Name reference
This query is : Resolved
21 December 2013
hi all,
i am a postgraduate and having exp in the field of accounting auditing and taxation . i am planning to setup a proprietorship professional services.
my questions is "name & co." or "name & associates" which one i should consider? and do i need to register
i am a postgraduate and having exp in the field of accounting auditing and taxation . i am planning to setup a proprietorship professional services.
my questions is "name & co." or "name & associates" which one i should consider? and do i need to register
21 December 2013
You can use both for your propritorship business, but Name & associated will be better pronounce for such kind of business purpose.
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21 December 2013
Hi Sir,
is this sufficient name of the business as well in my card
"ABC AND ASSOCIATED"
Tax, Accounting and Consulting Services
is this sufficient name of the business as well in my card
"ABC AND ASSOCIATED"
Tax, Accounting and Consulting Services
21 December 2013
Yes,you mentioned your name as propritor in your card.
21 December 2013
In the case of proprietorship firm, there is no registration required. As there is no procedure to make application for availability of name (as in the case of companies) applicable, you simply have to open a bank account with the name & style you want to work. But if your business is liable for VAT and / or Service Tax registration, then you have to obtain VAT and / or Service Tax registration. Further, for sole proprietorship, no separate income tax PAN is required. The PAN of the proprietor will be the PAN of the firm and proprietor will have to file income tax return in his personal name.
Documents Required for Proprietary Firms
• Photocopy of PAN Card (copy and photograph clearly visible).
• Shop and Establishment Licence (only Registered Shop and Establishment Licence will be accepted).
Proof of residence:
• Bank statement no more than three months old with stamp and signature (bank letter confirming the name of the client, address and account number if not on the letterhead).
• Photocopy of utility bills (landline, electricity, gas bill – no more than three months old).
• Photocopy of driving licence (valid and not expired).
• Photocopy of passport with full address of the client (address on the passport should be typed and not handwritten).
Bank proof:
• Cancelled cheque.
• Bank statement.
• Office proof with office address and in the name of the firm/proprietor.
• Bank statement no more than three months old with stamp and signature.
• Photocopy of utility bills (landline, electricity, gas bill – no more than three months old).
In the case of proprietorship firm, there is no registration required. As there is no procedure to make application for availability of name (as in the case of companies) applicable, you simply have to open a bank account with the name & style you want to work. But if your business is liable for VAT and / or Service Tax registration, then you have to obtain VAT and / or Service Tax registration. Further, for sole proprietorship, no separate income tax PAN is required. The PAN of the proprietor will be the PAN of the firm and proprietor will have to file income tax return in his personal name.
Documents Required for Proprietary Firms
• Photocopy of PAN Card (copy and photograph clearly visible).
• Shop and Establishment Licence (only Registered Shop and Establishment Licence will be accepted).
Proof of residence:
• Bank statement no more than three months old with stamp and signature (bank letter confirming the name of the client, address and account number if not on the letterhead).
• Photocopy of utility bills (landline, electricity, gas bill – no more than three months old).
• Photocopy of driving licence (valid and not expired).
• Photocopy of passport with full address of the client (address on the passport should be typed and not handwritten).
Bank proof:
• Cancelled cheque.
• Bank statement.
• Office proof with office address and in the name of the firm/proprietor.
• Bank statement no more than three months old with stamp and signature.
• Photocopy of utility bills (landline, electricity, gas bill – no more than three months old).
21 December 2013
ajaygkp@gmail.com
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