ago, its doin well. i started with just 7500 rupees & today it has come upto almost 1.5 lakh rupees. most of our deals are in cash as they are many but small small.
    do i need to get vatt registration, if yes then til what limit can i work without it? also guide me if i need sales tax registration.
    sir if you could also give me the process & lead to a concern for both of the above it would be very kind of you.
    regards
    dushyant shukla

  • dushyant shukla

    sir,
    i started dry fruit trading about 3 months ago, its doin well. i started with just 7500 rupees & today it has come upto almost 1.5 lakh rupees. most of our deals are in cash as they are many but small small.
    do i need to get vatt registration, if yes then til what limit can i work without it? also guide me if i need sales tax registration.
    sir if you could also give me the process & lead to a concern for both of the above it would be very kind of you.
    regards
    dushyant shukla

  • http://investorspleaselisten.blogspot.com/ aditya

    Dear Sir,

    I have working started as Financial adviser, as my income is growing, i feel to register my business as proprietorship, i have never filed return as never found income above stated ITslabs.

    Please guide if i start financial services business and employee certain people under me (fixed salary +comm. based). How will things work. Should i have a TAN no.

    pls state procedure.. i want to stablish a brand and current a/c. whats the procedure

  • http://investorspleaselisten.blogspot.com/ aditya

    Dear Sir,

    I have working started as Financial adviser, as my income is growing, i feel to register my business as proprietorship, i have never filed return as never found income above stated ITslabs.

    Please guide if i start financial services business and employee certain people under me (fixed salary +comm. based). How will things work. Should i have a TAN no.

    pls state procedure.. i want to stablish a brand and current a/c. whats the procedure

  • devesh11

    Hi Mukesh,

    We are four friends.We are in process of beginning a internet startup.It will be kind of a classified site and we will be getting our revenue from the commisions.Pls advice:

    1.If we need to register our company or we can go ahead with just website
    2.If we need to register company,it shld be partnership firm or private ltd or sumthing else?
    3.What kind of taxes we will have to pay?

    Any other suggestions you can give us for this startup.

    Thanks,
    devesh11.

    • Ajj

      same doubt as devesh

  • devesh11

    Hi Mukesh,

    We are four friends.We are in process of beginning a internet startup.It will be kind of a classified site and we will be getting our revenue from the commisions.Pls advice:

    1.If we need to register our company or we can go ahead with just website
    2.If we need to register company,it shld be partnership firm or private ltd or sumthing else?
    3.What kind of taxes we will have to pay?

    Any other suggestions you can give us for this startup.

    Thanks,
    devesh11.

  • Michael Jegadish

    Sir,

    I am doing a Fish pickle business. Making at home and selling. Now I started making all kinds of pickles. I have registered in SSI and I am a single owner for my business. Is it necessary to take a FPO order and also VAT and CST to distribute in the shops. Please help me. I want to register my trademark also. Please help me. If possible how much expense will come to do all this registration.

  • Dillip Kumar Paramaguru

    Dear Sir,

    I want to open a proprietorship firm, in Gujarat. What documents I need? Whether any registration required.

    regards,
    dillip

  • Dillip Kumar Paramaguru

    Dear Sir,

    I want to open a proprietorship firm, in Gujarat. What documents I need? Whether any registration required.

    regards,
    dillip

  • aman

    Dear Sir,
    I want to open Sole Proprietorship business in Pest Control industry at Ludhiana . My account will not be more than 5 lakh per month. So will there be any need to pay any tax.
    what document will required to open a Pest Control company . The pest control provide Termite control, Rat control, Cockroach control services to residential customer .

    Please tell me if i need to register for VAT or services tax etc.

    thanks
    Aman kaur

  • aman

    Dear Sir,
    I want to open Sole Proprietorship business in Pest Control industry at Ludhiana . My account will not be more than 5 lakh per month. So will there be any need to pay any tax.
    what document will required to open a Pest Control company . The pest control provide Termite control, Rat control, Cockroach control services to residential customer .

    Please tell me if i need to register for VAT or services tax etc.

    thanks
    Aman kaur

  • tasneem mansuri

    Dear sir,

    I have some doubts if you can clarifyand help me how do go about .
    I want to start a business related to fashion & would have a modeling angensi in India. I wish that to be a sole proprietor .

    Now as you said it is not required to get registered, but when I hve models cuming in india on employement visa will that not be a problem, even how do i get a bank to open a saving or current .. what to do here ?

    Secondly, the name I am planning to use a name that no 1 in india has not used or registered by some company..

    Being an fashion agent and hve a sole proprietor for modelmanagement, do i hve to register for service tax now or later after i cross the amt that i need to pay taxes.
    how do i go about since i want to do it asap.
    really appreciate if you can answer all my query

    Warm Regards,

    tasneem mansuri

  • tasneem mansuri

    Dear sir,

    I have some doubts if you can clarifyand help me how do go about .
    I want to start a business related to fashion & would have a modeling angensi in India. I wish that to be a sole proprietor .

    Now as you said it is not required to get registered, but when I hve models cuming in india on employement visa will that not be a problem, even how do i get a bank to open a saving or current .. what to do here ?

    Secondly, the name I am planning to use a name that no 1 in india has not used or registered by some company..

    Being an fashion agent and hve a sole proprietor for modelmanagement, do i hve to register for service tax now or later after i cross the amt that i need to pay taxes.
    how do i go about since i want to do it asap.
    really appreciate if you can answer all my query

    Warm Regards,

    tasneem mansuri

  • Venkata S Rao

    Dear Sir,

    I am starting my own venture a management consulting service firm. It would be a sole proprietorship. My clients currently are not in India.

    However I have applied for Service Tax Registration and Labour Registration.

    Would I need any other registration?

    Thanks
    Venkata

  • Venkata S Rao

    Dear Sir,

    I am starting my own venture a management consulting service firm. It would be a sole proprietorship. My clients currently are not in India.

    However I have applied for Service Tax Registration and Labour Registration.

    Would I need any other registration?

    Thanks
    Venkata

  • Kapil Joshi

    Dear Sir,
    I am planning to start a proprietorship firm but as I will be dealing into exports I will be getting an IEC for my firm.
    Please advise if I need a trade license if my business activities are only hand embroidery and having staff not more than 8 people.
    Some Municipal Corporation people had approached a friend of mine having the same line of business and had asked them to furnish with Trade License.
    Can you please propose the neccessary documents (Shop and Establishment,Gomastha,etc)needed to carry out my business.
    Awaiting your precious advise.

    Thanks,
    Kapil Joshi.

  • Kapil Joshi

    Dear Sir,
    I am planning to start a proprietorship firm but as I will be dealing into exports I will be getting an IEC for my firm.
    Please advise if I need a trade license if my business activities are only hand embroidery and having staff not more than 8 people.
    Some Municipal Corporation people had approached a friend of mine having the same line of business and had asked them to furnish with Trade License.
    Can you please propose the neccessary documents (Shop and Establishment,Gomastha,etc)needed to carry out my business.
    Awaiting your precious advise.

    Thanks,
    Kapil Joshi.

  • manish

    I have a bank account in my personal name. I also have a PAN Card in my own name. I want to start export import business as merchant exporter. Can I start the business name as “JOSHI INTERNATIONAL”. Do I have to get the IEC Code in my own name or in the above company name. Please guide me.

  • manish

    I have a bank account in my personal name. I also have a PAN Card in my own name. I want to start export import business as merchant exporter. Can I start the business name as “JOSHI INTERNATIONAL”. Do I have to get the IEC Code in my own name or in the above company name. Please guide me.

  • Deepak Narain

    I wish to name my proprietorship firm as tufcorp.
    Is this allowed. I mean, having a word like corp or corporation in a proprietorship firm?

  • Deepak Narain

    I wish to name my proprietorship firm as tufcorp.
    Is this allowed. I mean, having a word like corp or corporation in a proprietorship firm?

  • Khushboo

    Dear Mukesh,

    I wish to start a sole proprietorship firm in the music business. In which the firm will launch audio CDs, DVDs, etc.
    Whether VAT and/or Service Tax is applicable on firm. Also kindly let me know that wats the process for doing the search for a name which is not already registerd as Trademark with any other company.

    I would be thankful to you for your early response to my queries.

    Awaiting your reply.

    Thanks
    Khushboo

  • Gaurav Kumar

    i HAVE SAME QUERY AS Mr. Manish Had on 30 Aug. Plz Reply

    I have a bank account in my personal name. I also have a PAN Card in my own name. I want to start export import business as merchant exporter. Can I start the business name as “XYZ INTERNATIONAL”. Do I have to get the IEC Code in my own name or in the above company name. Please guide me.

  • Anoop

    Dear Sir,
    I wish to export food products under my sole proprietorship. I stay in a rented location in a different state from my permanent address. Is it possible to have the sales & service tax AND DGFT registration from my rented address and modify the address later?

  • Anoop

    Dear Sir,
    I wish to export food products under my sole proprietorship. I stay in a rented location in a different state from my permanent address. Is it possible to have the sales & service tax AND DGFT registration from my rented address and modify the address later?

  • Manish

    Hi Mukesh,

    I want to know that for opening the sole-prop. firm what are the various formalities one actually have to do.
    suppose I want to start my bussiness in food processing, then what are the legal requirements I have to fulfill.

    Thanks & regards
    Manish…

  • Manish

    Hi Mukesh,

    I want to know that for opening the sole-prop. firm what are the various formalities one actually have to do.
    suppose I want to start my bussiness in food processing, then what are the legal requirements I have to fulfill.

    Thanks & regards
    Manish…

  • Dr.Nirmala

    Hi,

    I appreciate your services and the help that you are rendering. I have a few questions, which I think you could help me to get clarified.

    I am planning to start a training academy as a sole prop. concern. Is it advisable to start it in my own name or start it in my husbands name and me taking a salary?

    If I am going to start in my name, is there any restrictions to what designation I should use as the head of the academy?

    I learn that it is not necessary to register the firm. But the checks that I will getting for the services will be in the name of the company and I would require to open a current bank account in the name of the company. Will not the bank authorities ask for registration number and other such documents?

    If not what are the necessary documents required to open the current account for the sole prop. firm?

    Thanks in advance for the help.

  • sampathkumar

    i want to cange the propreitorship which was so long existed to my name. my son is a vendor for citi bank .and carrying so far inabsentia, Ie i was looking all the work. since i am employed in a public sector company. now i want to transfer the name of the companyin my name.only when the company name remains same i can continue as a vendor for citi bank.
    my son was having tin no0 and service tax number. is it possible to change the propreotorship in my name as the szme company?
    whether tin and service tax nos are to be changed or whetehr the appropriate authourities alloew them to do so,

    what is the procedure ? kindly reply immdly

  • sampathkumar

    i want to cange the propreitorship which was so long existed to my name. my son is a vendor for citi bank .and carrying so far inabsentia, Ie i was looking all the work. since i am employed in a public sector company. now i want to transfer the name of the companyin my name.only when the company name remains same i can continue as a vendor for citi bank.
    my son was having tin no0 and service tax number. is it possible to change the propreotorship in my name as the szme company?
    whether tin and service tax nos are to be changed or whetehr the appropriate authourities alloew them to do so,

    what is the procedure ? kindly reply immdly

  • Virender Ranga

    Very nice work sir, plz keep it up…

  • Virender Ranga

    Very nice work sir, plz keep it up…

  • ROHTASH

    RESPECTED FIRST TIME I SEEN UR BEAUTIFUL WAY OF ANSWERING.
    KINDLY HELP ME ALSO- I STARTED A SAMITI(UNION OF SOME PEOPLE) FOR THAT I HAVE LETTER HEAD AND STAMP BUT SHOULD I REGISTER THE NAME OF THIS UNION AND WHERE I SHOULD REGISTER THE NAME OF THIS UNION. KINDLY REPLY ME I WILL BE VERY THANKFULL TO YOU. THANX

  • ROHTASH

    RESPECTED FIRST TIME I SEEN UR BEAUTIFUL WAY OF ANSWERING.
    KINDLY HELP ME ALSO- I STARTED A SAMITI(UNION OF SOME PEOPLE) FOR THAT I HAVE LETTER HEAD AND STAMP BUT SHOULD I REGISTER THE NAME OF THIS UNION AND WHERE I SHOULD REGISTER THE NAME OF THIS UNION. KINDLY REPLY ME I WILL BE VERY THANKFULL TO YOU. THANX

  • MSS REDDY

    Dear Sir,
    I’m an Investor in Share Market from Home and have enough experience to manage Funds. so now I wanted to mobilise more Funds from my Friends & Relatives.
    I’ve two Demat A/Cs on me & my wife name. Receipts are to be given for the amounts collected from friends n relatives.
    eg: XYZ… Investment company(sole proprietorship) Amount = Rs.10,000/- received Signature : mssreddy
    My questions are
    1.IS IT NECESSARY TO REGISTER A COMPANY NAME FOR THIS TYPE OF HOME INVESTMENT BUSINESS??
    2.IF NEEDED WHERE & HOW TO REGISTER & WHAT ARE THE DOCUMENTS & AMOUNT & TIME NEEDED
    thaking you,
    mssreddy

  • J Shivaprasad

    Guide me weather service tax is applicable on transportation charges which is paid by a proprietor in a proprietorship concern

  • J Shivaprasad

    Guide me weather service tax is applicable on transportation charges which is paid by a proprietor in a proprietorship concern

  • Ram

    Sir,

    I am working as a consultant delivering project management services. My income is as follows:
    AY 2009-10: 9.5 Lakhs
    AY 2008-09: 10.2 Lakhs
    AY 2007-08: 9 Lakhs

    Expected revenue for 2010 – 2011: 16 Lakhs

    I have paid service tax with penalty for the AY 2009-2010 (i.e. on the 9.5 Lakhs) since I crossed 10 Lakhs mark in AY 2008-09.

    Sir, I will be thankful if you could clarify the following:

    i) Will I be required to pay service tax on the current year’s income of Rs. 16 Lakhs in AY 2010 – 2011 (especially since I did not cross the 10L mark in the previous year)

    ii) Is it necessary for me to maintain books of accounts and get my accounts audited by a CA

    Ram. SM.

  • http://www.dagur.us/welcome.php Simple Person

    Mukesh: Great replies. Thanks for helping out with all useful information.

    Others: Can’t you see that you have scared away Mukesh. The list of questions is repetitive. If you don’t have the time to scroll up and see the answers already available, how can you expect Mukesh to take the time out to reply to your repetitive question for free?

  • http://www.dagur.us/welcome.php Simple Person

    Mukesh: Great replies. Thanks for helping out with all useful information.

    Others: Can’t you see that you have scared away Mukesh. The list of questions is repetitive. If you don’t have the time to scroll up and see the answers already available, how can you expect Mukesh to take the time out to reply to your repetitive question for free?

  • Manoranjan Pattanaik

    Dear Sir,
    I want to start consultancy services in the name” U seek We serve”. It will be a sole proprietorship consultancy service provider. the main job will be to provide consultancy services on Employees Provident Fund, Income Tax and TDS etc. It is required to be registered?
    The Bank people are asking PAN for opening a Bank account. Can I open the Bank account in the name of ” U seek We serve” with my PAN as proprietor of the consultancy services?
    Kindly let me know in detail.

  • hari

    i want to change my firm name.how

  • hari

    i want to change my firm name.how

  • Khizer

    Dear Sir, I have very important query. I will be grateful if I get a quick reply.
    For the purpose of starting a sole proprietorship firm for trading in (zari / crystal embroidery stones) I got proprietorship deed prepeared through notary public.
    I will soon be going to open a current account for the purpose of doing business at earliest. I will be applying for vat/tin number after two weeks.
    I want to know Can I do business before applying for VAt/tin number or till it comes how can i probably bill ppl on vat items. How can i give tax invoices. ???
    Can u plz tell me what is the procedure of doing trading legally after setting up firm account till the arrival of vat/tin number .
    Do I have to pay service tax??

  • Khizer

    Dear Sir, I have very important query. I will be grateful if I get a quick reply.
    For the purpose of starting a sole proprietorship firm for trading in (zari / crystal embroidery stones) I got proprietorship deed prepeared through notary public.
    I will soon be going to open a current account for the purpose of doing business at earliest. I will be applying for vat/tin number after two weeks.
    I want to know Can I do business before applying for VAt/tin number or till it comes how can i probably bill ppl on vat items. How can i give tax invoices. ???
    Can u plz tell me what is the procedure of doing trading legally after setting up firm account till the arrival of vat/tin number .
    Do I have to pay service tax??

  • Varun

    Dear Sir,

    I would like to enquire about the laws pertaining to gaming. I deal with a new gaming equipment which is generally placed in various restaurants and bars on a revenue sharing basis.
    Could you please advise me what would be the basic requirements that I would have to fulfill and the applicable taxes.
    I’m not sure which entertainment tax is applicable on this kind of gaming entertainment. Also, it is purely cash, no tokens are given to the client in order to play, you can simply slip the money into the machine. Does that also pose any problem?
    I am a sole propreitorship, do I have to get a TIN as well?
    Very thankful to you for your help.

    Best regards

  • arun

    Hi Mukesh,
    Not sure whether its right forum to post my question but felt you may give proper answer to me.

    I have a property in Bangalore and had home loan in ABN AMRO, bangalore. Recently I moved to chennai and thought to get it transferred to Bank Of Baroda, chennai.
    After I submitted all original documents which I got from ABN AMRO. Now Bank Of Baroda is asking me to get the property register again in Registrar office, Bangalore.
    I want to know whether its necessary or not? Is it the same with all the banks? How can I do it done without bribing? How would it cost?

    Thanks in advance,
    – Arun.

  • http://www.ryangarments.com Taukir Ahmed

    Sir,

    I would like to start my Garments Export business in small level. so which type organization can i open? sole or partnership firm, i have rent property , so how can i start my firm and what documents are required? Please tell me entire information about Export firm to be start. should i registerd my firm or not?

  • http://www.ryangarments.com Taukir Ahmed

    Sir,

    I would like to start my Garments Export business in small level. so which type organization can i open? sole or partnership firm, i have rent property , so how can i start my firm and what documents are required? Please tell me entire information about Export firm to be start. should i registerd my firm or not?

  • Kashif Sami

    Mr Mukesh,

    Thanks a lot for all the info you have put up on this blog. It has been very helpful in helping me plan out my sole proprietorship firm.

    May God guide you and bless you.

  • Kashif Sami

    Mr Mukesh,

    Thanks a lot for all the info you have put up on this blog. It has been very helpful in helping me plan out my sole proprietorship firm.

    May God guide you and bless you.

  • pramod kumar

    Dear Sir,
    I am pramod kumar, running a computer centre, cyber cafe & computer repairing and maintenance work.
    What type of registration will suitable to me.

    Or what is the process of it.

    Because student says that is your institute is registered or not.

    But i will we informed that no registration is required for sole propritership.Only Advocate declaration is suitable for it.

    Please solve my problem.

    Also my turnover is also less

  • Pawan

    I am a Individual Lisence insurance advisor, would like to start in a company name Viz ‘xyz insurance’ service. what are the legal formalities i need to do. please advice.

  • Pawan

    I am a Individual Lisence insurance advisor, would like to start in a company name Viz ‘xyz insurance’ service. what are the legal formalities i need to do. please advice.

  • surendra

    hi sir. i know that it is not necessary to register a proprietorship firm. But if i want to register it where i have to go to register i delhi in punjabi bagh area, and what documents are require me for that.
    thanks
    surendra5412@yahoo.co.in

    • http://www.mukeshraj.com/ mukeshrajco

      No documents required for registration with Delhi shop & establishment. Just go online and fill the form.

  • surendra

    hi sir. i know that it is not necessary to register a proprietorship firm. But if i want to register it where i have to go to register i delhi in punjabi bagh area, and what documents are require me for that.
    thanks
    surendra5412@yahoo.co.in

    • http://www.mukeshraj.com/ mukeshrajco

      No documents required for registration with Delhi shop & establishment. Just go online and fill the form.

  • kirtika

    sir,

    i have started a educational institution with the name xyz institute without any reg. or opening any account in the name of institute
    bt now some more institutes started using my name so what would i do
    shoul i take trade mark or reg. my institute name

    plz reply soon

    • http://www.mukeshraj.com/ mukeshrajco

      Yes, to protect your brans name you should go for Trade mark registration.

  • kirtika

    sir,

    i have started a educational institution with the name xyz institute without any reg. or opening any account in the name of institute
    bt now some more institutes started using my name so what would i do
    shoul i take trade mark or reg. my institute name

    plz reply soon

    • http://www.mukeshraj.com/ mukeshrajco

      Yes, to protect your brans name you should go for Trade mark registration.

  • amit kaushik

    What is the procedure for getting service tax registration no. in Ghaziabad ( U.P)

    • http://www.mukeshraj.com/ mukeshrajco

      Please file application in form ST-1 and attach copy of PAN card and Address proof of the Business Premises. You can also register online through service tax department website http://www.aces.gov.in/

  • amit kaushik

    What is the procedure for getting service tax registration no. in Ghaziabad ( U.P)

    • http://www.mukeshraj.com/ mukeshrajco

      Please file application in form ST-1 and attach copy of PAN card and Address proof of the Business Premises. You can also register online through service tax department website http://www.aces.gov.in/

  • Ruchi

    Hello Mukesh Ji,

    We are planning to start a business of office stationery shop in Delhi. need your advice on below:

    1. We are planning for a Partnership Firm, what is the procedure to Register it?
    2. How much cost is invloved to Register a Parternship Firm?
    3. Do we need to register with any of the tax authorities?
    4. Can I also start a sole Proprietor Ship
    Regards

    • http://www.mukeshraj.com/ mukeshrajco

      To start a partnership firm is first prepare a partnership deed and pay stamp duty as prescribed by the law. Further you should register your partnership firm with Registrar of Firm. For Delhi area Registrar of firms is situated in Udyog Bhawan, Patparganj Industrial Area. You have to obtain a PAN (Permanent Account Number) for your partnership firm also.
      If you are doing solely then you can start a sole proprietorship aslo.

  • Ruchi

    Hello Mukesh Ji,

    We are planning to start a business of office stationery shop in Delhi. need your advice on below:

    1. We are planning for a Partnership Firm, what is the procedure to Register it?
    2. How much cost is invloved to Register a Parternship Firm?
    3. Do we need to register with any of the tax authorities?
    4. Can I also start a sole Proprietor Ship
    Regards

    • http://www.mukeshraj.com/ mukeshrajco

      To start a partnership firm is first prepare a partnership deed and pay stamp duty as prescribed by the law. Further you should register your partnership firm with Registrar of Firm. For Delhi area Registrar of firms is situated in Udyog Bhawan, Patparganj Industrial Area. You have to obtain a PAN (Permanent Account Number) for your partnership firm also.
      If you are doing solely then you can start a sole proprietorship aslo.

  • Karnika

    Hello Sir,
    I have the sole proprietorship business of handicraft and paintings.
    What all legal documentation I need.
    Do I need to get VAT no.?
    what if I go for exports, is any more formalty required?

    • http://www.mukeshraj.com/ mukeshrajco

      If you are purchasing and selling goods in the same state till the turnover of Rs.10 lakh no VAT registration required. But if you are selling goods outside state even export also, you have to register for VAT. In case you want to export then you need Import -Export Code (IEC Code).

  • Karnika

    Hello Sir,
    I have the sole proprietorship business of handicraft and paintings.
    What all legal documentation I need.
    Do I need to get VAT no.?
    what if I go for exports, is any more formalty required?

    • http://www.mukeshraj.com/ mukeshrajco

      If you are purchasing and selling goods in the same state till the turnover of Rs.10 lakh no VAT registration required. But if you are selling goods outside state even export also, you have to register for VAT. In case you want to export then you need Import -Export Code (IEC Code).

  • Sambaditya

    I o run a ad agency in Kolkata, and revenue is less than 8 lac p.a. and its a sole Proprietorship firm. Do I need to obtain a service tax registration for that?

  • narayanan nayagan

    dear mukesh

    currently i am living in dubai and would be leaving to india ( chennai ) once for all in the next month.
    and would like to start my own proprietory business by doing financial services and advertising /marketing solutions to clients and companies in chennai.
    is there any specific permission or licence i should have to do that since i will be doing from my home as the main address and contact point
    could u pls advise what should i do

  • http://www.eduresorts.com Vamsidhar

    Dear Mukesh

    I have started a Training Institute in Hyderabad and training students for competitive exams. Should I need to register my firm? It is a proprietorship firm and hence I feel that it is not necessary to register. Please advice

    Would it be sufficient if I take the Service Tax registration Number and open a bank account separately for the proprietorship firm?

    Please advice as I am planning to start up my operations asap in Hyderabad.

  • B.S.SOHI

    Dear Mukesh

    I have just started an education Consultancy In Australia as a Solde trader.I aslo wanted to open an Branch office in India in Punjab.I have read the discussion in ur blog which gives the answers of my many questions.But few questions i would like to discuss with you that

    1.Can i open my branch office in India as Sole properitership.

    2.Can i aslo open more than one branch offices in other states in India and in Punjab as well as a Sole properitorship firm.

    3.Can i transfer or use my Sole properitorship firm/ business name to regiser For Pvt.Limited Company after 1 or 2 years later.

    4. Can i appoint manager or CEO of my company who look after while i am living in Austraila or Overseas

    5.Does pvt.limited company registration will secure my business name for a life or a Trade mark registration will secure my business name for long life.

    I will be apreciate if you advise me for my queries.And i am very thankful for your help and your services you provided to the community.I am looking forward to hear from you .Thank You

    With Regards

    B.S.SOHI

  • B.S.SOHI

    Dear Mukesh

    I have just started an education Consultancy In Australia as a Solde trader.I aslo wanted to open an Branch office in India in Punjab.I have read the discussion in ur blog which gives the answers of my many questions.But few questions i would like to discuss with you that

    1.Can i open my branch office in India as Sole properitership.

    2.Can i aslo open more than one branch offices in other states in India and in Punjab as well as a Sole properitorship firm.

    3.Can i transfer or use my Sole properitorship firm/ business name to regiser For Pvt.Limited Company after 1 or 2 years later.

    4. Can i appoint manager or CEO of my company who look after while i am living in Austraila or Overseas

    5.Does pvt.limited company registration will secure my business name for a life or a Trade mark registration will secure my business name for long life.

    I will be apreciate if you advise me for my queries.And i am very thankful for your help and your services you provided to the community.I am looking forward to hear from you .Thank You

    With Regards

    B.S.SOHI

  • sachin

    dear sir,
    i have visited webblog,u r just giving great support…
    i want to start my own mlm/refferal company,and i will earn money by making members into my system by provide them webbased products.
    i want to ask:
    1>should i go for sole proprietorship or partnership,
    2>is company registration required…?
    3>is service tax number req?
    4>is pan card req>
    5>how much ivestment req to get registered..?

    pls mail me,
    thanks n regards,
    sachin
    sachin_p007@rediffmail.com

  • sachin

    dear sir,
    i have visited webblog,u r just giving great support…
    i want to start my own mlm/refferal company,and i will earn money by making members into my system by provide them webbased products.
    i want to ask:
    1>should i go for sole proprietorship or partnership,
    2>is company registration required…?
    3>is service tax number req?
    4>is pan card req>
    5>how much ivestment req to get registered..?

    pls mail me,
    thanks n regards,
    sachin
    sachin_p007@rediffmail.com

  • http://none vinita kumar

    sir kindly provide me deatails of your officials in mumbai. I want to setablish a partnership firm. Need professioanl ervices and guidance for the same.

  • vijaykumar

    dear sir,
    i along with friend we r starting a computer firm where we are going to sell asssemlebd pc….we will be handling it frm home……basically our service is like everything at ur doorstep……so do we need to register ??? we are yet to start..
    kindly advice us..thanking u.

  • vijaykumar

    dear sir,
    i along with friend we r starting a computer firm where we are going to sell asssemlebd pc….we will be handling it frm home……basically our service is like everything at ur doorstep……so do we need to register ??? we are yet to start..
    kindly advice us..thanking u.

  • Karan

    Myself Karan Sonar.
    I worked for more than 6 years in software industry (in India and in Abroad). Now I am planning to start a software firm.
    Firm Type: Sole Proprietary
    Nature : Provide outsourced software solution provider, web site development
    Place : Pune, Maharashtra

    I have some question as follows:
    1. What I need to do to start the business
    2. Do I need to register sole proprietary firm?
    3. Do I need commercial place or can I start from my home?
    4. Can I start as proprietary firm initially & later on convert to Pvt Ltd. firm?
    5. Do I need to register for service tax, VAT anywhere?
    6. How should I invoice to Clients.

    My Contact Details:
    Name: Karan Sonar
    Email: karan_sonar80@yahoo.co.in

    I have got one project from US to work on. So your help will be great help to me.

    Waiting for your brief reply.

    Thank you once again,
    Karan Sonar

  • vandana walia

    I need to register my propietory interior design firm in Jamshedpur,Jharkhand,Orissa.
    My firm is already registered in kolkata.
    Need to know the procedure for the same.

  • http://WordPress.com vandana walia

    Request u to help me to know the process of registering my interior design firm in Jamshedpur,Orissa,Jharkhand…………….for us to do turn key projects in those areas,

  • nayanpoddar

    Dear Mukeshji,

    I have heard a lot about your expertise in this area. I am interested in starting an online marketing company wherein i would be promoting companies online through advertisement and sending emails. I would be receiving payment in INR as well as foreign currency. Do I require only a service tax registration number? Is there any thing else required at my end? Pls guide me

  • Ram Murthy

    Hi Mukesh,

    We have registered even though we haven’t started our business. I s it necessary to file service tax returns.It has been registered as partnership firm. Please guide me how to file it and when to file it.

    Regards,
    Ram Murthy.R

  • Ravi

    Very useful information.
    Good work, keep it up.

  • Ravi

    Very useful information.
    Good work, keep it up.

  • Lnjha

    Dear Mukeshji,

    First I would like to thank you for helping and guiding several new aspirants.

    I am retired senior citizen, I am planning to start a sole Proprietorship Firm which will deal with manpower recruitment as well as it will Provide Financial Advisory Service.

    1. For starting the firm which will majorly get involved with the following two services :- Manpower Recruitment Agency / Financial Advisory Service. Pl let me know what compliance we need to do.

    2. Pl explain Taxation Aspects for this Proprietorship firm, should it be registered.

    3. Alternatively if i start Partnership firm, whether the same needs to be registered and what will be the taxation aspects wrf to Partners.

    Thanking You.

  • Lnjha

    Dear Mukeshji,

    First I would like to thank you for helping and guiding several new aspirants.

    I am retired senior citizen, I am planning to start a sole Proprietorship Firm which will deal with manpower recruitment as well as it will Provide Financial Advisory Service.

    1. For starting the firm which will majorly get involved with the following two services :- Manpower Recruitment Agency / Financial Advisory Service. Pl let me know what compliance we need to do.

    2. Pl explain Taxation Aspects for this Proprietorship firm, should it be registered.

    3. Alternatively if i start Partnership firm, whether the same needs to be registered and what will be the taxation aspects wrf to Partners.

    Thanking You.

  • Patel from Gujarat

    Hello Mukesh Ji,

    can I operate two sole proprietorship firms from the same office address. Both services firms provide services in different fields.

    Thanks

  • Patel from Gujarat

    Hello Mukesh Ji,

    can I operate two sole proprietorship firms from the same office address. Both services firms provide services in different fields.

    Thanks

  • samta kumari simmy

    I am in process of starting a proprietary firm and will render interior designing services. I am also working as executive director in a private limited company. Please let me know how to set up the firm and register its name as trademark and can I register this proprietary firm later into private ltd company?
    My other question is i have my own individual bank account, passport, pan no on my name. My income would be less than 10 lakh. Do i need to get myself registerd under service tax and also under VAT . Please let me know.

    Also let me know the procedure to get the trademark. Do i get my trademerk first registered. Please give me the suggestion about the names for the properitorship ie what to consider. I want to start the services from my home. Can i do that??

  • samta kumari simmy

    I am in process of starting a proprietary firm and will render interior designing services. I am also working as executive director in a private limited company. Please let me know how to set up the firm and register its name as trademark and can I register this proprietary firm later into private ltd company?
    My other question is i have my own individual bank account, passport, pan no on my name. My income would be less than 10 lakh. Do i need to get myself registerd under service tax and also under VAT . Please let me know.

    Also let me know the procedure to get the trademark. Do i get my trademerk first registered. Please give me the suggestion about the names for the properitorship ie what to consider. I want to start the services from my home. Can i do that??

  • Antriksh Bainiwal

    Dear Sir

    Plesae advice me that i am intrested opening a prprietorship firm for hotels marketing, i would like to inform you that the hotels is not my own, we are geting type and i will do start marketing to them under my firm as ” Vanshika Hotels”

    I am also planed to open curran account for my company name,

    When i visit the bank he told me that we required some company entity proof.

    Please advice me what we required for the start thr same.

    Looking forward to your support so we can plan accordingly.

    Best Regards

    Antriksh Bainiwal

  • sara bansi

    Dear Sir, Iand my husband inherited some shops in india and get a rent paid. Can Iand my husband open a sole proprietorship or should we do a partnership or a limited company. We live in USA but are indian citizens. Can we claim our travel expenses to India from usa as we go once or twice a year to oversea things.

  • Abhinav

    Dear Sir,

    I want to start a sole proprietorship firm which will sell software products in India and abroad.

    Please brief me about the registration and taxation norms that I have to follow.

    And can I use my PAN number for the firm?

    Thanks and Regards,
    Abhinav

  • Hardik Brahmbhatt

    Dear Mr. Mukesh,
    I am planning to start an EXPORT Business of SPICES. Apart from getting a certificate from Spice Board of India what else do I need to do. I mean any other process do I need to follow. Here I am planning for a partnership firm.
    Regards,
    Hardik

  • Hardik Brahmbhatt

    Dear Mr. Mukesh,
    I am planning to start an EXPORT Business of SPICES. Apart from getting a certificate from Spice Board of India what else do I need to do. I mean any other process do I need to follow. Here I am planning for a partnership firm.
    Regards,
    Hardik

  • Praveen Chandrasekar

    Hi Mukesh,

    Firstly i would like to appreciate your efforts and Thank you so much for this am sure this is of great help to a lot of us.

    I am planning to start a Manpower Consultancy in Chennai.

    1)Should i register my Company ?
    2)Will i get a TIN only if i register my company.

    This company is going to be a single owner company.

  • Girish

    Dear Mukesh Sir

    We have Proprietory manufacturing firm & we want to convert the same into Private limited Company with change in name. Please let me know the procedure

    Thanks & Regards

    Girish Yemul

  • P Naga Udaya Bhaskar

    Hi,

    I want to start a small Pnub capital Services firm (Sole Proprietorship). LOB: investments on securities.

    Please help me how to setup the business and what are the satituatory part i need in this?

    Advise me @ pnubcapital@yahoo.in

  • http://nil afzal

    Dear sir, iam going to start a garment shop very soon in chennai ,,, it dont know whether i have to register my shop or can i start it without any registration,, it is necessary to get a tim nunber on the bill book

  • Punit

    Hi,
    I am planning to start some internet access business , what all is required to start a Proprietorship firm?, is it nessasary to create between two partners or i can start with me alone?, Can i take my residence and office address same ? do i need to register my firm with labor court?, provably service tax registration is required. and what all is required to open a Current acount ? Please suggest , I’ll greatfull to you.

    Thanks
    Punit

  • Demitrias

    Mr Mukesh
    Really appreciate the info in this blog.
    I am 21 yo and have started a small web design business from my residence. Over the last week i have been trying to open a current account but have been unsuccessful. The problem is that all banks are asking for documents relating to municipal permissions. When i tell them that i can submit my proof of Propreitorship on a stamp paper by a CA they are asking for additional documents. Is there no way a students starting a small business from his parents house can apply for a current account in this country? Its very discouraging!

    • Raymond Hill

      They are right in asking municipal permission because residential premises cannot be used for business activities. So you would need the right place to start your business legally.

  • Demitrias

    Mr Mukesh
    Really appreciate the info in this blog.
    I am 21 yo and have started a small web design business from my residence. Over the last week i have been trying to open a current account but have been unsuccessful. The problem is that all banks are asking for documents relating to municipal permissions. When i tell them that i can submit my proof of Propreitorship on a stamp paper by a CA they are asking for additional documents. Is there no way a students starting a small business from his parents house can apply for a current account in this country? Its very discouraging!

  • http://na Dr Mukesh Chaudhary

    Greetings Sir..

    I m planning to start a Consultancy / Trading Firm for Health Insurance Services wherein I would b dealing in Pharmacy Marketing, Insurance Policy Selling etc.,

    Kindly advice :

    1) Wt is required to start this Venture ?
    2) This would involve few of Friends / Relative as Partners.
    3) Whr sd V approach for Registration / Service Tax etc.,

    Thanking You,

    Yours truly,

    Dr Mukesh Chaudhary
    dr1978mukeshc@gmail.com

  • srinivasarao

    Sir,
    I would like to form a private company with three partners. It is for marketing and servicing sector. Do i need to register, if yes what are the steps and documents required for this. Reading to the above discussions, gathered information that maintenance is high. what are the maintenance cost and what are the areas to maintain. Please provide me the information. Thank you verymuch.
    Prompt reply is appreciated.
    Regards
    srinivas

  • srinivasarao

    Sir,
    I would like to form a private company with three partners. It is for marketing and servicing sector. Do i need to register, if yes what are the steps and documents required for this. Reading to the above discussions, gathered information that maintenance is high. what are the maintenance cost and what are the areas to maintain. Please provide me the information. Thank you verymuch.
    Prompt reply is appreciated.
    Regards
    srinivas

  • http://None Gitu

    Respected Sir,

    First of all thanks for such a wonderfull site which helps people to get rid of there problems. Here i would like to answer my some personal question about new Firm.

    1. Is there is any registration Required to open an sole proprietorship firm.

    2. Did i need to open an currency bank account with the firm name .

    3. Can i open a web site for my firm. So that no one can claime my company futhere.

    4. Later can i convert my proprietorship firm to pvt limited.

    5. If my client charge service tax what are the steps i have to taken up.

  • Archana Ajay

    Dear Sir,

    I would like to start a new photo studio. What are the registrations i required for it. Photos are printing from out side lab and deliver through us.

  • abhishek kumar

    i want to start my placement consultancy service?wheather it is mandatory to get the name of my firm registered?wheather service tax registration is mantatory?

  • nayanpoddar

    I am interested in starting an e marketing company wherein i would be promoting companies online through advertisement and sending emails. I would be receiving payment in INR as well as foreign currency. Do I require only a service tax registration number? Is there any thing else required at my end? Pls guide me

  • Sagar

    Dear sir
    I want to open one sole proprietorship. If I use name as XYZ group & corporation for sole proprietorship firm. Is this ok.

  • Prashant Prasun

    sir,
    i want to open a cyber cafe and digital studio.i am the Propreitor of this company.do i need to registered my shop?i am opening this shop in a rented house.please suggest me…………

  • NILESH GAJMAL

    Can Pvt Ltd Company in mumbai can be converted to partnership firm with same directors
    & what is the procedure

    • http://www.mukeshraj.com/ mukeshrajco

      You can convert a private limited company into Limited Liability Partnership (LLP) and with this new budget 2010 you will also be exempt from capital gain on conversion of private limited company to LLP with certain conditions.

  • NILESH GAJMAL

    Can Pvt Ltd Company in mumbai can be converted to partnership firm with same directors
    & what is the procedure

    • http://www.mukeshraj.com/ mukeshrajco

      You can convert a private limited company into Limited Liability Partnership (LLP) and with this new budget 2010 you will also be exempt from capital gain on conversion of private limited company to LLP with certain conditions.

  • Sheetal

    Hi! I am in General Insurance Business and want to start own Agency for the same. and would like to start sole proprietorship business .
    So how to start with sole proprietorship business .
    What is the procedure.
    Please Help Me for the same.

    Thanks.

  • nil

    I want start a sole propreitorship. We are into ITES. With 4 employees. We provide services internationally.

    What is the procedure for starting it?

    How to open a bank account

  • HAQ

    hi Mukesh,

    First of all let me tell you , you are doing a gr8 job by helping people .

    EvenI have some queries please help me out.
    Im planning to start a business it involves exports of many kind of things like food grains ,
    poultry , granite tiles etc . now my questions are:

    1 . Can i start a Sole Proprietorship and carry out such activities ?
    2. Can i run this business from home ?

    please help me out im willing to start my own business .
    i need your suggestions.

    thankx .

  • sumanta basu

    Dear Sir, I want to start my sole proprietoeship business. where should I contact for Trade Mark and business name registration in North Kolkata.

  • Sudhir Darji

    Dear Sir,

    I want to start business as sole proprietorship in the filed sales & service of industrial automation products.
    What kind of tax registration are required ?
    How can i get license for my business?
    What is required to open bank account in the name of company?

    Pls. let me know about my quaries as early as possible.

    Thanking You,
    Sudhir Darji

  • Sudhir Darji

    Dear sir,

    Pls. consider the following comments to my earlier conversation.
    I am getting my material from delhi & reselling it to my local area within Gujarat.

    Thanking you again.
    sudhir darji

  • shreyasvbabu@gmail.com

    Dear sir,
    im frm bangalroe. i want to start a business like home interiros. as i will be dealing with most reputed buldier in city. so i hope registering the compay would be must for trust sake. so kindly suggest me on this. ?. futher i would like to what cost and procedure are involoved in regestering the company. as there is no partner im only the owner.

  • manoj nair

    Dear Sir .

    My question is if i start online ecommerce portal where i sell gaming product , electronic gadget , computer accessories and other goods in same category .

    in online ecommerce business most off our customer are from all over india .

    can i start my proprietorship firm from my home .

    what are the basic registration require to start sole proprietorship firm , do i require compnay pan card too .

    how much it will cost us for over all registration include our company name , vat , cst trademark , and etc .. how long its take for all registration , i locate in mumbai borivali .

    how much ( C A ) charge for my accounting , because in ecommerce portal 70 to 80 percent off my time will be their . i can only handle the billing from my end .

    waiting for your valuable reply ..

    manoj n nair

  • rahul

    dear sir,
    I want to start a business (sole proprietorship) and i want to run my office from the place which will be on the rent. I want to provide various services like advertising & promotion, event & wedding management, placement consultancy and small land construction under that. I want to know that is there any kind of a registration or some legal formalities necessary for it and plz guide me that does any service taxas are applied for it which i have to pay.
    please reply me as soon as possible……

  • rahul

    dear sir,
    I want to start a business (sole proprietorship) and i want to run my office from the place which will be on the rent. I want to provide various services like advertising & promotion, event & wedding management, placement consultancy and small land construction under that. I want to know that is there any kind of a registration or some legal formalities necessary for it and plz guide me that does any service taxas are applied for it which i have to pay.
    please reply me as soon as possible……

  • Nirup

    Hi
    If i open a proprietary company and after 8 months i become a NRI , then what is the status of the company . Can it be runas before,should it be transferred to someone else or should i close the company.

  • Nirup

    Hi
    If i open a proprietary company and after 8 months i become a NRI , then what is the status of the company . Can it be runas before,should it be transferred to someone else or should i close the company.

  • nayanpoddar

    Dear Mukeshji,

    The bank does not open a current account as there is no registration? Can you pls guide with what docuement should I approach the bank for opening a current account so that they can not reject the application.

  • Ayesha Sadiq

    Sir

    I want to open a business as sole proprietorship.I would like to know the tax benefits for women entrepreneurs.

  • Gaurav jaiin

    Hi,

    This is gaurav jaiin and lives in chandigarh, i want to know that how to register a spice firm in india.

    gaurav

  • Rajesh Chouhan

    Dear Sir,

    I want to start a sole propritorship firm in the name of wife. It wud be reselling of promotional gift items, electronic products, Commission agent( middle man) earning commission between seller and buyer.

    Pls advise the procedure to register a proprietorship firm and how to optain a CST/LST /VAT/TIN /service registration no for the new firm.

    Awaiting for your guidance….

    Rgds,
    Rajesh

  • manoj nair

    Dear Sir .

    My question is if i start online ecommerce portal where i sell gaming product , electronic gadget , computer accessories and other goods in same category .

    in online ecommerce business most off our customer are from all over india .

    can i start my proprietorship firm from my home .

    what are the basic registration require to start sole proprietorship firm , do i require compnay pan card too .

    how much it will cost us for over all registration include our company name , vat , cst trademark , and etc .. how long its take for all registration , i locate in mumbai borivali .

    how much ( C A ) charge for my accounting , because in ecommerce portal 70 to 80 percent off my time will be their . i can only handle the billing from my end .

    waiting for your valuable reply ..

    manoj n nair

  • Kamal Sharma

    I have proprietorship company I had regestered in service tax department and my service turnover not crossed Rs. 10 Lac and am Not paying service tax but I am receiving service tax in my creditors bills, Can I take input credit of service tax and vat in this case or I hv to book the full amount of bill in expenses only.
    Is it compulsary to file the service tax return after registeration in service tax department.

    How should I file the return Half yearly or quarterly or not required.

  • Pawan

    Hello Sir,

    Hope You are doing well!Well i am planning to sell educational CD’s to schools and launch a Paid member ship website for the same in India.

    I would really appreciate if could answer few question for me as given below about sole proprietorship .

    1. Can the name contain “INC.” in it? I mean, can it be named something like “ABC Inc.”

    2.Where do i get sole proprietorship register in ghaziabad. and where should i get the Trade mark registration.

    4. If there is no registration, that means any 2 companies/sole proprietorships can have the same name which can give rise to frauds etc. or create confusions if they’re in the same industry? Whats the solution to this?

    5. How will I know the items which come under VAT/sales tax/service tax?

  • Pramod Dubey

    Your suggestions are very helpful.
    I want to build a matrimony website in india. I want to be the sole proprietor of the website. Do i need to register my website separately with the legal authorities. How do i show to the govt that i am owning this website. How do i register myself to pay tax and what tax should i pay

  • Rakesh

    Dear Sir,

    Is it possible to register our firm in a residential apartment?

    • Milind

      yaa its possible

  • Rakesh

    Dear Sir,

    Is it possible to register our firm in a residential apartment?

  • http://www.maapoduru.com Laxmana Rao G

    Dear sir,

    I recently setup small computer education institution in my village, my students asking for a certificates, but I’am not registered my company name, shall i provide the certificate to them with my company stamp please give your opinion If i provide the certificate with my company stamp, the certificate it will be valuable for the students or not please give your opinion on the this issue I waiting for rep

  • Prabhash

    Hello MUKESH JI,
    How easy or difficult it is to move from proprietership to partnership or pvt. limited compay?

    Thanking you in advance
    Prabhash

  • arif khan

    Dear Sir,
    We registered a pvt ltd company in July 2008, but no work was done, and no filing is done yet. Now I want to run this co. We are in computer education business. Is it necessary to register for VAT and Service Tax.

    Thanks

  • Sudhakar

    Dear Mr. Mukesh
    Currently I m working for a society and looking forward to start my own business & want to get in to stationery items, as a retailer/ wholesaler and also want to be a supplier of govt. dept.
    Kindly suggest me about the documentation required in this.
    Waiting to hear from you.
    With Regards
    Sudhakar Sharma

  • http://www.skiponemeal.org Nana Arora

    Dear Sir,

    I have two separate business ideas and would need to keep two different entities for accounting/name of co. etc. for prospective clients…

    can I start two separate businesses under sole proprietorship?
    is it necessary that the combined revenues be less than 10L
    or
    would it be the individual business’ revenues be less than 10L for the service tax be not applicable.

  • http://www.lekhas.com Lekhas

    Dear Sir,
    Can you kindly suggest me a site that explains the procedures involved in opening up a company or a firm in partnership with a foreigner ?
    Thanks

  • http://no Sumit Singh

    Dear Sir,

    I want to start a online Language service business ie a Translation agency as a sole propritorship. For this I have to create a website and hire some human resources.
    My quarries are:

    1. Should I register its name (XYZ)? If yes where?
    2. Should I register its logo or punchline, If yes, then where?
    3. Should I register my company with Service Tex dept.
    4. I want to launch this company from my residential flat, any legal problem in doing so?
    5. Should its bank account be separate, with company’s name?
    6.should I register it with Income tax dept, any any corporate Income tax would be applied on me?

    Waiting four kind and valuable reply.

    I am waiting

  • yuvraj

    dear mikeh i want to open a small consultancy firm jst guide me do i need to register myself with delhi govt or notkindly provide me simple steps to open my busssiness

  • Sachidananda Nayak

    Sir is it necessary to get registration for setting proprietorship business in the name of the Company

  • http://www.unisols.in Praveen

    Dear Sir,
    We are in the business of software sale. The software is from France. Right now ours is propreitorship firm. Is there any limit for Propreitorshio firm on foriegn transaction as for every sale I have to pay the principal company in France. Do I have to convert this to Pvt Limited Firm. Please guide me.

  • Laxmidas Shenoy

    Hi,You can contact us @ 9702964836 / 9324602466 for consultancy works related to Accounts,Taxation ( Sales Tax,Profession Tax,Service Tax etc etc).We are Thane & Mumbai based partnership firm.We can do all types of accounting & tax related jobs.

  • budding

    I don’t have a question but I appreciate what you are doing here. Great info. This will help our nation to develop as a super power. will bookmark it. Thanks again!

  • Nazeer

    SIr, I hv started a Sole Proprietorship company and opened a Current A/c with the bank. No other registrations taken. I am acting as an authorized distributor of a Wheatgrass Powder manufacturing company. It is an agricultural/natural organic product. I am selling the same in my brand name. It is necessary to take other registration for my proprietorship frim? If i started a helping hand consultancy in this name, is the service tax applicable?

  • Umang Shah

    Dear Sir,

    I have no partners and am running sole proprietor at present.I wanted to convert it in to Pvt.Ltd. to add more credibility.As i dont have any partner with me..what are the options available…Kindly suggest…

  • Tia

    Hi,

    I am opening a designing, printing & advertising firm on a sole proprietorship basis. I’ll be working only in my state.

    Do i need to get the CST no. or PAN no. or TIN no. ?
    What are they actually meant for ? Do I need any of the above mentioned numbers.
    I am about to register in service tax dept. for service tax no.

    Please help me.

  • Anubhav

    Nice information

  • Anubhav

    Nice information

  • ArvindKumar Pandey

    Sir,

    I have started a wholesale business of ready-made garments in delhi. I have three sales man in my shop. So I want to know that any registration is required for me, someone have suggests me that take the registration of Delhi shop & Registration.

    This is my kindly requist please advise me.

    Thanks,

  • Neha

    Dear Sir,

    Thanks for all the valuable info that you have provided. I am planning to start a proprietary business in the form of a personality grooming centre. I have thought of opting for service tax registeration to avoid any complications in the bank. Do I need to obtain any license for my grooming centre ?

  • neeraj

    sir,
    can i change properitorship company into pvt ltd company and pls tell me procedure and total cost and time.

    • http://www.mukeshraj.com/ mukeshrajco

      Yes, you can convert your sole proprietorship into a private limited company. Procedure is same as to incorporate a new company except you must include conversion of sole proprietorship in the main object of the company. To save the capital gain you must comply the conditions mentioned in section 47(xiv) of the Income Tax Act. Cost depends on the authorized capital of the company.

  • neeraj

    sir,
    can i change properitorship company into pvt ltd company and pls tell me procedure and total cost and time.

    • http://www.mukeshraj.com/ mukeshrajco

      Yes, you can convert your sole proprietorship into a private limited company. Procedure is same as to incorporate a new company except you must include conversion of sole proprietorship in the main object of the company. To save the capital gain you must comply the conditions mentioned in section 47(xiv) of the Income Tax Act. Cost depends on the authorized capital of the company.

  • Mit

    Dear sir,
    I am a exporter of dress And my business going so fast and now these year business cross the limit of Rs 60,00,000 Now I am applicable for TAN no. and other thing is I want to pay profession tax also.
    and last Q. should I am liable to deducted TDS for creditor for payment is more than 500000 p.a. If it is applicable than what percentage it is.

  • Thara

    Where to go and register for Propritorship for the opening of a software company with one or two individuals.

  • Usha

    Sir,

    I wish to start an online business where I would be selling my products through internet both in India as well as abroad.It would basically an e-commerce business the products will be handicraft items,imitation jewellery,fabrics etc.I wish to start the business as a sole proprietorship firm intially .I went to the bank to open a current account for the same but they are asking for shops and establishment licencse .They are saying without the licencse they cannot open the account in the name of a properitorship firm.My business is going to be purely internet based and I will be doing it from my home.I do not have any intention of opening any shop, even then do I require the licencse.Also I would be selling the products to individuals and would be sending them to indian and foreign clients through courier .Do I require an IEC code too ,will selling the individual items come under import/export,they are not going to cost more than 5000 INR?What are the other legal formalities to be followed .Kindly guide kind me sir.Thanks in advance.

  • Suvo

    Dear Sir,

    Thank you for your support.

    I have planned to start a sole proprietorship firm, under which I shall be providing marketing consultancy service to small and medium sized businesses. I would like to know that my firm will fall under which taxes and where do I register for that?

    Many Thanks & Best Regards,

    Suvo

  • Akash T

    Dear Mr. Mukesh,

    I am planning to start my own HR consultancy firm on proprietorshhip basis. Can I use my residence address as my business address for Service tax registration and what about shop establishment licence ?

    Regards,
    Akash T.

  • Ajit

    Sir,

    I am interested in starting a properitorship company and will be doing business of selling of computers and accessories and other softwares and all. So I want to know what is the procedure of registration under properitorship and what is the cost involved in it and what all taxes I need to pay and do I need to take a separate PAN for my firm?

    I am expecting your answer in detail.

    I would be registering in delhi so would also like to know where to get it done and how and cost involved!

  • http://www.hefin.in/about.php Neil Dsouza

    Hi!
    Mukesh , Reading your comments and solutions was really very helpfull.Now I have a question.

    I am starting a Computer coaching classes in mumbai.
    I am getting an BMC licience for it.My investment budget is too low.
    I want to register it as a sole propritorship firm so as you say we need a Current Account that will be fine Am I applicable to service tax?
    I will also be providing certificates to students.Are there any legal procedures to start giving certificates etc.. to students…I am not taking any Franshisee as the cost is too high…Please email me your personal email address as i would also like to speak to u in person..
    Thankx
    Regards
    Neil Dsouza

  • TULA RAM

    sir, it was nice to see the responses from your side.

    sir, i want to open a service center for buses and heavy vehicals do i need to register it?

    If yes then what is the procedure, can the business be run on my behalf by someone in my absence?

  • Ankit Bidani

    Dear Sir,

    I’m planning to start export business under sole prop with the help of my friend based in Canada. To apply for IEC I need current account of my firm but bankers say i need to get it registered first. Is it true? if yes then how can i get it registered and from where?

    Pls help.

  • Hussain

    Dear Mr.Mukesh Sir,
    Is there any sole propritorship registration is required with service Tax?

    If the service tax registration is needed, what is the turnover limit?

  • Hussain

    Dear Mr. Mukesh Sir,
    I want to start a transport business (ie- container Carrier ) in sea port area as sole Propritorship. Is it required any service tax registration? what is the limit of turnover to register the business?

  • Prashant Chawla

    Hello Mr. Mukesh,
    I read the whole blog and i should say its a lot of hardwork and brains!
    I had a couple of Q’s:
    1. I did read that Sole Proprietorship can do trade but just to confirm, Can a Sole Proprietorship export from India to US.
    2. To make the business legal under all regulations and trackable for Tax, what all “Numbers or ID’s, for example: TIN, PAN etc” are needed and what departments can provide it. Does a sole proprietor business opening formalities vary if we use it fr Trade and for any local business?

  • Ankit Bidani

    Hi Sir,

    I want to start a new proprietorship firm for export of goods to Canada. But due to new guidelines (RBI/2009-10/461 RPCD.CO.RF.AML.BC. No. 83/07.40.00/ 2009-10 ) given by RBI it has become impossible for me to get a current account opened for my new firm. Please suggest how can i arrange for any of these required documents.

  • S.S.Rathore

    Dear Sir,

    I am doing trading business and my sale is less then 8 lac, in a year
    Is it compulsory for me to get Vat registration?

  • S.S.Rathore

    Dear Sir,

    I am doing trading business and my sale is less then 8 lac, in a year
    Is it compulsory for me to get Vat registration?

  • Girish

    Hello,
    I am planning to start a sole proprietory company and want to keep a name and create a website. I understood from the tags that i don’t have to register my company, but for opening a current account with a bank do i need to give application on my new co’s letter head?
    I will be operating as a consultant and will be paid a comission by my principle company.
    I also have a business plan of holding technical training classes for PGs. Do i need to have a TIN number to accept payment from the participants who register for the training?

    Thanks in advance

    Girish

  • Faiz

    Is it necessary to register a sole proprietorship company which has no more than 2 lakhs turn over per annum?

  • Nilesh

    Hi,
    We ( Me & my 2 friends) are planning to start a small book library cum sale unit. Do we need to register our firm/shop ? If yes then how ?

    Thanks
    Nilesh

  • Ruchi

    Sir
    Your article was quite informative and since I am also starting a sole proprietor concern in it was useful. In addition, if you could please guide me regarding :
    1.I will be buying the clothes from my relative in say Delhi and selling here, initially we are not adding a high margin on the clothes, so as to penetrate the market, so since I am not doing any value addition do I need VAT registration?
    2. If VAT/Service Tax will be levied, isn’t there a threshold limit below which registration is not mandatory?
    3. Will it be all right if I give the address of my rented house as office address?
    Thanks in advance.

  • Vishnu Swarnam

    Sir,

    I am planning to start Overseas Education Consultancy in Hyderabad. To start I will operate from home and later on take a proper office and shift. I am looking for some help and advice on How to start, like

    1. Do I need to take trade license?
    2. Do I need Service Tax?
    3. Do I need to register a company? As i am sole owner to this establishment.
    4. Do I need bank account with my firm name?

    Please advice if I am missing anything else.

    Regards
    Vishnu

    • http://www.mukeshraj.com/ mukeshrajco

      You services are liable for Service Tax. So you have to register with service tax after crossing minimum level. Further you can do it as sole proprietorship basis, but you should open a current account in the name of the firm.

  • Vishnu Swarnam

    Sir,

    I am planning to start Overseas Education Consultancy in Hyderabad. To start I will operate from home and later on take a proper office and shift. I am looking for some help and advice on How to start, like

    1. Do I need to take trade license?
    2. Do I need Service Tax?
    3. Do I need to register a company? As i am sole owner to this establishment.
    4. Do I need bank account with my firm name?

    Please advice if I am missing anything else.

    Regards
    Vishnu

    • http://www.mukeshraj.com/ mukeshrajco

      You services are liable for Service Tax. So you have to register with service tax after crossing minimum level. Further you can do it as sole proprietorship basis, but you should open a current account in the name of the firm.

  • ATUL

    hello sir,

    how do i get register my companies logo?
    its a sole proprietorship company.

    • http://www.mukeshraj.com/ mukeshrajco

      Go for a Trade Mark Registration.

  • ATUL

    hello sir,

    how do i get register my companies logo?
    its a sole proprietorship company.

    • http://www.mukeshraj.com/ mukeshrajco

      Go for a Trade Mark Registration.

  • Arbaaz

    Dear Mukesh,

    I understand that if you have a sole proprietor company, you are liable to personal income tax on your own PAN no .
    We actually provide software services to clients in India and abroad.
    If are customers are paying us in USD in our current account, are we liable to consider this foreign income in income tax calculations?

    Awaiting your reply. Thanks.

  • Arbaaz

    Hi Mukesh ,

    as stated earlier, just wanted to know if foreign income in USD is coming to my current bank account in India. Is it supposed to be included for income tax calculations on my pan card? i have a proprietary firm.

  • Jasmeet Singh

    Dear Sir
    How and where to go to get my NAME & TRADEMARK registered . How to secure Service Tax and Vat. As now if have to open bank a/c u need two of above, please guide and advice if someone can assist me by taking nominal fees
    Regards
    Jasmeet

  • B. SUBRAMANYAM

    dear sir,

    i have plan to start to new propertiship for trading all analyticalinstruments, chemicals, glassweres and other products.please send how to process .

  • MURTUZA

    Dear Sir,

    Can I start a sole proprietorship firm from my home for my online business of electronic payment systems with Firm & Trade Mark Registration only?

  • Debolina

    I want to start a online business (sole proprietorship) from my home which is on rent. I want to provide various services like advertising & promotion, event & wedding management, ticketing, placement consultancy and work as commission agent. Just creating a website & a current account.

    I want to know that is there any kind of a registration or some legal formalities necessary for it and please guide me that does any service taxas are applied for it which i have to pay.

    Please reply back

  • Rohan

    Sir,

    Even though registration of sole proprietorship firms is not necessary, if one wants to register, what is the procedure and expected timeline for it?

  • Puja

    Hi, My sole proprietorship is a theatre company. I stage plays and hold theatre workshops. Would it be necessary for me to register my company or get a shop assessment id. or for that matter, have anything to do with service tax. Most importantly, my income comes from ticket sales ad workshop fees, also sponsorship. So while adding to my income tax. Do I deduct my expenses and then treat it as profit or are the sales of tickets an income?

    • Vikram

      Hi Puja,
      My name is Vikram and I’m from Bangalore. I’m starting a theatre production house and have the same questions as you.
      I was wondering if you got any answers to your questions and if you could help me with any valuable suggestions and input in this regard.
      My email address is barkingdogproduction@gmail.com
      Thank you for your time in advance.

  • Puja

    Hi, My sole proprietorship is a theatre company. I stage plays and hold theatre workshops. Would it be necessary for me to register my company or get a shop assessment id. or for that matter, have anything to do with service tax. Most importantly, my income comes from ticket sales ad workshop fees, also sponsorship. So while adding to my income tax. Do I deduct my expenses and then treat it as profit or are the sales of tickets an income?

  • Vartika Misra

    I have started a writers’ group as sole proprietor and am going to conduct a contest for writers. I need to collect entry free from contestants. Apart from cash, I wish to accept DD and cheques too. I have very recently started the group and it’s income is almost nil.
    Now, I want to know do I need to open an account in name of my proprietorship firm to accept payments or can I do so through my private account. Also, if the account in name of proprietorship has to be opened, then is it necessary to open a current account? Can’t I open a saving account as my income is almost negligible and it is not possible for me to maintain the minimum account balance limit for current account.
    Please guide me Sir.
    Waiting eagerly for your reply,
    Thanks and regards,
    Vartika Misra

  • http://www.ahasoftech.com Ashish Jain

    I want to open a bank account under sole proprietorsip but they are asking for a registration of the company or registration in municipal office. Is it required?

  • Zaid

    Dear Sir,

    i am planning to open a small sole propriter firm in mumbai which will be involved in cleaning services/house keeping.

    i want to do everything legally so as i hav read can i register for service tax at startup and as turnover will be less than 8 lakhs i wont have to pay any tax on that. is is right?

    also if i am setting up in mumbai where do i have to go to register my sole proprieter firm. also where to go if i want to register my logo or get a trademark certificate of my logo.

    also sir if later on in few years can i change my sole proprietership firm to a pvt ltd company without any complication?

    your help and time will be greatly appreciated.

    thank you in advance :)

  • AK Singh

    sir,
    I want to start a proprietorship business for which i have to purchase a machine from a company based in Singapore.
    1. For purchasing this machine i have to pay the Exiceduty?
    2. How can i purchase this machine?

    Regards
    AK Singh

  • Ratul

    Dear Sir,

    I have a sole propritorship firm. Now, I want to start an Educational Institute and want to module some courses and give out certificates to the passed out candidates after complition of their courses.

    Please, suggest me what rules and regulations I have to do?
    Please, please, Help me.

    Thanks in Advance.

    Thanks and Regards,

  • ashok k

    I’m planning to start a property related website which wil contain classifieds and other advertisements and will provide services to end users for a particular amount, in this I will also generate some money from the Builders & Devlopers who wish to advertise on my website for which I have to issue some receipts for the amount which I wil take from advertisers. I want to register it as a sole proprietorship firm as i am the only person who will do all the work and i want to know what are the documents required for registration and charges for the same and can i do it from my house as i donnot have any office.

  • Shridhara

    Dear Sir:

    I want to setup a “sole proprietorship” WEB DESIGN Company startup in Bangalore .
    Please answer my queries:

    1. I need to print invoices, Do I need TIN / PAN number?(I have already one PAN in my name can I use).
    2. Do I need to have a CURRENT ACCOUNT in my firm’s name, but how the bank will give. Do I need the firm registered? (income is not more than 7 lac per year).
    3. Is VAT/TIN registration necessary for such a company in Bangalore?

    Please tell me the process in simple terms.

    Regards
    Shridhara

  • http://NA RISHIRAJ

    Dear Sir,

    Request you to kindly clarify the below given points :

    I have already opened a Bank A/c on my Sole Proprietorship Firm’s name but currently i am operating from one of my friends office.

    1) Is it necessary to have Gumasta Licence for Sole Proprietorship Firm if i am running a business of SALES AND MARKETING ?

    Pls confirm…..

  • Bipin G

    Dear Mr. Mukeshraj,

    I am planning to engage in sole proprietorship business on the name of “XYZ Agrisciences”.

    Now, I will be preparing all documents such as Invoices, Delivery challans, PO, etc on the name of “XYZ Agrisciences”.

    Kindly tell me whether I will have to register this name or not? If yes, how?

    And no banks will open an account on the name of “XYZ Agrisciences” without getting any documentary proofs.

    So, how shall I proceed?

    Waiting for your valuable guidance..

    Regards,
    Bipin G

  • siddhu

    Sir I am started new business for HR placement services so while opening current In any bank they are asking for declaration of proprietorship or or Proprietory Firm Doucment Who will do and who will issue This Document. And which best for business reputation as proprietorship OR PartenerShip plz provide me it is usefull for growing for business.

  • http://www.smsondemand.in Sanjay Kumar

    Respected Sir,

    Hi, Sir, I name is Sanjay Kumar (Physically Challenged). I am a self employed person, interested to start a company under SOLE PROPRIETOR.

    My nature of business:
    Dealing in web services.

    My Problem is:
    Purchase service from another company with Service Tax.
    Sale service to my clients accepting Service Tax.

    If my annual business income not exceded 8 laksh rupees, but I already accepted service tax from different companies, and I also paid service tax (when I purchased something).

    If this case what I do, This is necessary to return service tax to govt. in this case.

    Please help, I am totally confused.

    Thank you in advance

  • Ashish T

    Dear Sir,
    I have read all the info you gave on sole proprietorship. If you want to open a name like XYZ Travels, do you have to register the name . Plus what are the documents required for opening a Current Proprietorship Ac. Also if i’m going to operate from my own home as its going to be online business what are the documents required for opening a Current Bank Ac.
    Thanks,
    Ashish

  • jasbir kaur

    hello sir,
    we own a laptop care centre on rent i.e. we repair, and sale laptop accessories to end users and to local dealers. sometimes we are asked for the bill by the same by dealers, i hereby want to know that whether the registration of proprietorship in my case is required or not and also would i have to opt for either VAT or not.
    please also suggest how carry out the billing problem in an easy manner.

    Thanks
    Regards

    Jasbir kaur

  • SAMEER

    Hello Sir,
    I want to register my Partnership Firm in Delhi under the registrar of firms. So whats the documents required for that? Also please give me the address of registrar of firms? And whats the Fees for registration.

  • meenu

    i want to start a sole proprietorship firm and want to register my firm name where should i register my firm name in jaipur.

  • vinita

    i am planning to start a football club which will organise local league matches between schools.
    im planning to run the club as a sole propreitorship.
    im opening a bank account in the name of the club
    but do i have to get some other registration or license

  • Muthukumar

    Sir,
    How do i do Trade Mark registration for a proprietorship firm registered with MSME? Thanks in advance.

  • Mohansagar6

    is their any age specification to be a sole proprietor

    • Virendra

      Any living person can be a sole proprietor

      • Anonymous

        A person below the age 18 can not be a sole proprietor of any business.
        As minor is not capable to enter into any contact, so legally it will be
        impractical to run the business by a minor.

  • Anonymous

    Yes, Proprietor should be a major person i.e. more than 18 years.

    Mukesh Goel

  • Prashant

    i am opening computer operators manpower consultant i am getting a cheque of my company name i want to open currant ac help me about this because i don’t have any company registration certificates how to open company name ac

  • Anil_gupta395

    provedie me total detail of regstration of propritery concern

  • Andrew Dsouza

    Hey there guys, very informative site, but i am in a slightly different soup,can somebody please guide me on what registrations & licences do i need if i have a sole proprietor & wants to only export goods.
    Thanks a million. please answer back at Coolsailor666@yahoo.com

  • andrew dsouza

    Hey there guys, very informative site, but i am in a slightly different soup,can somebody please guide me on what registrations & licences do i need if i have a sole proprietor & wants to only export goods.I would prefer to get step by step info..e.g first which form is to be filled and thereon next step..
    Thanks a million. please answer back at Coolsailor666@yahoo.com

  • Rohalamandeep

    I want to started a marketing company and from ware i registered and legal vat i reseved

  • Sole P

    If I do not register my sole proprietorship can I open a bank account in the name of the sole proprietorship?

    • Vandana Natu

      Yes you can but please do have at least two documents which have the name of your company in it. I face a problem coz I have opnly one, rest was in my individual name and the bank closed my account.

      • http://pulse.yahoo.com/_OQ74FLZRAQQK5AKZJQQDJS7ZHM Syed Mustafa Faraz Ahmad

        Can you please the required documents for bank registration of sole proprietorship?

        Required Documents:-
        1.  Rent Agreement
        2.

      • Nahid Ali

        hi I run a consultancy and want to know if VAT is applicable? if yes how much?

        • Anonymous

          Ms. Vandana,
          There is no VAT on services. VAT is applicable on goods only. Since you are providing service then you may cover under service tax only. Currently service are taxable @ 10.3% on gross value of the services.

  • Charles

    Hi Mukesh
    I’ve started a proprietorship company on IT products and services registered under Muinicipality in March 2009. We received an on order of Rs. 18 Lacs and payment also received ,but till date we’ve not registered under VAT and Service Tax. Meanwhile I’ve filed my IT return FY 2009-2010 without showing the income from business. All these happend not due to our bad intention but due to lack of knowledge or guidence . pls help how to make the things streamlined.

  • suraj kahane

    i want to register my company as a sole propreitorship please revert back wth the charger for registration for a sole propreitorship & pvt.ltd

    • Milind patil

      for proprietorship u need nearby 1k and for pvt ltd u need appro. 27k
       

      • Swati G Naik

        Hi Milind could you provide me details on how to register for soleproprietorship company

  • Yogaraaj Tu

    IT IS VERY USE FUL TO ME

  • Nishantpandey

    sir i want to know the document require to get the registered trade name ( i.e. brand name ) to start a sole properitership trading company in mumbai while i am permanent inhabitat of uttar pradesh i am working in a repute organisation of corporate gift manufacturer for last 4 months since 2010.
    kindly answer my querry as soon as possible for you .

    • Anonymous

      Mr. Nishant,

      Pls call Mr. Vinay in mumbai @ 9769134554 or provide your contact number.

      Mukesh

  • Vivek Tewari

    Do you have any RBI guidelines Page / Notice ?

  • Jushmi

    Dear Mukesh,

    I have a PAN card as an individual , i would like to obtain a pan card in the name of my firm so that I can obtain IECode in the name of my firm, please advise me on how to go about it as i blv there is no PAn issued in the name of a sole proprietorship firm. so how can i obtain the IEC in company name? thanx

  • Nikhil612

    Thank you for the information that you have provided.
    Your post has cleared some of my doubts, but a few still remian, and hope you can help me out.
    I am starting a website and want to form a company on sole properitership bases. The website will render services to people across the world. I don’t see any revenue generation for atleast 6 months, but want to form the company and have a current account in place. In this case, do I need to obtain a VAT and/or service tax registration? Would I need a seperate PAN card or and I will be the sole proprietor, can use my personal PAN car for taxation purposes?

  • Subhash Sinha

    what document required to open a bank A/c for a propriotorship firm ?

    Subhash : 9310226260

  • Niranjansng

    Dear Mukesh ji

    i am asking the same for second time and i feel most of the peolpe here are interested to know the same. What documents are required to open a bank account in name of a sole propriotership firm ?
    please answer the same.

  • Raviaikkera

    My brother is running a small ayurvedic hospital as sole propritership. can i get a balance sheet format for our income tax purpose.

  • Kandekargroup

    why DIC provide a MEMORANDUM NUMBER FOR Proprietorship firm in India?

  • Ragindrakumars

    We are partnership firm in to data entry jobwork do we need gomastha registration and do we need to have service tax registration too or exactly what we need to do to get our firm legalised or any lind of license is required to be be a registered firm. Pls help and reply

  • RAJESH D. M.

    Dear Sir,
    As on today 17th November 2010what document required to open a bank A/c for a propriotorship firm in Mumbai? Because bank required any Govt. document like Shop & estb, Professional Tax Registration etc. for opening Bank Account . Do you have any RBI guidelines Page / Notice ? Is it necessary to Register with Profession Tax of propriotorship firm & propriotorship?
    Regards,
    Rajesh

  • YASH

    Dear Sir,
    I want to Start and register my sole propreitorship firm in Mumbai as travelling Agency. Please advice.
    1) Can I register firm in residential Society ?
    2)Is it necessary to Register?
    3) What are the charges for registration for a sole propreitorship ?
    4) i) Which Registrations are required like Shop & estb, Profession Tax, Service Tax,
    Sale Tax,VAT., TAN registration etc, any other registrations?
    ii) If required what is the minimum amount of level of turnover or Income ?
    iii)what are the charges for registration or critira?
    iv) where I will get registration forms?
    5) Do I need to take any other licence any permission ?
    6) Documents requirement for opening current account in Bank in firm name?
    Which 2 documents I can produce for opening account???

    Pl. advice all requirements and procedures for starting sole propreitorship firm in proper and legal way.

    Thanks,

    • Anonymous

      Yes, you can register your proprietorship firm from residential society.
      To open a current account of the firm it is necessary to register the firm.
      Any two applicable registration required. Shop and establishment and service tax is applicable in your case.

  • Narendra-kumar

    Sir, I want to start a sole proprietorship firm in delhi basically a consultancy will you please tell me what documents I required to start my consultancy and where to register it .

  • Pramod

    What documents are required to open a cuurent bank account in the name of sole proprietorship firm in India ?.

  • subhatra

    Hello Mukesh

    What documents are needed to open a current account in the name of firm (Delhi)?
    Banks do not accept individual PAN card and address proof of proprietor..

  • Gsnanuan

    What tax applicable on newspaper advertisements.

  • Atul Kumar

    Dear Sir,

    I want to chemical trading company in Gujarat, I would like to start proprietorship firm in the mame of my spouse because I am working another company. first i will start with commission basis means I will be mideater between Foreign supplier and indina customer and I will be getting commission from the foreign supplier and after getting enough creditibility or stable income I would like to convert proprietorship to Pvt ltd in import export company in this case I would like to know that I can put any names for business name like ABC chemical company or ABC incoporation or trading has to be start with my spouse name. I will be getting commission from foreign then shall I need to apply for service tax or import export code pls reply to me on my_industry@yahoo.com

  • rajnish

    thanks its helpfull for those who haven’t idea about registeration of proprietorship firm.

    rajnish

  • Anil Manglani

    I want to start a travel firm and buy some vehicles to start on hire basis pls let me know for the same.

    Anil
    9833992538

  • Vivek Trivedi

    Dear Sir,
    I am a Technical Trainer and my Source of income is providing trainings to Corporates and IT-Industries.Now I want to start my own business of Technical Consultancy & Training Advisor. I am in need of your Expert Advice please guide me as to get myself Empaneled onto the organization list of vendors what Kind of company should I start.
    1. Sole Proprietorship.
    2. Limited Liability Partnership.
    3. Private Company
    and do I need to get registered for a Service Tax Number.I have a Valid PAN Number in my name.

    Regards
    Vivek Trivedi
    9971620519

  • Jayamcomputers

    my firm is a proprietorship and i want to take computer courses on behalf of my firm name for that in which dept do i want to register.

  • rupam

    sir i want to know the document and legal requirements to get the registered trade name ( i.e. brand name ) to start a sole properitership trading company to import goods from china . Is it necessary to register the company.

    • Lawyer Chaudhary

      Rupam,
      what brand name you want to register ? Need to be searched first.

  • Sudhirkmishra

    I want to open a event management compny .pl guide me properly..i dont have any idea

  • Rohit

    I want to get Business name registered under sole proprietorship.

    Please assist 9953444361
    Rohit

  • Lenin

    I am planning to start trading business what document required to open Vat registration

  • Dwi Pb

    can I open a store/ showroom under sole proprietorship if I havent registered?

  • Vijay Sharma

    Dear Sir .
    I am broker i dont have a office i oprate from my residence (vijay estate consultancy) i dont want anybody to use this name, pls sugest , what should be my next step
    my email id is vijaycsharma@gmail.com my cell no 91-9833149990

  • vijay

    THANKS TON FOR THE FEED BACK

  • Sonaleekawade

    Sir,

    i need to ope bank account on my comapny name can i do that?? as i am the sole propritor of this company. what is the procedure for the same??

    Thank you

    • Anonymous

      Yes, You can open current account in the name of firm as sole
      proprietorship and for that you must have at lleast two registration in
      the name of the firm.

  • Arvind189

    Hi,

    I am owner and have opened a Proprietory firm with very good understanding with my cousin. he is designated as General Manager in my company. but I have to share profit with him on monthly basis.
    kindly advice the way to share profit with him.but i shall not go for partnership firm.

    Thanks

    Regards,
    Arvind..

    • Rupendu Bhowmick

      Transfer part of the profit into his account as performance based incentives. The balance add as perks and club with salary. In both cases the same will taxable as Income from other sources and Income from salaries. There is no other way out

  • Shrivas537

    HI, I AM SOLE PROPRIETOR, I DO LABOUR JOB, I HAVE CURRENT ACCOUNT MY BANK IS ASKING ME FOR THE COMPANY REGISTRATION, I AM NOT LIABLE FOR SERVICE TAX, TDS, I USE TO FILE MY IT RETURN REFUND TDS CASE. PLEASE HELP ME FOR GETTING THE PROBLEM SOLVED

  • Virendra swami

    Sir

    we have franchisee of educational product (Abacus,vedic maths).we give the computer CD of product, is it liable for any type of tax in rajasthan

  • 1skj11

    i wanna start an event management company , as sole proprietory firm , do i need to get the VAT or service tax registration to be done and what is the process in getting the thing done.
    secondly can i get the address whr i need to register in service ta in mumbai…
    regards
    sushil

  • Divya Careervision

    Hi. I want to start a HR Consultancy under proprietorship in Bangalore. Kindly advise me if any registration is required as Bank people are requiring registration to open account in firm’s name.

  • Jitender Gupta

    i am having my account in the style of prop. and now wants to add my husband as a partner with a condition the present running and going concern whereby all assests and all liabilities of the said proprietary firm shall become the corresponding assests and liabilities of the newly constituted partnership firm.

    Pls. advice weather as per RBI norms the current account will continue or new account is to opened since I want to retain the old account for future business transactions

  • http://profiles.google.com/sanj.1969 Sanjeev Kumar

    Dear Mr. Mukesh,
    I am starting operations in Import to India and Export from India. I also liaison deals in which the buyer and sellers are not in India, but I shall be getting my commission in India in foreign currency. Please advise the legal processes that I should adhere to in order to have smooth operations. Your valuable advise will be highly appreciated.
    Thnx

  • Suhasdesh2011

    Hi,
    I m running classes with fully professionally developed facilities want to know abt 1) the process for registration so that i can spread this all over in india. 2) Is there any legal procedure to distribute certificates to students. 3) Authentication to start with franchisee offers?

    Kindly give details.

    thanks in advance.

    ASD

  • NewBsns

    Is is necessary to register a firm with the Govt. for opening a Sole Proprietorship Account in the name of the firm, as on April 2011?

  • Niranjan

    Hi,
    I am Niranjan Panda from Orissa, wants to open a consultancy firm as sole proprietorship, but don’t have any previous idea. I want to know that without having any naukri, monster,times job portal i cannot start my business and another question is that is there any mandatory registration required to open a consultancy firm , if required then please guide me.
    my mail id – npanda.2009@rediffmail.com
    Thank you.

  • Vikask Vashista

    hi mukesh,

    I am working in IT field out side of india but due to some reason i need to come back home but company wants me start working for them from india. can i open a sole proprietor firm without registering it and if yes then how to deal with taxation? looking for advice…

    • Anonymous

      Yes, If you are an Indian Citizen then you can start a sole
      proprietorship firm. Now sole proprietorship firm also has to register
      under requisite law to open a current account in the name of the firm.
      Taxation is simple whatever net profit at the end of year you generate
      will be included in your personal income tax return and tax accordingly.

      • Vikask Vashista

        thanks for advice!!!

  • Avidiana2001

    Hi I want to star a proprietership firm for exports can any one let me know the legal issues

  • Ashok_ganta

    if required for register under any act for to start proprietorship business
     

  • Krixnetworks

    Hi i want to start business like RCM…i have contact with manufactures who manufacture products to me with my trademarked brand and then i will sell these in local market  what kind of documents/registration required to start this marketing business

    • Anonymous

      You can apply registration for shop & establishment and registration
      under VAT.

      Mukesh

      • Krixnetworks

        Hi thanks for your reply .. but still confused is it not necessary to register for company for this business .. if later on need to sell outside the local market/state

        • Krixnetworks

          Pl give brief details

        • Krixnetworks

          pl reply

  • Amitabhshan

    Dear Sir,

    I wish to start a sole proprietorship HR Consultancy. Could you please guide me with the registration I need to do before I get Started? it would be of great help.

    regards
    Amitabh

  • Praveenharry

    Can i use (R)  registered symbol in the top of my firm name ? i have registered my proprietorship firm with department of industries and commerce.  

    • Anonymous

      No you can not use symbol R with registering your name with the Trade
      Mark. The symbol R can be used only by the name registered with Trade
      Mark authorised.

      Mukesh Goel

  • Dillip

    Dear Mukeshji, I have read all your comments in the blog, really very helpful, I just want to start a Placement Consultancy at Noida from my home as a sole proprietor business. Please suggest the process required to get a service tax registration and also how to open a current account on my business name and what all docs are required. This would be really a great help from your side
    Thanks in advanceDillip

  • Prasad

    Hello Sir,

    I am starting the “Recruitment Consultancy Services”  as a sole proprietorship. My queries are ,
    1) Can I operate from my residential apartment in Mumbai ? as I don’t req any office or manpower to handle it.
    2) I want to open Bank current account ? what are the procedures for the same ?
    3) for “Recruitment Consultancy” services what are the legal registrations and Taxs are applicable ?
    Your help would be great Sir,
    Thanks in advance,

    Regards,
    Prasad

    • T.T.RAMESH

      mr.Prasad

      Have you got the reply for you 3 question.
      The question is excellent , I am also sailiitinng the same boat like you.
      Already we are doing this without registration .

      Hence I request your valuable s@uggestion sent though amil.

      ttrramesh@gmail@gmail:disqus .com
      9994842660

  • Vandana Natu

    Does KYC also apply to sole props?

    • Anonymous

      Yes, there is separate KYC norms for soleproprietorship.

  • Prashanth

    Hi All,
    I am a working professional. I intend to open a sole propiertorship firm which would indulge in rental of construction machine. Now my queries are the following:-

    1. I still need to keep my present employment and only oversee operations of my proprietorship firm. I will my people to work for the firm. Is this legally allowed and if so how would it impact my IT.
    2. How do I get the firm registered for service tax registration. For hiring business, do I also need VAT and TIN or only Service Tax regn. is enough?
    3. As I understand from various sources that service tax regn is required only for turnover beyond 8 lacs p.a, does it imply that even if the firm has service tax regn. the firm will not service tax its customers till 8.00 lacs turnover is achieved.
    4. Any other guidelines you may think is necessary form to know.

    Thanking all for their time in advance.

    Prashanth Kumar

  • Ajay Sharma

    Dear Mukeshji,First I would like to thank you for helping and guiding .

    I am  small software and Web development firm and don’t have any C/A  in the name our company.

    We mostly do work for our clients in India and some time abroad . Now are we required to obtain a Service Tax registration?

    Can I register sole proprietorship, if yes then how ?

    Please suggest.
    Ajay Sharma
    9968022683

    • Anonymous

      For service tax registration either you register as an individual (in your personal name) or as a sole proprietorship firm both the cases only difference is name of business entity only.

      • San

        Mukesh Ji,
        Even My earning below the  9 lac ??? as some body told me “service tax”  on for those who do  more than 9lac business, in web development field ??
        please reply
        SAN

  • Karthic

    Mukesh Sir!

      Nice that you are replying everyone free of cost. Its hard to get information in india. Am starting a MLM like company where i dont sell any product or service, rather helping my joinees to earn by joining others. will sole proprietorship help in this case?

    • Anonymous

      Mr. Karthic,

      You can run your MLM company under soleproprietorship but there is a major
      risk in it that sole proprietorship has unlimited liabilty so in case there
      is a loss in the company then you have to pay from your personal assets
      also. So if yu think that you can absorb all risk then go for proprietorship
      otherwise go for a pvt ltd company.

      • Karthic

        Thanks Mukesh Sir!
         
           Yes, its possible to manage using the sole proprietorship. As am planning to do only in a genuine way, i do not expect any kind of bankruptcy. I was just in doubt whether we can run MLM and if it is legal here in india. Now your answer seems to say that MLM is legal. Thanks much for taking time to answer. Let me know if you have any suggestions

  • Rajatjain32

    Hello sir, 
    I am a web-developer in hyderabad. Till now I was getting projects by my own promotions but now I want to  expand my business. Till now I do not have any legal registration but to expand my business I want a bank account on my Groups name. So I want to register my group as some entity like firm or something ……

    So can you plz tell me what are the initial steps I need to take and also describe the money need to do it.

    My services include website development so I will be taking online orders and serve when paid and this whole thing my team will be doing in residential area. So what are requirements in registering this type of service and in what type I can get registered.

  • http://pulse.yahoo.com/_OQ74FLZRAQQK5AKZJQQDJS7ZHM Syed Mustafa Faraz Ahmad

    ” Q.Is it necessary to register the Sole Proprietorship firm in India?
    Ans.No. ”

    How do i open a bank account without sole proprietorship registration?

    Some one said two documents required in the name of sole proprietorship(sole company)

    1. Rent Agreement but
    2. ???

    Please answer asap
     
    ….

  • Jitendra Kumar

    hi, sir i want to open a designing house. how can i open my current account and how can i obtain service tax no. pls help me registering my own company.

    Jitendra Kumar
    9910209864

  • Ashish_tm

    Hello there,

    I am a Graphic Designer working freelance for now, however I would like to expand and perhaps set-up an advertising agency/design studio with a business name that would eventually be recognized as a premium services brand. For expansion I will need to hire employees. I am considering setting up a sole proprietorship firm for now, and later on a company if required.

    I wanted to ask –

    • Currently I operate with my own name and my PAN number for taxation purposes. However I would like to have a business name and operate under that name. Can I use a business name without registering it, and perhaps use my PAN number for taxation?

    • How can I protect my business name (as a premium services brand) on grounds of copyright, etc.?

    • Is sole proprietorship a good idea to set up for the nature of business that I intend to get into?

    • What are my options if not sole proprietorship?

    • In case of a sole proprietorship firm, on what grounds can I hire employees and what laws would govern them?

    • Can I send offer letters to potential employees like in case of companies?

    • What are the taxes that I will need to pay and how to go about them?

    Any help would be greatly appreciated.

    Cheers,
    Ashish Verma

  • Guest

    To open a bank a/c for my sole proprietorship book publishing firm in Noida, what proof of regn can I give to the bank?

  • Rk40452

    please guide me on what registrations & licences do i need if i have
    a sole proprietor & wants to only export goods.I would prefer to
    get step by step info..e.g first which form is to be filled and thereon
    next step..

    Thanks a million. please answer back at rk40452@gmail.com

    • Anonymous

      You should obtain shop & establishment , VAT and IEC registration for your business. But you can’t apply for IEC code without having current account and if you want to open a new current account then bank will ask for minimum two registration, so first you obtain shop & establishment and VAT/CST then apply for IEC.

  • Rk40452

    sir can u suggestion me  i want to sell my good in my state buy from manufacture an sell another person . i never deal in purchase and sell. if i registered a sole proprietor so is GST or IGST is necessary require? …please sir give me right suggestion urgently   cause i have  big deal from buyer . Please Anyone friend help me urgently…!

    • Anonymous

      There is no GST and IGST law in India as such till date. Right now we have VAT and CST. So if you buy or sell goods from other state then registration under CST is mandatory and you have to register yourself under VAT also.

  • N Nagsarkar

    To open a branch office in another city, are any permissions required (for a proprietorship business)?

  • Amitav

    I plan to start a proprietorship firm, the products offered would be educational services for schools and colleges (elearning products in arrangement with a company). Can I start the venture from my home? What legal formalities to be followed?

    • Anonymous

      Yes, you can start your elearning business from home. To start a sole proprietorship you have to open a current a/c and to open a current a/c you should get at least two registration like shop & establishment act and service tax/Vat as applicable.

      Sent from BlackBerry® on Airtel

      • Sureshvasamsetti

         Hi
        I am looking to start retail marketing business in  state as well
        as other states (later on) with my own brand products manufactured by
        other manufactures under contract. How i can start this kind of business
        and what are the requirements. i want to open as sole proprietorship

  • Nitin

    Hello Sir,
    I’m an NRI (I work in the merchant navy) and starting an Online website venture related to customized arts wherein Customers from abroad will place an order by uploading their pictures and artists who work for me will commission an artwork from it.
    I have a few questions:
    1. What I am offering is a Service or Product?
    2. Since I plan to only export all artworks will I need to register for Sales tax or Service tax? If yes then which one?
    3. Since I stay out of country for more than 6 months in a year and complete NRI status I do not file income tax. After I register my business as Sole Proprietorship will I face any legal issues or Income tax dept enquiries? Will I have to file income tax then?
    4. Should I apply for an IEC code?
    5. Since I will continue to work in the merchant navy, will I be taxed for the profits from my business? (My father who is retired will handle the business operations ) 
    Please help. Regards.
    Nitin

    • Nitin

      Hello Sir,
      Please oblige me too by replying to my query.
      Kind regards,
      Nitin

  • http://pulse.yahoo.com/_DF7YMIGIJ7ELR2TZCC6PDZ3SKQ AKI

    Hello Sir,

    I am starting a Mobile communication Bussiness… I need to give cellphones with Bill… I have started my business in delhi in a rented shop.

    Do i need to register my firm for this? My monthly turnover is not above 1lakh. Please suggest as the phones i keep (can i give my customer my shop bill?) So do i need to register my firm?

    • Anonymous

      Yes, if your annual turnover is more than Rs.10 lakhs in a year, then
      you have to register yourself with VAT even though you are purchasing
      local with tax paid and selling only within local state.

  • Ajay 79

    Hi
    I am looking to start retail marketing business in  state as well as other states (later on) with my own brand products manufactured by other manufactures under contract. How i can start this kind of business and what are the requirements.

    • Ajay79

      pl reply and help to me get out of this situation

      • abhishek awasthi

        aj

  • Ajayg Sharma

    Dear all,

    Please can you advise me why a current account is required for a proprietorship company, even if no. of transactions is barely 3-5 per month?

    I am providing technical consultancy to a European company and am working from home. I receive my charges in name of a company, which is not registered (I have TAN no. under this company, to deduct TDS for my employees). I have thwo employees working for me. Though I have a current account, but I wonder if I really need it, cannt I work under my personal name and use my saving account?

    Please advise.

  • vikas kumar

    hi, I want to know that
    I want to open a current account with my small office name. I m individual who manage the work. my income is not so high. it is below 1 lakh per year.
    (1)  Should i need to register my firm
    (2) what is procedure and relevant document submit in bank.

    Kindly suggest me a suitable Procedure

  • Sagittarius Technologies

    How can I change the name of a Sole Proprietorship Firm in Service Tax registration without changing the address?
    My Service Tax registration is on earlier name and we change the firm name recently.


    SS

  • Vinay kumar

    Dear sir,
     I want to open a marriage bureau in delhi, what document required please advise…….

    vinay kumar

  • Divakar Venkataraman

    Dear Sir,
    I am starting a small pubilishing house and i am the sole Proprietor. can you advice whether i have to
    # register it
    #is sales/service tax applicable .
    #should i have a take trade license?
     #Do I need bank account with my firm name?
    thanks,
    V.divakar

  • Ak

    Hi
    I am looking to start retail marketing business in  state as well
    as other states (later on) with my own brand products manufactured by
    other manufactures under contract. How i can start this kind of business
    and what are the requirements.

  • http://www.facebook.com/people/Kshitij-Thakur/1013408857 Kshitij Thakur

    I understand that sole proprietorship does not require Registration. However all banks are now insisting on proof of existence for opening a current account hence one is required to register. Kindly assist and clarify.

  • Charu_gaikwad

    hiii sir i have a dance troupe n nw i m doing events als so i want to register my co. with my name…n my clients demands for bills for d services i provide…so pls guide me for this….. 

  • Akapoor20111

    Dear Sir,

    I am opening a sole proprietorship firm. Plan is to import – export  – Imitation jewelry / Furniture and in future real jewelery.
    i have applied for IE code. Please advise if i have to register for VAT / service tax.

    Important :  Presently i have no intention to sell items in India. Only procure jewelry locally and import to Europe

     

    • Anonymous

      Service taxis not applicable in case of trading activities, but VAT registration shall be applicable.

  • Saroj

    Hi,
    I’m having a firm where 4 guys are working for me. I’m the single owner and we are into software development and outsourcing. What kind of registration will be best for me? Do suggest.

  • Roshan Thakur

    procedure of propreiorship firm  registration

  • Roshan Thakur123

    my office in tilak nagar & i have required registration for propreiorship firm

  • http://profiles.google.com/raveeshbhalla90 Raveesh Bhalla

    Hi, I’ve started my own mobile app and web development business. We currently build our own products, though we’re also looking to provide development services to other businesses. These businesses might also be based outside India. Am I required to register the proprietorship for any tax purposes? 

  • Manutechalpy308

    I am a software developer, i develops computer software application for local Cable TV operators and i need to give my clients sales bill at the time of my software sales. And the revenue annually comes no-where near 10k. As such please answer the following questions :

    1) Do i need a service tax registration for my sole proprietorship firm ?

    2) Is Service Tax registration a must for giving Sales Bills to my client ?

    • Prakash Tourani

      Hi Manu,

      Service tax registration is compulsory only if your turnover is above Rs 10 lakh for any year. else it is not required.

  • Mohd zafar yab

    what are the steps for registering a partenership firm?

  • Sunil Ajmera

    How can I change the name of my propreitor firm?

  • Girllooks18

    hi i have opened an online clothing store do i need to get my sole proprietership registered & second thing is that to recieve payments online i need payment gateways & for that payment gateways like cc avenue & direcpay are saying that my company should be registered. pls suggest me what to do as i can accept online payments only through these gateways. .  rohan

  • Rahul

    Hi I am planning to take a franchise and I would like to know if I need to take do any registration for the franchise company to pay the taxes. The franchise is related to tutorial/coaching. I will be employing only 1 person under me and other staff will be directly paid by the parent company. I would be sharing profit with the parent company.

  • Gupta0209

    I have just opened a current account in the name of my sole porprietorship with a bank.
    Now, I want to know 2 things:
    – if Service tax is applicable on Rs. 10 lakhs and above, how do I know if my turnover wil lcross that limit for sure?
    – secondly, what is the procedure for applying for service tax registration?

  • Snsayasna8686

    Is it Possible to find service tax number by using Sole properiter Deatils ? If  Yes, please explain the procedure for that

  • v123

    Our client has provided taxable services exceeding 10 lacs in the previous year in his individual name.., now he has started his own proprietary firm.., Service Tax registration should be sought in whose name? Firm name or Own Name?

    xx

  • Reenatawde

    If I do not register my sole proprietorship can I open a bank account in the name of the sole proprietorship?

  • Jawaid Burney

    Jawed

    I am a freelancer doing software trainings.Can I open a company with my own name as i registered vendor to many organizations with my own name? What legal formalities shall i have to complete.Pls advise

    • Anonymous

      Mr. Jawed,

      Yes, you can open a company in your own name. In India normally companies are three types 1. Sole proprietorship 2. Partnership and 3. Private Limited or Public limited company. You can register company in any of the 3 format as mentioned earlier. But most suitable format is Sole proprietorship and for that you just need to open a current account in the name of company and to open a current account you have to register with service tax and other law as required. http://www.mukeshraj.com

  • Rdpgraphics

    If I am running a Sole Proprietorship firm, can I apply for and get a TIN number?

  • Pavan

    dear sir,
    i want to do my own export business. i deal in garments. i came to know that one need to get registration certificate (R.C no) and then apply for IE code. My doubt is that if my registered name clashes with some one else, still can i get IE code in that same name? also is there any procedure to know if particular name is already registered? if so , kindly let me know. 

  • http://www.epaper365.com Anuska

    this is good note.. still i am curious without registering the company how i will get documents on the company name… ?

    • Anonymous

      If you go for shop & establishment reg or service tax registration or VAT registration then all these registration will be in the name of proprietary firm.

  • M Shahjahanbaig

    is it possible to Export  from
    Sole Proprietorship firm?

    • Anonymous

      Yes, You can export/Import or any other activity from sole proprietorship firm.

  • Kalpanameti

    hi Hello
     im starting my new business which is related to production ,sales cum resturant business for this my name is to registerd as service or trading please instruct me
     please mentions the point how to get start with this my business if u know any  project manager who can prepare my  project then who stay in or near vacso goa please give his name  let me know.

  • Bunny Singh

    Hi Mukesh,
    Can we get your contact no. and talk to you please ?
    Regards,

  • Dr karnav shah

    hi i wish to learn if there is a special sort of registration for FOR PROFIT SOCIAL VENTURE/BUSINESS/ENTERPRISE IN INDIA AND IS THERE ANY ADDITIONAL REQUIREMENT?

  • ashish

    i want to start a cloth manufacturing company.  should i have to get registration for that.

  • Rajath

    i want to register my sole prop concern… how do i do so…

  • nandu_cpur

    1. Whether personal assets & liabilities in the name of proprietor should form part of assets & liabilities of proprietorship firm, which he/she is running and vice versa?

    2. In case answer to above is ‘YES’ then please let me know if Mr.X has 5-6 separate proprietorship firms with diffrent name and style then how distribution of assets and liabilities will take place?

    Dinesh

  • Vikrant Dashputre

    Respected sir, 
    i want to start a photography business in which i will be providing all kinds of photo related solutions.
    m starting this business with my friend. can u tell me what kind of registration n legal formalities we will require? such as registration & tax actually i dont have ant idea abt this. waiting for ur reply.
    thanking u… 

  • Anonymous

    I want to start my online retail ecommerce business in india wherein i would be selling retail clothes for womens wears & accessories .. Can you acknkowledge me what would be registration procedure for this venture. I would be interested in sole proprietorship firm. Is IEC code required?

  • Maggiarun

    Hi Mukesh Ji,

    I am sole proprietor of an online Boutique, My firm is registered under “Small scale Industries”…We are into manufacturing as well sales of Boutique garments online. Also have got a current account with SBI.

    I need to provide my clients the facility to make their payment through debit/credit cards and am in talks with ccavenue. 
    as you know , Unstitched  garments doesn’t attract any tax liability.
    Kindly clarify if I need to obtain any other licences /registrations need to be done ?

    Regards,
    Arun 

  • rajendra yadav

    Dear Mukeah ji

    I want to start trading of filtration products in india what document required to register this firm by name tarang filtration solutions
     

  • Hemantsinghal20

    hi sir provided me accounting service only 
    what are the process of registration of prop. firm ?
    pls givemn answere my id hemantsinghal20@gmail.com

  • Rattandeepse

    I want to register a company/firm. How can I check whether the name that I choose is registered or picked by some other company?

  • kumar

    Stationery partnership firm for sale in chennai,  Detail :1.9yrs old, 0.75 – 1 lakhs turn over / month,  dealing with corprates in chennai, for further detail please contact : 09171644154

  • Kool 3061

    Dear sir,
    i want to be a distributor for modems. is it compulsary to register my firm ? if yes then tell me how to register a firm and how much it costs ? tell me how to obtain tin number  also ?
    Please reply me quickly sir please. else send me mail at kool.3061@gmail.com

  • Vivek Khurana

     To register under shops and establishment act in Delhi, do I need to own the premises or can I register a rented premises ? Also, shared offices are very common these days how to handle registration in such situation?

  • Shah Khusi55

    i want to open a finance office in rajkot please let me know what i have to do mean process of it
    khusi
    shah.khusi55@gmail.com

  • Anil

    Hi,
    I am planing to start trading business in education field, But I need some info from you.
    Like,
    where to register for VAT?
    What is max turnover limit for sole proprietorship?

  • Arjun

    I have sole proprietor business of Lending Money for interest, i.e., Financing, am i suppose to register under any of the laws as such

  • Jim798

    Hi..
    In this case the proprietorship and the bank account will be in the name of the person or it can be in the name of the firm? (e.g., ABC) I want to give a name to my firm so PAN is in my name but can i use the firm’s name  as e.g., ABC proprietor in my stamp?

  • santosh shantaram sawant

    I mfg. & Mkt. orthopedic aids & surgical goods / implimants / instruments

  • Gopa

    I want to start an online shopping site from my home, which will include products of different brand names. I have the following queries:

    Do i have to register as a company?
    Am i liable to pay service tax, VAT or any form of tax?
    How to open a bank account with my company name?
    Do i have to get a license from local administrator?

  • N Dude

    I run a Business which is Proprietorship firm and i want to change the name of the firm from XYZ>> to ABC. is this possible ?? in hyderabad

  • Basavaraj Ait

    Hello Sir,  I want establish my own   software company in Bangalore so, please give information about following queries.
    1. how much cost for registration of company?
    2. how many people needed for company establishment?
    3. where i have to register the company ?
    4.what type documents needed for it?
    5.Is it necessary to register the company?

  • Guest

    Banks are not allowing to open current account for new entrepreneurs. They are rudely rejecting an any ground. I faced rejection because of gomasta, stamp not good(??), sales tax number, introducer required , talking rudely etc etc All this talk of helping SMEs is just rubbish. Even if the government wants to help, the bank babus are coming in the way (obstacles). 
    And if you are from minority community, you will be harassed even more. 
     

    • Krishna_lalit

      hey thr  if u need any help call me on 9810911498/9

  • Prachi

    I want to start trading in craft products sourced from India & abroad.My investment will not be more 75-80000. I have a few queries
    Can I start this business from my rental residence. If I get the Bombay shop & estb certificate will the rental property be considered as commercial for such a small setup. I will be the single person operating the business. Is the registration necessary
    what will be the taxes applicable?
    Is there any set accounting policies to be followed.
    kindly revert

  • Jaymin Kothari

    i have done  LL.B in taxation (2 years course general degree ) and i want to do my  own practice as registering property documents in the office of registrar. 

  • Pawanbti

    If Sole Proprietor have more than 1 Proprietorship Firm so do he need to get service tax registration for all the firms seperately or can he take service tax registration in his own personal name.. 

    • Anonymous

      If you have two different trade name so you should take two separate service tax number. Service tax number should in the name in which we issue invoice and receive bills for expenses or purchases otherwise you will not get the CENVAT credit.

  • Srinivas V Y

    Hi There,

    Am running a website designing business and i provide website services for Overseas clients only i,e. for New Zealand & Australia and don’t do any business in India, so kindly assist me how do i go about registering my business and i want to be able to pay Tax yearly, based onto my eligibility. 

    • Anonymous

      You should register your business as sole proprietorship and for that you register yourself with shop & establishment act and other authority so that you can open a current account in the name of firm.

      • Srinivas V Y

        Thank you :-) Sir,

        Another doubt, Currently am running my business from Home, do i need an office or can i continue doing this from my home itself, as i have got only 2 employee’s and Myself.

        Regards,

  • AJ

    Hello Mukeshraj Sir ,

    I want to start   Audio Video Production , as  a Sole Proprietorship . I red in your blog that we need to   Open an account with bank, but mostly banks dont entertain . They ask lots of document. 

    Will it come under Service Tax ? Do i need any Registration ? if yes , with whom and where in Mumbai .

    Thank you in Advance sir , expecting a kind reply from you

    AJ

  • Christraj A

    Hi

    I have planned to start a business (proprietorship) from my home. I might have to ship the products to various parts of India. 

    Is it mandatory to have VAT and CST or will VAT alone suffice.
    How do i apply for VAT and what would be the charges for it. 

    Please guide.

    Regards
    Devi

    • Anuj Sethi

      Hi Devi,
      I am planning to start a similar busines, that I woul be doing through a website, and have to ship products in various parts of India.
      I am a total laymen for business rules, If you got ur answers, can u please let me know the same please anujsethi12@gmail.com
      @gmail:disqus 

  • Mayankpaleja

    can i be a propreitor of 2 firms at one time ?

  • mohan k

    Hi,
         This is mohan from chennai.I am planning to start new business which will comes under renewable energy source.I am the sole proprietor of my company.am i going register and the company comes under VAT. pl guide me.Activity of the company will be installation & commissioning of roof top solar PV for commercial & domestic purpose.
    my mail id. mohanmamta07@gmail.com,mohsrcm@yahoo.com,+919500565460

  • Anurag14685

    Dear Sir
    i have a small bakery unit in my home in delhi.
    what all i need to do for it

  • Chudasama_bhavin

    Hey,

    Me & my friend want to start trading business.For that i want to establish proprietary firm.What is the procedure for that?Is it OK if we register for proprietary instead of partnership firm? Please let me know…

    Thanks

  • Payyavula Mba

    hello team, i just want to open Banking services like wise issuing of Personal loan, Housing Loans…do i need to register my firm, i was sole proprietor, as ur comments i have know that for proprietor firm registration not required, but how to posses sales tax n service tax… please let me know.  

    • Anonymous

      You can not start banking business without RBI permission and you need a compamy with a capital of 2 crore for this business.

      Sent from BlackBerry® on Airtel

  • Varinder Hatta

    I have gone through responses and replies in this article. It’s great and interesting.  Few things are clear but few need more detail.
    I have started Information Technology (IT) work as free lancer from home at Chandigarh (U.T.) and engaged no employee.  My work includes software development/programming, mass mailing services (that is all computer  work) for local clients and overseas clients.

    Initially, I want to work as Sole Proprietorship.  I named my business as Network Queries http://www.networkqueries.com/. When I submit proposal with this name and my signature, for payment purpose, should I ask the client to pay (by cheque)  towards my name or company name?  Yet, I don’t have any account with the business name.

    What are the documents needed to open account as a Sole Proprietorship?

    If I employee one or two employee under 15k salary, then should I have to go for  Sole Proprietorship or other registration?

    Is IT work is allowed/permissible in residential area?

    Where I can register Sole Proprietorship account?

    Is there any scheme or plan under that I can borrow loan from the government or bank?

    Is there any govt. scheme under that I can register  my work and get other benefits(if any)?

    Is Sole Proprietorship account with bank need commercial location address?

    Please advice.

    Thanks & Regards,
    Varinder Hatta

  • Narenderkumar

    i want to start a fashion designing institute so i want to know can i have need of registration of my firm

  • khushbu snoria

    I WANT TO OPEN CURRENT ACCOUNT IN BANK FOR INCORPORATE SOLE PROPRITORSHIP BUSINESS BUT  NO CURRENT A/C OPEN ACCORDING TO BANK REGISTRATION IS COMPULARY.SO PLEASE WHAT I DO

  • Mehta_chhaya77

    in house i want to open my firm & my business turn over not more then 5 lakh so vat & cst & service tax not applicable so what the proceejar for open new firm & open bank a/c

  • Archana

    Dear Sir, 

    I have started a furniture import business, and to start with i have a proprietary company under which i run this business. My aim is to make the same company a PVT Ltd company in a year from now. to ensure that the company name remains same when i make it a pVT ltd what measures should i take. Please reply . 

  • Ak Wish

    1. is it necessary to open a bank account for trading activities under my unregistered sole proprietorship. Can i run the proprietorship from my personal bank account? 
    2. Do i necessarily need to register anywhere for my business activities, if my turnover is below 10 lacs. can i run my proprietorship in an unregistered fashion?

  • Jayantt4k

    Hi 
    I want to know what are the conditions that a sole proprietorship has to be changed to a company , on compulsory basis by law?

  • http://www.bharathidairyfarm.com/ Shiva

    The entire process to open a current account looks rubbish in andhra pradesh.

  • Skbataan

    I have register a firm in Haryana. This firm is providing career counseling to the students. Now I want to open a branch office in Bihar for the same firm. Should I have to register a new firm or I can work with same firm. Please explain

    • mukeshraj

      You can open a branch of your existing business anywhere in India. So there is no need to start a new firm and you can continue with the same business for new branch.

      Mukesh

  • Jeevanrp1

    i am having a proprietorship but when i am trying to register for applying e-tendering in MSEB, it is asking for company registration no. please suggest what i need to do for the same..

    • mukeshraj

      You have to register your sole proprietorship under shop & establishment act and mention that number on the eTender website.

      Mukesh

  • Vkjain

    I am running a computer institute. Do I need to register this anywhere or just having the sole proprietary account will do all?

  • Shirin

    Thank you for maintaining this blog. It is a extremely useful warehouse of information. Kepp up the good work. God bless.

  • http://www.dontgiveupworld.com/ Arunpandit1736

    I run a content based website whose major source of revenue is Google Adsense . Its revenue is 1-2 lakhs per annum  I want to register it as a sole proprietorship from my residential address .
    Please tell me the steps and fees required to get it done in my case.

  • rafath_76

    Hi Mr.Mukesh,

    I would like to open a stationery shop in Bangalore. Please let me know if any legal permission is required or do I need to register my shop and if so. Please send me the details on my mail id rafath_76@yahoo.co.in.

  • Kapil360

    I like to start trading business from my home. What formalities I have to complete so that I can run my business legally.

  • http://williamsnow02.wordpress.com/ Harry Wells

    Your place is valuable for me. Thanks!…

  • sanjay

    SIR, I WANT TO OPEN A CURRENT BANK ACCOUNT 
    sole proprietorship PLS. TELL ME THE WAY…..
    SANJAY

  • Aa

    I am planning to start a small homemade food business in Goa. I know to operate the food business, you need to get the Food and drugs licence. What else do I have to get to start the business. I will be operating from m,u house. Do I need any trade license?

    GG

  • Radhika Vyas

    Hi, I am about to start a software development company, and i want to be the sole proprietor of company, please guide me from where i have to start the procedure? and what are the main points i must not forget?

  • Kimberly S

    What documents can we go for? I wanna start it but am unaware of what documents I need for a sole proprietor. Also, how do I get them?

  • Goldentask1

    The guidance about the sole proprietorship firm which can be solve any types of queries from the users. Any sole proprietors can get solutions easily by visiting the blog ..it is an informative…

  • Nilesh Gaikwad

    t

  • Vinodhsen

    sir,
    I am a programmer from bangalore. I want to take payment thru paypal from clients abroad and local clients here. for that purpose I need a current account (business account) . how to take the same from home address as I dont have business address.pls reply.
    regards
    vinodh

    • Kailash Kcms

      choose a name for u r work  than register it as trademark registration,   than apply for service tax no. (its free of cost)  when u get both the document u can easily open an current account with showing these document

  • Goldentask1

    Which things should be required for registered the sole property. This is much helpful information for any person who want to register their sole property..

    • mukeshraj

      Documents Required

      As mentioned earlier that no formal registration is required for sole proprietorship firm and merely by opening a current account you can start your business, but now to open a current account in the name of sole proprietorship firm business owner has to comply the KYC (Know Your Customer) guideline issued by the Reserve Bank of India. As per RBI guidelines[1] following documents are required to open a current account:-

      **

      *Accounts of Proprietorship Concerns*

      [Proof of the name, address and activity of the concern]

      * /Registration certificate (in the case of a registered concern)/
      * /Certificate/licence issued by the Municipal authorities under Shop & Establishment Act,/
      * /Sales and income tax returns/
      * /CST/VAT certificate/
      * /Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authorities/
      * /Licence issued by the Registering authority like Certificate of Practice issued by Institute of Chartered Accountants of India, Institute of Cost Accountants of India, Institute of Company Secretaries of India, Indian Medical Council, Food and Drug Control Authorities, registration/licensing document issued in the name of
      the proprietary concern by the Central Government or State
      Government Authority/ Department, etc. Banks may also accept IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT as an identity document for opening of the bank account.etc. /
      * /The complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm’s income is reflected duly authenticated/ acknowledged by the Income Tax Authorities./
      * /Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern.**/

      //

      /Any *two *of the above documents would suffice. These documents should be in the name of the proprietary concern./

      ————————————————————————
      [1] Master Circular on Know Your Customer (KYC) norms issued by RBI on 2^nd July 2012

  • arun

    is it possible for a sole proprietorship establishment to obtain exporting licenses.

  • Prashant Pandey

    Hi,
    I want to run a consultancy firm at nooida location. so, please advise the required document for registration for a firm.
    Prashant- 9990239235

  • kanchan

    Dear Sir,

    I am trader of Plastic material selling goods in Mumbai, Gujrat and other states of India.

    I want to make a proprietor Ship firrm with vat/cst no.

    Pls advice me how can i open a proprietorship firm and what are necessary documents required for the same.

    And how much time it will take.

    Kindly advice me full procedure for tha same.

    Thanks,
    Kanchan

  • rajeev

    I am planning to open a eCommerce business where i will be selling electronic goods. I want to go for sole proprietor ship . what type registration are necessary and how can i get them

  • Mohit

    I wish to start doing business as sole proprietor. My gross annual income is expected to be less than 5lacs.
    Can i apply for service tax registration?Do i need to submit Statement of Income?
    Shall i be liable for audit???
    How should i open bank account (what doc?)

    • http://www.mukeshraj.com/ Mukesh Goel

      Mr. Mohit,
      Service tax registration is not required till your gross income exceeds Rs. 10 Lakhs in a financial year. Further no audit is required under proprietorship up annual turnover of Rs. 1 crore turnover in case goods and Rs. 25 Lakhs in case of services. Yes, you have to file your tax return for income from business or profession as an individual. To open a current account in a bank in the name of firm you need two documents in the name of firm.

  • N T

    Dear Sir
    We are a new company in exhibition industry and as of now have not applied for VAT / TIN no.I need to get some material from banglore.Is it mandatory for the above nos or i can do it with out the same…

    • N T

      Basically want to know whether i can get the material without VAT / TIN No..or is there a solution for the same..

  • R E Rakshit

    Is Gomasta mandatory for Partnership firm?

  • http://www.facebook.com/dhruv.mehta.5667 Dhruv Mehta

    Is it illegal to register sole proprietor firm ib pagdis place..
    Likeu r living in place of landlord..paying rent

  • Rajesh Kumar

    I am sole owner of a small company providing loan of meager amounts for purchase of two wheelers.Do I need to register my company or obtain any other Licence ?

  • Satyam

    I have Service Tax registration in my personal name. I would like to know that can I use same Service Tax number for all my 3 Proprietorship firms?

  • deepak

    can i open a propreitorship firm abc services, if there is already a propreitor firm abc and the later is registered

  • deepak

    i want to register my company as a sole propreitorship please revert
    back wth the charges for registration for a sole propreitorship in delhi. after registering will anybody be able to use my name or the name will be mine only for entire life.

  • rajeev

    hi sir, thanks to you for this amazing blog.. I really appreciate.

    I have one query for freelancers. I am a freelance web

    designer.

    Is there any law about the website. means anybody in india can have a website or there is some special condition??

    I have a website on which i show my work etc but not sell purchase on website.. I am a freelancer. is it required to be register before having a website.

  • monika monika

    Hi monika dis side from punjab.. will you please send me the details of registering sole proprietorship in punjab..
    my e-mail id is monikakhab9@gmail.come. Reply positively

  • Abhishek Dixit

    I want to know if I develop software as per the requirements of client and I am a one person entity or say 2-3 people more with me , then where do I need to go to register for a software proprietorship firm because this situation is equivalent to 2-3 labours building a house as per the client specifications some bigger companies develop big houses or buildings (same with software) I am concerned in knowing laws about UP in India do I need to go for
    1) VAT registration
    2) Service Tax registration
    3) Both of the above
    is there any copyright, trade mark issue if I choose a random name?

  • sujatha

    can I start sole proprietorship at home- it is consultancy work involving offering services- does not involve any buying or selling of products

    • http://www.mukeshraj.com/ Mukesh Goel

      Yes you can start your consultancy business from home there is no restriction to do that.

  • Aamir

    i want to start my own bpo in bangalore and for ths i got all the connections but still i want to know about the registration part it will br a proprietory firm

  • pankaj

    I am planning to open a home based travel agency what documents will be required

  • abhishek

    can i register the sole proprietorship in my home address

    • http://www.mukeshraj.com/ Mukesh Goel

      Yes, absolutely there is no prohibition to setup your business from home.

  • santhosh kumar

    is it ok to add inc with the proprietorship firm name

    • http://www.mukeshraj.com/ Mukesh Goel

      There is no restriction to use inc in the name of sole proprietorship firm, so you can use the same.

      Mukesh

  • sundaramoorthy

    to start (A/C sales shop), through my degree standard certificate and i am not employed. How to get loan from bank or by from the government small scale scheme and we located ourself in Tamilnadu, please reply me quickly to get loan and apply for it.

  • sundaramoorthy

    I want to start (A/C sales shop), through my degree standard certificate and i
    am not employed. How to get loan from bank or by from the government
    small scale scheme and we located ourself in Tamilnadu, please reply me
    quickly to get loan and apply for it

  • Ram

    can a name, registered with sale tax authority and Food and Quality standard authority, be use by two partners for their separate businesses………

  • kanchan

    I want to start a Web development firm which is solo proprietorship. It is necessary to register it, my business is in first step. Please reply

    • http://www.mukeshraj.com/ Mukesh Goel

      Please call me at 8882111333

  • Usha Sridhar

    We have office at Vashi which is consultancy. Do we require to regiser with shops n establishment?

    • http://www.mukeshraj.com/ Mukesh Goel

      Yes, You have to register yourself with Shop & Establishment.

      Mukesh Goel

  • Rhaul

    Dear sir,
    i am doing wholesale of garments. Do i need to register my firm and am i liable for tax payment?

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