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PROPRITORSHIP FIRM REGISTARTION

PROP. FIRM REGISTRATION

REQUIREMENTS OF A FIRM

KNOW ABOUT PROPRITORSHIP FIRM

• REGISTRATION ACT 1908

• Detail:

When the business is owned and controlled exclusively by a single person. it is called 

sole-proprietorship, It is started through the initiative of the proprietor and is run

with the capital provided by him or through borrowed funds. The proprietor manages 

the business himself, bears all the risk alone and gets all the profits. In this type of 

firm, the proprietor can apply for the pan card in his name or in the name of the 

firm. There is no restriction on the name of the pan card. He is free to choose 

any line of business and take any action with the some legal formalities,

as applicable.

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