Incorporating a proprietorship firm in India involves several key steps and legal considerations. Accounting VAKIL is here to guide you through the process and ensure a smooth and compliant incorporation of your proprietorship.
Business Name Registration:
The first step is to choose a unique name for your proprietorship and check its availability. We assist in registering the business name with the relevant authorities to ensure compliance with naming guidelines.
Obtaining PAN and GSTIN:
We help you obtain a Permanent Account Number (PAN) from the Income Tax Department and register for Goods and Services Tax Identification Number (GSTIN) if your business meets the GST registration criteria.
Bank Account Opening:
We assist in opening a bank account in the name of your proprietorship firm, which is essential for conducting financial transactions and maintaining business records.
Licenses and Permits:
Depending on your business activities, you may need specific licenses or permits from regulatory bodies. We guide you through the process of obtaining any necessary licenses to ensure legal compliance.
Tax Registration:
We help you register for other tax-related registrations, such as Tax Deduction and Collection Account Number (TAN) for deducting and depositing tax at source, and Professional Tax registration, if applicable in your state.
Documentation and Filing:
Our team prepares and files the necessary documents with the concerned authorities, including the application for PAN, GST registration, and any other registrations or filings required for your proprietorship.
Compliance Support:
After incorporation, we provide ongoing support to ensure compliance with tax laws, accounting standards, and regulatory requirements. This includes maintaining proper books of accounts, filing tax returns, and fulfilling annual compliance obligations.
With Accounting VAKIL, you can rest assured that your proprietorship incorporation process is handled efficiently and professionally, allowing you to focus on growing your business with confidence. Let us be your partner in setting up and maintaining a compliant and successful proprietorship firm.
Lets have look at our interpersonal thoughts to know us more