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Advice in registration for the proprietorship firm.


07-Nov-2023 (In Corporate Law)
I want to open a proprietorship firm.In future.Also, I will plan to do import/export. Also, I am thinking to do trademark and brand register for my firm. Hence,which name(postfix) should I considered such as enterprise or traders or overseas or corporation?which is best suitable for Sole proprietorship? Hope I will get a satisfying answer. Thank you
Answers (2)

Answer #1
978 votes
Dear Client, If you plan for import/export, it would be advised to go for LLP or pvt.ltd incorporation. Proprietorship face difficulty in getting cash credit/laons from financial institutes. Further name should be UNIQUE. You can refer MCA site to get rules regarding acceptable names. Expert Jurist LLP.
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Advocate JV Bhosale

Adv. JV Bhosale

LawRato Mumbai | 400+ Answers
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Answer #2
539 votes
There is no requirement under law for registration of a Proprietorship Firm. You will require to obtain trade licence which is also called as Shop & Establishment license from the local Municipal Corporation office along with other licenses depending upon which type of business you are undertaking. Also if you intend to undertake Import-Export business then you will require to obtain Export-Import license. Further, there is no such compulsory requirement to extend you business name with traders or overseas or corporation. It is upto your wish. You can apply for trademark anytime. In case of further assistance, call me and take appointment.
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Advocate Bankim Mehta

Adv. Bankim Mehta

LawRatoMumbai | 200+ Answers
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