03 June 2014
I want to start a new proprietorship firm providing services of web development what should i do to register the firm so that i can start invoicing with firm name ?
03 June 2014
For proprietary concern, generally no specific registration is required.But for opening of current accounts Banks are insisting such registration with any Government authorities. The options available are : 1. Labor license or2. Trade license with Municipal or Panchayath.The Third one is Service Tax registration, but unless the Gross receipts are expected to be morethan Rs.9.00 lakhs in a year,it is not advisable to go for Service Tax registration. You can opt for labor licence or Trades/Establishments registration depending on the location of your office.
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