Sole Proprietorship Firm Registration is Single Person Firm Registration i.e is the main objective is Open Current Bank Account on the Name of Business so it’s a simply firm which is enable doing business in India with Less Compliance and Less Costing. A Sole Proprietorship Firm require minimum 2 Legal Entity Proof for open a Current Bank Account.
DOCUMENTS REQUIRED FOR PROPRIETORSHIP FIRM REGISTRATION
Passport Size Photo(2)
PAN Card
Residence Proof/Aadhaar Card
PROPRIETORSHIP FIRM RULES
1. Require Aadhaar, PAN ,Residence Proof and photo. 2. Authorized Share Capital: 1 Lakh Rupees ( It’s just a share proposed value, does’t not mean you have to invest 1 lakh rupees)
WHAT ALL YOU GET WITH PROPRIETORSHIP FIRM REGISTRATION