Compare your Options
Minimum Price
- Average Feature
- Average Control
- Above Average Risk
- Easy Ease of operation
- Low Compliance Price
Good Price
- Average Feature
- Average Control
- Average Risk
- Moderate Ease of operation
- Moderate Compliance Price
Absolute Price
- Distributed Feature
- Limited Control
- Limited Risk
- Moderate Ease of operation
- Moderate Compliance Price
High Price
- Average Feature
- LimitedControl
- Limited Risk
- Slightly Complicated Ease of operation
- High Compliance Price
High Price
- Average Feature
- LimitedControl
- Limited Risk
- Slightly Complicated Ease of operation
- High Compliance Price
Frequently Asked Questions
Who can be a Proprietor?
The Proprietor must be an Indian citizen and a Resident of India.
Will Proprietorship Firm have Certificate of Incorporation?
Proprietorship firms do not have a Certificate of Incorporation.
How much money do I need to invest upfront in starting the business?
There is no limit on the minimum capital for starting a proprietorship. Therefore, a proprietorship can be started with any amount of minimum capital.
How to open a Bank account for a Proprietorship firm?
To open a bank account for a Proprietorship, Reserve Bank of India mandates that the proprietor must provide two forms of registration for the Proprietorship firm along with the PAN Card, identity proof and address proof of the Proprietor. The two forms of registration can be any two of the following:
service tax registration, MSME registration, GST registration, Shop and Establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.
When to choose Proprietorship?
When You are starting a business and You don’t want to many compliances. Proprietorship is much better to try out new business as it is easy to start and shut down as well without much expenses and inconvenience.
Can I add other person in Proprietor?
No. Proprietorship is for single owner business firm.
In Proprietorship, Can I pay salary to myself?
No. Salary is not allowed in proprietorship.
Will my business be impacted , If I choose to form a Proprietorship?
Practically and legally No, you can do a big business in proprietorship.There is no limitation on it.However, in certain cases big companies, Government Agencies do not prefer to work with proprietorship due to practical and reliability issues.
Why AKT Associates?
Expertise - That Counts
We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.
Experience - That Matters
At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand.
Efficiency - That reflects in everything
With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently.
Cost - That saves a Lot
We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.
Conveniences - That says a Lot
The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.
