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 COMPANY REGISTRATION
Passport Size Photo(5)
PAN Card
Residence Proof
Bank Statement
Electricity Bill
Rent Agreement
3 Affidavits (Each Director)
Digital Signature(DSC)
PROPRIETORSHIP FIRM RULES
1. Require minimum 2 directors or partner. 2. Authorized Share Capital: 1 Lakh Rupees ( It’s just a share proposed value, doe’st not mean you have to invest 1 lakh rupees)