Proprietorship Registration In Madurai
It is easy to start a Sole proprietorship in Madurai if the compliances are properly met.
- It is necessary to decide on a suitable business name
- A suitable business location is designated as the place of doing the business should be selected.
As we all know that there is no specific registration required for the proprietorship in Madurai. Here are some registrations or licenses that proprietorships can go for.
Registering Under Udyog Aadhar
A sole proprietorship registered in Madurai can be registered as a Small and Medium enterprise under the MSME Act. Though is it not mandatory to register as an SME it is beneficial when the business is taking a loan for the business. The government has various schemes for SMEs where loans are provided at very lower rates of interest.
Shop and the Establishment Act License
This license is necessary to be obtained in accordance with the local laws. The Shops and the Establishment license is issued by the municipal corporation and is issued based on the number of employees.
In case if the annual turnover is more than Rs.40 lakh and if you are doing online business then a GST number is needed to be obtained. For registering under GST here is the list of documents required.
- PAN Card
- Aadhar Card
- Passport Size photo of the applicant
- Bank passbook and the bank account statement
- The latest electricity bill is in the name of the person seeking GST registration.
TAN Registration or the Tax deduction collection number is mandatory for all the people who are supposed to pay TDS. The person who is deducting the tax is required to deposit the deducted tax with the Central Government to quote the TAN number. A proprietorship registered in Madurai is required to deduct the tax at source while making certain payments like the salary, payments to the contracts, or the subcontractors.
FSSAI registration should be obtained from the Food Safety and the Standard Authority of India if the proprietorship registered in Madurai is involved in the selling of food business or handling the food products. We can help you in obtaining the FSSAI registration completely online.
How can IndiaFilings help you in obtaining proprietorship registration in Madurai?
At IndiaFilings the whole process for obtaining the Proprietorship registration is completely online. All the documents need to be submitted online. We have helped thousands of entrepreneurs to obtain Proprietorship registration in Madurai.
On receiving the request our Incorporation experts get in touch with the applicant and understand your business needs. After briefing the whole procedure the experts tell you about the documents we would need,
Once the applicant submits the document we initiate withe process of proprietorship registration.
A dedicated relationship manager is assigned who will be guiding you throughout the whole procedure.
We can help you register as a Proprietor in Madurai within 8-10 days, but the time taken is subject to the submission of documents by the applicant.