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Received an income tax certificate? Then submit your tax return now. Get Started Now
Don’t stress or worry about last-minute ITR filling. Trust our expert –
SOLE PROPRIETORSHIP
-
Fastest registration turnaround time in India with Guaranteed document upload to the
government portal under 7 days or get a full refund T&C* - Transparent process starting from Just ₹499 + GST
Get Free Consultation
HOW WE WORK
Working Process
Fill Form
Discussion With Expert
Submit Documents
Get Registration Done
HOW WE WORK
Right plan for your business
Standard
799/- + GOVT FEE
It offers a reliable and cost-effective hosting solution with all the essentials you need to get started.
- Expert Assisted Process
- GST Registration
- MSME Registration (Udyam)
Additional Feature:
*Notes
Startup Plan
3499/- + GOVT FEE
It includes a range of advanced features and resources to support and grow your online presence.
- Expert Assisted Process
- GST Registration.
- GST Return Filing
- MSME Registration (Udyam)
- Income Tax Return
Additional Feature:
*Notes
Shark Plan
5999/- + GOVT FEE
It offers the most robust set of features and resources to ensure the smooth operation and growth of your website.
- Expert Assisted Process
- GST Registration.
- GST Return Filing
- MSME Registration (Udyam)
- Income Tax Return
- Trademark Application
Additional Feature:
*Notes
Not sure about the packages?
Talk to our experts to understand your business compliance
needs and suggest the best plan for you.
needs and suggest the best plan for you.
- Advantages
- Disadvantage
- Why TaxSharks
Advantages of Sole Proprietorship
Reduced Compliance Burden
Initiating a sole proprietorship is a straightforward process with minimal regulatory obligations for registration. This form of business is cost-effective, requiring less initial investment compared to establishing a company or LLP.
Quick Decision-Making
The sole proprietor holds the authority to make swift and effective decisions for the business. This autonomy expedites the decision-making process, eliminating the need for external approvals or consultations with others.
Control in Business Operations
The sole proprietor exercises complete authority over all aspects of the business. Managing the business independently enables the preservation of confidentiality and simplifies operational processes.
Disadvantage of Sole Proprietorship
Limited Capital and Resources
Sole proprietors may face challenges in raising capital or acquiring significant resources for business expansion. The availability of funds is often restricted to personal savings or loans, which may limit growth opportunities.
Unlimited Liability
One of the primary disadvantages is that the sole proprietor has unlimited personal liability. This means that personal assets are at risk in case the business incurs debts or faces legal issues, potentially impacting the proprietor’s financial well-being.
Limited Expertise and Skills
Sole proprietors may possess expertise in certain areas but may lack diverse skills required for various business functions. This can lead to challenges in areas such as marketing, finance, or operations, impacting the overall efficiency of the business.
Why Taxsharks
TaxSharks is a idea introduced by like-minded professionals understanding the issues & problems faced by small, medium & large businesses. We are team of professionals including Chartered Accountants, Company Secreteries, Lawyers & Consultants, passionate to simplify the taxation & business laws. We aim at providing one on one expert assistance about all your queries assuring satisfaction.
TAXSHARKS
- Contact us +91 92352 99635
- Info@taxsharks.com