WHAT IS A SOLE PROPRIETORSHIP?

It is one of your options for issuing a tax certificate. Sole proprietorship is easy to set up and easy to close. So, when you decide to establish a sole proprietorship, can I use a virtual office? Yes, you rent a virtual office to establish a sole proprietorship. In this way, you rent a workplace and start your business without undertaking office costs. Now you may want to learn a little bit about this type of business. 

WHAT IS A SOLE PROPRIETORSHIP?

People who want to carry out commercial activities must first establish a company. Because individuals and businesses are obliged to pay taxes to the state on their monthly and annual earnings. Generally, people who want to establish a company turn to company types such as sole proprietorship, limited liability company and joint stock company, but it is known that people who want to start a new business are mostly looking for answers to the question of how to establish a sole proprietorship.

People who want to establish a sole proprietorship generally prefer this type of company due to the advantages of establishing a sole proprietorship. 

Sole proprietorships are a type of company preferred by people who want to start a new business because they are both fast and cost-effective. In addition, people who establish a sole proprietorship continue their commercial activities by taking advantage of many advantages.

 ESTABLISHING A SOLE PROPRIETORSHIP

The documents required to establish a sole proprietorship and the cost of a sole proprietorship are among the most frequently asked questions. Opening an individual company is faster and more profitable than capital companies such as limited liability or joint stock companies. Establishing a sole proprietorship is completed within a maximum of 2 days. We have prepared the documents required to establish a sole proprietorship for you below;

Photocopy of identity card,

Residence certificate

Signature circular from a notary public,

Passport size photograph

Accountant or financial advisor

The lease agreement of your workplace to be opened, you can rent it as a DIRECT VIRTUAL OFFICE OR READY MADE OFFICE without any cost.

In order to open a sole proprietorship, your workplace address must be determined. Your workplace address can be a store, shop, office, VIRTUAL OFFICE or READY-MADE OFFICE. You must provide a lease agreement for your workplace address or your accountant for opening.  

The advantages of establishing a sole proprietorship are as follows; 

 The establishment period of sole proprietorships is very short. Generally, company establishment procedures are completed within 1-2 days.

The cost of a sole proprietorship is quite low compared to other companies.

Sole proprietorships have a progressive tax system based on income.

Book certification fees of sole proprietorships are low.

Since the transaction volume is low in sole proprietorships, it is known that financial advisor or accountant fees are low.

Closing transactions in sole proprietorships can be done within 1 day.

Company responsibility and authorizations belong only to the company owner.

 Due to such advantages, people who want to establish a company generally prefer to establish a sole proprietorship.