GST Registration Online: SuperCA

A private limited company and Sole Proprietorship are two different business structures & also are different in terms of their working. Sole Proprietorship registration is a popular type of enrollment of unregistered business institutions owned, managed, and operated by a single person.  The sole proprietorship is the “One Man Business Entity”. All the investments for the business with sole proprietorship registration are done by the single proprietor who bears all the losses and enjoys all the profits. The overall control of the business, as well as its management, is in his hands. He can appoint individuals for conducting the business, but the ownership will rest solely with him. This type of business is easy to start but can also hamper your growth with time. After all, it’s difficult to build a big business as a single person. Also, a sole proprietorship registration cannot get all benefits of operation as it grows. So, a need to convert the proprietorship into a p...

Partnership Firm and Sole Proprietorship are two different business structures & also are different in terms of their working. Sole Proprietorship registration   is a popular type of enrollment of unregistered business institutions owned, managed, and operated by a single person.  The sole proprietorship is the “ One Man Business Entity ”. All the investments for the Sole Proprietorship business are done by the single proprietor who bears all the losses and enjoys all the profits. The overall control of the business, as well as its management, is in his hands. He can appoint individuals for conducting the business, but the ownership will rest solely with him. A Sole Proprietorship is easy to start but can also hamper your growth with time. After all, it’s difficult to build a big business as a single person. If one is looking to add partners to their business without any hassle or hindrance, then it is recommended to switch to a partnership from sole proprietorship registr...

  One Person Company and   Sole Proprietorship   are two different business structures & also are different in terms of their working but sometimes people get confused between them due to their similar-sounding words. Let’s make a clear distinction between both of them so that you’ll be able to pick the best suitable one. One Person Company  or  OPC  means a Company that h a s only one person as to its member. It is a fusion of  Sole-Proprietorship  and Company form of business. In order to enable a person who is carrying on the business in the  Sole-Proprietorship  firm to enter into a corporate outline with relaxed or concessional requirements under the Act, the Companies Act 2013 had brought in the new concept of OPC. is a popular type of unregistered business institution owned, managed, and operated by a single person. A  sole proprietorship  is the “  One Man Business Entity  “. All the investments for the...

Starting a sole proprietorship business in India is fairly an easy affair. Sole Proprietorship is a “Single-Person Establishment” and is the most simple form of an entity with minimal compliance procedures. This type of business can be incorporated in fifteen days. Generally, the registration for a sole proprietorship is completely optional and it does not require any formal registration as such but to get tax benefits, people do register their firm as a sole proprietorship. Ways of registering a sole proprietorship Before going for sole proprietorship registration, you need to take care of some basic things. Firstly, you have to decide on a suitable business name and choose a suitable location as the designated place of doing your business. After this, Generating a current account is considered to be the groundwork for starting this business. A current account ensures safe payments in the proprietorship’s name. Let’s now understand how an individual can register for a sole proprie...

About Sole Proprietorship:  A  sole proprietorship  is a business that can be owned and controlled by an individual, a company or a limited liability partnership. There are no partners in the business. The  sole proprietorship  is the “One Man Business Entity”. It is owned, controlled and managed by a single person called the proprietor. The proprietor owns the business in his name under his PAN number. He is personally liable for his debts. The  sole proprietorship  and proprietor are the same thing. Advantage of Sole Proprietorship The Proprietor will be legally recognized as a Supplier of Goods & Services The proprietor can claim the Input tax credit (tax paid on the purchase of goods & services) The proprietor can pass on the credit of the taxes paid on the supply of the goods & services to the purchaser. He can make Interstate sales without restrictions. The proprietor can have a competitive advantage in comparison to other businesses....

Company Registration  is a paramount step for any business organization to protect & secure business rights. There is various forms/constitution of businesses available that one can register with. But among all Sole Proprietorship is a popular type of unregistered business institution owned, managed, and operated by a single person. The sole proprietorship is the “One Man Business Entity”. All the investments for the Sole Proprietorship business are done by the single proprietor who bears all the losses and enjoys all the profits. The overall control of the business, as well as its management, is in his hands. He can appoint individuals for conducting the business, but the ownership will rest solely with him. This type of business can be incorporated in fifteen days and hence makes it one of the most popular types of business to begin in the unsystematic sector, specifically among micro and small businessmen, traders or merchants. The majority of the unorganized sectors pref...