What is the procedure for starting a proprietorship firm in India?

What is the procedure for starting a proprietorship firm in India?

Partnership Firm

A simple partnership firm is similar to sole proprietorship for all practical purposes. A partnership firm also requires all the registrations required by sole proprietorship firms. Partnership firms can be either registered with registrar or remain unregistered. A pan card has to be obtained for the firm and the liability of the partners is unlimited whereas the firm cannot have continuous existence.

Important registrations:

  • Sales Tax registration
  • Service Tax registration

 

 


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