Today we at MyOnlineCA discuss about proprietorship firm registration in Delhi and how to register a proprietorship firm in Delhi. Starting a firm in Delhi is not easy because there are few registrations which are required before starting a firm in Delhi. So let’s learn How to Register Proprietorship Firm in Delhi.
Delhi is the capital of India and there are many opportunities available for the entrepreneur and if you are thinking of starting a firm in Delhi then you need to be more careful with firm registration because without obtaining licenses you cannot start a business legally. Even Delhi local Government License are very complicated from marriage registration or firm registration. So you always need to consult with a CA or Legal Consult advisor about Proprietorship Firm Registration in Delhi.
How to Register Proprietorship Firm in Delhi
Before Starting the Proprietorship Firm in Delhi you have to know about the Current bank account opening for the same. because ultimate purpose of the Proprietorship Firm i.e Current bank account on Firm name. So First of all just visit any Delhi Private or Govt Banks to ask about the documents checklist to open a proprietorship firm current bank account.
Below are the Some Legal Entity Certificate which is required by a Proprietorship Firm in Delhi to open the bank account –
Shop and Establishment Act License in Delhi
You can register your sole proprietorship firm through shop and establishment registration in delhi. Shop and Establishment act license is issued by the Government of Delhi through the Labour Department. This license is a primary requirement for every business in Delhi because without obtaining this license you cannot run a shop or any establishment in Delhi.
For commercial activity, this license is required in Delhi. It is very important to obtain this and it can be obtained through online registration for which you need to visit the official website of the Labour Department of Delhi Government. When you open the website you will get an option of online registration and when you click on it, Form A will be open and you have to fill the Form A for shop act license. You have to mention your personal and professional information like name of the establishment, address, Email, Phone Number, Establishment category, name of employer, father name of employer, name of the business, etc.
You have to submit the documents like PAN, Aadhar, Electricity bill, and others along with this form and fee. After deposit of form along with a fee, you will get your shop and establishment act license from the Delhi Government. But this process is not easy look like so always take help from any legal professional for the same.
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GST Registration for Proprietorship Firm in Delhi
You can register your sole proprietorship firm in delhi by obtaining GST Certificate. GST is an indirect tax and it is a duty of seller and service provider to file their GST return in the prescribed period. GST is mandatory for those businesses whose turnover is more than a prescribed GST Turnover Limit. Filing of GST return cannot be done without obtaining GST identification number so you need to obtain GST identification number first. You can file your form for GST registration on the website of GST and you need to submit the documents along with registration. After obtaining GST certificate you will have a proof of your sole proprietorship firm.
MSME For Proprietorship Firm in Delhi
You can also register your proprietorship firm in Delhi through MSME registration. MSME registration is important for small and medium enterprises because after obtaining this you will get many benefits. Now MSME registration can be done through Udyog Aadhar, Udyog Aadhar is a digit unique number which is allotted by the Ministry of Micro, Small and Medium Enterprises. You need to file your Udyog Aadhar memorandum for obtaining Udyog Aadhar number and you can file this on the official website of Udyog Aadhar. Udyog Aadhar certificate will be proof of your business.
CA certificate for Proprietorship Firm in Delhi
You can also register your proprietorship firm by obtaining a CA certificate, it will be issued by a CA. He will authenticate your business and will give a certificate of authentication.
Benefits of Proprietorship Firm Registration in Delhi ?
- Delhi Shop Act license is important because it is mandatory license for commercial establishment in Delhi without obtaining this license you cannot start your firm in Delhi.
- After obtaining Udyog Aadhar certificate you will get many benefits like you will get subsidy under various government schemes and you will get the loan on low interest rates and your business will become eligible for government schemes. You will also get benefits under income tax.
- CA certificate is important for authentication of your commercial activities.
- GST registration is important for filing GST return and without GST registration you will not be able to file your GST return. You will not be able to enter into any GST scheme without obtaining GST identification number.
Conclusion on Delhi Proprietorship Firm Registration
As you can see in the above given article that Sole Proprietorship firm can be registered through various legal registration like GST, Shop, and establishment Act license and any other license. So if you are thinking of starting a proprietorship firm in Delhi then you can register your firm in any above given registration.