Jsons Solicitors Private Limited

Nidhi Company Registration is the legal process in India for forming a type of non-banking financial institution that primarily deals with lending and borrowing within its members. Nidhi companies are regulated by the Ministry of Corporate Affairs and cater to the savings and credit needs of their members, promoting financial cooperation and self-reliance within a community.

• To Start a very small business, proprietorship firm is a good idea, in which a single person is an owner and invests some money in the form of capital and gain solely some profits or losses during the business session.
• Proprietorship firm registration is very easy to start a business. Proprietorship firm can be registered under various laws like Micro, Small and Medium Enterprises (MSME), Shop Act, Labour Act and under the Tax Laws also. However to register a proprietorship firm no specific legal certificate is required like Company incorporation and other business registrations.
• Proprietorship firm has very few compliances and no audit requirement up to the specified limit under Income tax laws. Therefore, a small businessman can easily afford the expenditure occurred during the business transactions.
• In nutshell, a registration under aadhaar udyog and under GST Laws can open a bank account of proprietorship firm in its own business name easily . Further a Proprietorship firm can easily be converted under One Person Company (OPC) or Limited Liability Partnership (LLP) or private limited company easily.
• Proprietor of proprietorship firm losses some benefits like limited liability, separate legal entity, legal certificate, when he goes for Proprietorship registrations.
• Vakil karo is the superior platform providing services related to registrations of businesses like private Company Registration, Limited Liability Registration, One Person Company Registration, Partnership Registration and Proprietorship Registration.
• Proprietorship Registration process usually takes 3-5 days to register under the various laws.

• Easy to start – Prop. Firm can start with easy registrations.
• Tax benefits – Although proprietorship firm is a business hence tax rates are applicable of individuals.
• Profit Sharing – Proprietorship firm has its single owner, therefore all the profits are acquired by the owner, and hence no profit sharing exists.
• Business name – When you register a business in proprietorship firm, you get a special business name.
• No longer process to close – Proprietorship firm can easily be closed any time.

Established in the year 2014, Jsons Solicitors Private Limited is one of the distinguished service provider immersed in the arena of presenting to our customers highly reliable Intellectual Property Rights Services, Legal Matters Services, Corporate Compliance Service, Company Registration Service, Certification Services, GST Service, ESI Service, EPF Service, Income Tax Services, etc. The personnel delivering these services are selected from some of the capable personnel present in the industry. Broadly cherished owing to its reliability, these offered services are highly acclaimed.