Brief about service
Sole proprietorship is the most simple and widely used business structure in India owing to its simplicity and minimal cost requirement. Often termed as “One Man Business Registration”, sole proprietorship renders numerous advantages as compared to other structures for people who are starting a new business with comparatively less risks. It requires less paperwork and is easier to maintain than partnerships or corporations.
The proprietor has full control over business decisions, provided they are within legal parameters. All the investments for the business is done by the single proprietor who bears all the losses and enjoys all the profits. That’s why it is the most popular in the unsystematic sector, specifically among micro and small businessmen, traders or merchants.
For Sole Proprietorship Registration, it is always beneficial to avail support of reliable field experts, who can assure seamless delivery of the same without much hassle. At TaxWisey, we are always there to offer full assistance with the registration process. We guarantee a hassle-free quick & easy process with 100% accuracy in documents at minimum possible cost.
Advantages of service
No Government Intervention
There is no intervention of government authorities in functioning of a sole proprietorship firm since sole proprietorship isn’t governed by any specific laws.
Easy and inexpensive process
Establishing a Sole proprietorship firm is generally an easy and inexpensive process as less formalities are required & less wastage of time for taking various approvals. In all cases, you’ll notice that the process requires minimum possible fees, as well as a significant reduction of paperwork. Because of these minimal complexities, the sole proprietors can focus on their business operations rather than on meeting various compliances.
Legal Recognition
The Proprietor will be legally recognized as a Supplier of Goods & Services. This will indirectly help in getting more consumer trust.
Lesser Taxation
The assets and liabilities of the Proprietorship firm are the assets and liabilities of the Proprietor. Since there is no legal difference between a proprietorship business and the proprietor for the calculation of tax liability, there can be various ways through which income tax benefits can be availed. Further, profits from the business will not be taxed at the business level which definitely acts in the favor of business. Profits flow directly to the proprietor’s personal tax return and they are not subject to a second level of taxation.
Sole decision maker
As only a single person is in command, it is easier to operate as the particular person will be the sole decision maker and he need not consider a plethora of opinions. This will indirectly benefit the business as there is no chance of conflict of ideas or decisions.. There is no concept of board meetings and no agreements between partners or partnership agreement required.
Ensures No Profit Distribution
Sole proprietors act as the sole owner of their business and rejoice uncompromised control over its profit.
No Government Intervention
There is no intervention of government authorities in functioning of a sole proprietorship firm since sole proprietorship isn’t governed by any specific laws.
Easy and inexpensive process
Establishing a Sole proprietorship firm is generally an easy and inexpensive process as less formalities are required & less wastage of time for taking various approvals. In all cases, you’ll notice that the process requires minimum possible fees, as well as a significant reduction of paperwork. Because of these minimal complexities, the sole proprietors can focus on their business operations rather than on meeting various compliances.
Legal Recognition
The Proprietor will be legally recognized as a Supplier of Goods & Services. This will indirectly help in getting more consumer trust.
Lesser Taxation
The assets and liabilities of the Proprietorship firm are the assets and liabilities of the Proprietor. Since there is no legal difference between a proprietorship business and the proprietor for the calculation of tax liability, there can be various ways through which income tax benefits can be availed. Further, profits from the business will not be taxed at the business level which definitely acts in the favor of business. Profits flow directly to the proprietor’s personal tax return and they are not subject to a second level of taxation.
Sole decision maker
As only a single person is in command, it is easier to operate as the particular person will be the sole decision maker and he need not consider a plethora of opinions. This will indirectly benefit the business as there is no chance of conflict of ideas or decisions.. There is no concept of board meetings and no agreements between partners or partnership agreement required.
Ensures No Profit Distribution
Sole proprietors act as the sole owner of their business and rejoice uncompromised control over its profit.
Quickest way for Sole Proprietorship Registration
Preparation of application
We will collect the documents and prepare the online application
Day 2
We will apply the GST Registration on the portal and will provide you ARN number to Track application
Sharing GST Certificate
We will share your GST Certificate with you
Preparation of application
We will collect the documents and prepare the online application
Day 2
We will apply the GST Registration on the portal and will provide you ARN number to Track application
Sharing GST Certificate
We will share your GST Certificate with you
How it works
Plans
Basic plan
- GST Registration Certificate
- GST Filing for 3 Months
- GST Invoice Format
- E-Way Bill Portal Registration
- Rent Agreement and NOC Drafting
- Business bank account opening support
Premium plan
- GST Registration Certificate
- GST Filing for 3 Months
- GST Invoice Format
- E-Way Bill Portal Registration
- Rent Agreement and NOC Drafting
- Business bank account opening support
- 30 minutes of GST Consultation
- LUT Application ( for exports )
Gold plan
- GST Registration Certificate
- GST Filing for 3 Months
- GST Invoice Format
- E-Way Bill Portal Registration
- Rent Agreement and NOC Drafting
- Business bank account opening support
- 30 minutes of GST Consultation
- LUT Application ( for exports )
- MSME Registration Certificate
- Import Export Code Registration
Testimonials
Check out some of our Client ReviewsAll your Questions answered in one place
Why choose us
End to End Solution
TaxWisey offers you end-to-end solution to all your tax and business compliance problems with the help of our in-house tax experts in an user-friendly, comfortable and secure environment so that you can take the utmost advantage of the same
Affordable Prices
Usually, “professional” is inferred as “costly,” but this is not not the case at TaxWisey! By Giving us an opportunity to serve, you would be considering it as an additional cost, but on the contrary we can actually save lots of money for our clients.
Quick Support
You can connect with our customer support team to get assistance and clear your tax and finance related queries. Drop us a call for FREE Consultation anytime.
Timely Returns
Our assets are our clients. Our talented, resourceful and spirited people are the very best technically in terms of competence, always with an eye towards service and timeliness. That is our guarantee.
Accuracy
Our services are tailored in line professional ethics and confidentiality to simplify finances, save money and time. Every piece of work is checked for completeness and accuracy. The data entered goes through a robust system of scrutiny designed by our experts.
Tax Filing Guidance
A highly automated and user-friendly interface to ease your tax return preparation and filing. Our experts ensure that you get the maximum possible tax refund and exemption and do not pay more than you owe.
No Hidden charge
The charges of our mentioned services shall be inclusive of all overhead costs and there are no other expenses or costs involved of any nature. We reassure you that we stick to the fees we quote and there are no hidden costs.
Privacy
Our platform has several security layers that keep your data safe & secure. We strictly adhere to legal guidelines of data security and make sure that is given top priority.
Money Back Guarantee
Our money back introductory scheme clearly indicates our unselfishness. We value our clients' satisfaction and hence, we offer further refunds if we are for some reasons, unable to cohere to the annual timetable as per commitment.