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PROPRIETORSHIP FIRM

Magus can help you with registration of Sole Proprietorship Firm for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee which starts from Rs.999/-

Sole Proprietorship is the simplest and easiest business structure to start a new business. Sole Proprietorship is an unregistered business entity and simply refers to a person who owns the business and is personally responsible for its debt. Legally there is no difference between the Sole Proprietorship Firm and the Sole Proprietor. Certain relevant queries in connection with the same have been dealt below.

Only one person is required to form a Sole Proprietorship Firm.
A Sole Proprietorship Firm is very easy to form due to its minimal registration requirement and it requires only one person to incorporate.
In India there is no mechanism for registration of a Proprietorship Firm. However, the proprietorship firm can be established through various registrations required to start and/ or operate a business in India as per the rules and regulations, i.e., GST Registration, Trade License, Food License, Aadhar Udyog etc.
The proprietor can choose any business name as per his/her wish to create a Sole Proprietorship Firm. However, the business name should not be same as of a registered trade mark.
No, the Sole Proprietorship Firm cannot restrict any other person to use its business name, unless it gets its name registered under Trade Mark.
Income earned by Sole Proprietorship Firm is considered as income earned by the owner and thus, taxed in its individual hand. Accordingly, the tax shall be computed as per slab. However, it is to be noted that Income-tax Act, 1961 provides (almost) common rules for the calculation of taxable business income for all entity structure (say, company, partnership, sole proprietorship firm etc.)
The liability of a sole proprietor is unlimited. As the Government does not differentiate between the Sole Proprietorship firm and a Sole Proprietor, the proprietor is personally liable for all the debts incurred by the Sole Proprietorship Firm.
Magus can help you with registration of Sole Proprietorship Firm for you, as and when required, in a hassle-free manner within a reasonable time span and for competitive professional fee. To know more, please book a telephonic appointment with one of our consultants free of charge.
₹ 999 Including gov fee

ELEMENTAL

  • Udyam Registration
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₹ 1999 Including gov fee (Popular)

ENRICHED

  • Udyam Registration
  • GST Registration
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₹ 7999 Including gov fee

SUPREME

  • Udyam Registration
  • GST Registration
  • Trademark Application
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* Terms & Conditions

1)  In case the above plan does not qualify your requirements, kindly contact our executive, we shall be happy to customise a plan for you

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Easy Accessability & Cost efficiency

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Excellent Reminder Policy

Our Excellent reminder policy will never let you spend a single penny towards penalty or late fee for any compliance

Highly Experienced Consultants

You will get tailormade advice, based on various relevant parameters, such as your industry segment, business needs, type and size of your entity, by our highly experienced Consultants

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While we take stern steps to ensure that our clients do not face any issues while availaing our services, we have set-up a Grievance Redressal Team to take care of all your grievances in a timely manner. Our promoters take every single grievance very seriously and personally oversee resolution in each case.

What our clients think about us

"It has been a wonderful experience dealing with MAGUS. They are efficiently organized and thoroughly clear with the subject of dealing. The cut-down wastage of time, repetitive demands and the methodology of dealing with the client has kept our bonding high with them. Its a MUST recommend to all business house to hire them as your professional partners"

Director , YUMFOODS & CONFECTIONERIES PRIVATE LIMITED

"I truly thank and appreciate Magus Professionals for their services and support. Ever since the incorporation of Rayaguru Infotech LLP, Magus Professionals has been there for us in meeting all the compliances in time and hassle free way. I strongly recommend Magus Professionals"

Designated Partner , RAYAGURUINFOTECH LLP

"My first interaction with Magus team was over a phone call made by them. Before this happened I had already recieved many phone calls made by similar organizations. I chose to get associated with Magus as the number of services they provide to their clients is unmatched. For a start up like mine, Magus is a one stop solutions. Starting from helping me prepare the rent agreement to helping me get all the required licenses and filing GST returns, they had it all covered. I have found their input very valuable time and again. Their dealings has always been extremely professional. I would like to thank them help me run my business and I hope this association stays for long"

Director , BFS AND MORE PRIVATE LIMITED

"Dear Magus Team, I want you to know how much I appreciate the excellent service you provided. Your attention to detail, great communication and ready smile made the experience even better than I expected. I won't hesitate to bring future clients to your establishment and you can be assured"

Director , RISING HIRESTAR CONSULTANCY PRIVATE LIMITED (OPC)

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