A SOLE Proprietorship is a business in which the single person have the responsibility of running
and maintaining the business. The in dividual entrepreneurship makes you solely responsible for the
business liabilities and eliminates the gap between the proprietor and business.
Muneemg provides the service of SOLE Proprietorship registration in minimal steps with great comfort. You can apply for a SOLE Proprietorship, sitting at your home in one click.
Muneemg allows you to avail all these benefits with uncomplicated procedure. If you want to register your business or startup as Private Limited Company, do it effortlessly with the Muneemg. You have to just fill the enquiry from and wait for our executive to approach to approach you. All the left is our headache, Muneemg will provide you all the services from picking up the documents at your doorstep to the Completion of registration procedure.
The Proprietor must be an Indian citizen and a Resident of India.
Proprietorship firms do not have a Certificate of Incorporation.
There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
To open a bank account for a Proprietorship, Reserve Bank of India mandates that the proprietor must provide two forms of registration for the Proprietorship firm along with the PAN Card, identity proof and address proof of the Proprietor. The two forms of registration can be any two of the following: service tax registration, MSME registration, VAT/TIN/CST registration, Shop & Establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.
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