To Start a Proprietorship Firm . No proprietorship registration is required as such, The registrations like Shops & Establishment, GST Registration are required as these are necessitated due to the activity which the proprietorship intends to do and is common to all forms of business, In Other words these registrations are needed by any form of business so it is also needed for proprietorship. However to open a bank account in the name of business two entity proof is insisted by the Banker, Our Specialists shall be assisting you with these requirements based on the geographical location of the business. A proprietor secures the capital, establishes and operates the business, assumes all the risks, hence accepts all the profits and losses, and pays all the taxes. There is no separate pan card needed in the name of the business, the pan card of proprietor is also considered as the pan card of the firm. The return of Income Tax and payment of taxes is also done by the proprietor only.
