In this Article at Myonlineca, Can Proprietorship Firm have Multiple Business ? most of the proprietor are confuse on this question when you are register the proprietorship firm. I will give you answer to this query in a way that will enable you clearly understand the condition of having multiple businesses as a sole proprietorship.
Can Proprietorship Firm have Multiple Business?
Ans. Yes, You can have Multiple businesses if you are a sole proprietor. You can have multiple businesses in the same name and you have to get Shop act license or gumasta license which is enough to register Sole Proprietorship. But if you have opened a second business in another name then You may require to have a separate certificate for the other businesses. For Example, if I have sole proprietorship business in name of Galaxy mobile point and I started a new business in the different name then I require Gst Registration and shop act license in name of other shops.
If you are opening multiple businesses, you have to also make sure that business should not have a condition that you need to be a private Limited company, LLP and partnership firm etc. For example, if you wish to start a Franchise Business in India, they have a condition that your firm should be registered as a business entity other than a sole proprietorship.
Even if you want to start the multiple business with the same propreitorship firm name then yes its possible.
Can One Person Registered Multiple Proprietorship Firm ?
Ans Yes, One person can Register more than one proprietorship firm. As Registration for Sole Proprietorship firm Is not required or is not mandatory. But You need To have separate GST Registration in name of all firms, if you have taken Udyog Aadhar Registration and have opened another business then you need to obtain Udyog Aadhar certificate in Name of new Business and You also need Separate shop act license for new Business.
How Foreigner Create a Sole Proprietorship Firm?
Ans. No, The Foreign Nationals can Open A business In India only through Pvt Ltd Company Registration or Limited Liability Partnership. The Indian government has set limits on Foreign Direct Investment. Incorporating an LLP Or Private Company in India is the easiest way to start Business in India.
Conclusion
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