This is one of the easiest ways of establishing a business in India. Sole proprietorship firm doesn’t need its own Permanent Account Number (PAN). The PAN of the owner or proprietor acts as the PAN for the Sole Proprietorship firm. Licences, permissions and registrations with various government organisations are required based on their business need. For example, if you provide services, service tax registration is applicable. Similarly, if you trade in goods, VAT registration is required.
Manobin Sini & Associates, Business Registration Consultant help you in setting up of Sole Proprietary Firm in Bangalore.