Partnership Firm Udyam Registration

Posted by Udyam Care on November 25th, 2020

Partnership Firms that want to avail the benefits of the government scheme need to register under MSME. 

Meaning of sole proprietorship firm

A sole proprietorship firm is the most common form of entity In India. These types of firms are run by a single owner and solely responsible for all the profit and losses available in India.

The sole proprietorship is the simplest type of business in which a corporation may be conducted by Single ownership and it is also not considered as a legal body. It basically refers to an entity that owns the company and is personally liable for its debts. Under the name of its owner, a sole proprietorship can operate or under a fictitious name, such as Lilly bakery.

So in order to take the advantage of MSME, you need to get udyam registration for a proprietorship firm. Check the benefits which are provided below

Benefits of Udyam

• Government Benefits
• Subsidy Benefits
• Bill payments concession
• Delayed payment protections
• Bank loan without security

Process for Registration

1. Visit for Proprietorship Firm Udyam Registration.
2. Fill in all the details in the Form.
3. Make Online payment
4. Your udyam application will be processed.
5. Get Certificate

Documents

• Aadhaar Card 
• PAN
• GSTIN