• Registrations required in Karnataka

For a sole-proprietorship company having no physical office what are the statutory registration required. The business is basically online facilitation services.
Asked 9 years ago in Business Law

Ask a question and receive multiple answers in one hour.

Lawyers are available now to answer your questions.

4 Answers

1) you would need CST/VAT certificate

2)Certificate/registration document issued by Sales Tax/Service Tax/Professional Tax authoritiesCST/VAT certificate

3)obtaining PAN card in name of sole proprietor

4) licence under shop & Establishment Act License is required for businesses that operate a store or factory or formal place of business. . you wont require such a licence

Ajay Sethi
Advocate, Mumbai
96986 Answers
7833 Consultations

A sole proprietorship is any business that is a single person operation.

A few steps to follow in this is :

1. Decide on a name for your business. Research it to avoid trademark infringement.

2. Register your business name. Register the name of your business with the Secretary of State or the Department of Corporations in your jurisdiction.

3. Secure the necessary permits. Acquire the federal, state and local permits needed to conduct a sole proprietorship business. These may include state and local licenses for tracking and monitoring businesses for tax purposes and other legal formalities.

4. Prepare a business plan that outlines your goals. A business plan will assist you in apportioning resources correctly, deal with unexpected situations and make informed decisions.

5. Open up bank accounts. Open a separate bank account in the business name, even if the business is operating under your name.

6. Maintain financial records. Invest in accounting software or hire an accountant or bookkeeper to keep the financial records for your business organized.

7. Seek the advice of an attorney. By consulting with an attorney, you ensure that the legal concerns involved with starting a sole proprietorship are addressed.

Though your company may not have a physical office, it has to be operated from one place and the accounts of the transactions are to be maintained for taxation purposes hence the above steps may be considered and whichever is not necessary may be discarded.

T Kalaiselvan
Advocate, Vellore
87188 Answers
2342 Consultations

1. There cannot be a business entity which is sole proprietorship and also company. Either it can be a sole proprietorship or company.

2. For sole proprietorship there are no statutory requirements as it can be set up with even a current account. It does not require registration.

3. If it is a company and not sole proprietorship then the procedure under Companies Act has to be followed. The company is required to have a registered office for all communications.

Ashish Davessar
Advocate, Jaipur
30776 Answers
972 Consultations

You should have Office and its address proof to register the Firm.

Sandeep Hegde
Advocate, Bangalore
418 Answers
154 Consultations

Ask a Lawyer

Get legal answers from lawyers in 1 hour. It's quick, easy, and anonymous!
  Ask a lawyer