Provides advice & guidance to clients regarding their investments & manage their investment portfolios.
About Us
Vijay Kishan Financial Services Private Limited(VKFS) was incorporated in the year of 2019 with the vision of providing support, timely resolution, advising clients and fulfilling their requirements in the best possible way. We are offering a wide range of Professional services to clients across Pan India and abroad.
About Us
Proprietorship Business
Vijaykishan Financial Services Private Limited
Proprietorship Business
There are many types of business and a proprietorship firm is one popular kind. Proprietorship or sole proprietorship is owned, controlled, and managed by one single person. In a proprietorship, there is no legal distinction between the owner and the business entity itself.
Groceries and Medical Shop are some good example of a Proprietorship firm. Low cost in setting up and minimal compliances are a few attractive features. It best suits those, who target to put up businesses that are mostly small or unorganized. Proprietorship businesses are common among small businesses and freelancers due to their simplicity and ease of setup.
Benefits of Proprietorship firm Registration in India
- One Person Show: In a proprietorship, you are the person who is whole and solely responsible for the business running.
- Easy to Start and Close: Registration is quite simple and hence, one may find it easy to complete the formalities.
- Taxation: Income tax is not needed for proprietorship up to 5 lakh rupees of income. Income generated by the business is typically reported on the proprietor's personal income tax return. The business itself is not taxed separately.
- Flexibility: The proprietor has the flexibility to adapt and change the business as needed without needing to consult with partners or shareholders.
- Business Name - Own Choice: You are privileged to choose any name for your firm until and unless you don't take the registered trademarks. This also means anyone is free to use your business name till the time you get a trademark registration.
Documents required for Proprietorship Firm registration
- Name & Nature of Firm
- Pan Card
- Adhar Card/Voter ID/DL/Passport
- Electricity Bill
- Rent Agreement (in case of Rented)
- Photo
- Mobile No & Email Id
Faq’s
Common Questions and Answers
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Can you provide guidance on the benefits and eligibility criteria for Start-Up India registration?
Start-Up India registration offers various benefits to eligible businesses, including tax exemptions, access to funding schemes, and eligibility for government tenders. Eligibility criteria include the age of the business and compliance with certain innovation and growth criteria.
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What is the significance of FSSAI registration for businesses in the food industry?
FSSAI registration is crucial for businesses in the food industry as it ensures compliance with food safety standards and regulations. It helps in building trust with consumers and regulatory authorities, thereby enhancing market credibility.
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Do you offer assistance with drafting and filing necessary documentation for tax exemption registrations?
Yes, we provide assistance with drafting and filing the necessary documentation for tax exemption registrations. Our experienced team will ensure that all required documents are accurately prepared and submitted to the relevant authorities.
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Can you provide ongoing support and assistance for compliance requirements post-registration?
Yes, we offer ongoing support and assistance for compliance requirements post-registration. Our team will keep you informed about any changes in regulations or compliance obligations and help you stay compliant with all applicable laws.
