Proprietorship Firm

A sole proprietorship is one of the simplest and most popular business structures for individuals looking to start their entrepreneurial journey. At LCT, we provide end-to-end support for setting up and managing proprietorships, ensuring a smooth and hassle-free experience.

Why Choose Our Proprietorship Services?

  1. Easy Setup: We streamline the entire registration process, helping you get started quickly.
  2. Cost-Effective: With minimal compliance and affordable setup, a proprietorship is ideal for small businesses.
  3. Personalized Assistance: Our experts guide you through every step, from registration to compliance.

Our Proprietorship Services Include:

  • Business Name Registration
  • GST Registration for Proprietorship
  • Udyam (MSME) Registration
  • Trade License Assistance
  • Bank Account Opening Guidance
  • Income Tax Filing and Advisory
  • Compliance Support and Annual Filings

Steps to Register a Proprietorship:

  1. Consultation: Understand your business requirements and guide you through the process.
  2. Name Selection: Help you choose a unique business name.
  3. Document Preparation: Assist with preparing and submitting required documents.
  4. GST Registration: Apply for GST registration, if applicable.
  5. MSME Registration: Complete Udyam (MSME) registration to avail benefits.
  6. Final Setup: Ensure the proprietorship is registered and ready to operate.

Benefits of a Proprietorship:

  • Complete Control: The proprietor has full ownership and decision-making power.
  • Low Compliance: Fewer regulations compared to other business entities.
  • Tax Benefits: Tailored tax advisory to reduce liabilities.
  • Easy Closure: Simplified process in case of discontinuation.