ONE PERSON COMPANY REGISTRATION IN INDIA- HOW TO REGISTER ONE PERSON COMPANY- SOME FEATURES, KEYPOINTS AND DOCUMENTS REQUIRED TO REGISTER ONE PERSON COMPANY:
A sole proprietorship, also named as the sole trader, individual entrepreneurship or one person company, this is a type of alliance that is owned and run by one person and in there is no legal distinction between the business entity and owner. Before start to register one person company in india or one person company registration in india you have to know how to register one person company.Look into the below topics :
A sole proprietorship does not mandatory work ‘alone’—the sole trader can employ other people.
The sole trader accepts whole profits (subject related to taxation specific to the business) and has unlimited duty for all losses and debts.
Each commodity of the business is owned by the owner and all debts of the business are the proprietors. here It is a “sole” proprietorship in contrast with partnerships (which have at least two owners).
A sole trader may use a trading name or business name other than their or its legal name. They have the right to legally trademark their business name if it differs from their legal name, the process varying depending upon the country of residence.
Sole Proprietorship is a character of concern that is owned and run by only one person and it has no separate legal entity between business organization and individual.
Documents Required for one person company :
- Chose Company Name
- KYC of the Director
- KYC of the Nominee
- Registered office address proof of company(i.e; Electricty bill & tax paid receipt)
- DSC of Director (if)