Proprietorship Business Registration
Are you looking for Proprietorship Business Registration? We are a team of business registration consultants providing sole proprietorship firm registration services across India. Start your business with the creation of an entity in which you own the entire business. Consult with us for basic guidance on starting a business with sole individual firms, registrations and license requirements, compliance, and documentation.
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Sole Proprietorship Firm
In India, sole proprietorship is a common structure that suits small businesses. As its name suggests, it can be started with individual ownership using the same PAN as the owner. Sole proprietorship is attached to the owner and cannot be considered a separate legal entity. There is no formal process for starting or registering an individual business; however, some registrations can be obtained for proprietorship businesses, including MSME (Udyog Aadhar) Registration, GST Registration, Shop & Establishment, and Professional Tax. Generally, a proprietorship current bank account is required to open, where business transactions can be maintained. Sole firm is suitable for Small to medium scale shop, food stall, professional service, individual service provider etc.
Contact us for proprietorship business registration consultancy.
Individual Proprietorship Business Consultancy
Our Package of Sole Proprietorship Registration of Rs. 4500 Includes following
- MSME Registration
- GST Registration
- CA Certificate of Sole Business Ownership
Depend on requirement we can customize our package for individual ownership business.
Documents Required for Sole Proprietorship Business Registration
Following Documents required for Proprietorship Business Establishment
- PAN Card of Owner
- Aadhar Card
- Photo
- Electricity Bill or Tax Bill of Business Premises
- Rent Agreement (if Rented)
- Mobile Number
- Email Id
What documents are required for opening a Business/Trade Current Account?
Generally, a sole proprietorship firm requires a bank account with the trade name or business name, which can be opened in any private or government bank with the following document submissions:
- Personal KYC of Owner (i.e., photo, PAN, Aadhar, etc.)
- Business Proof (Any One for Sole Proprietary Firm)
- MSME Registration (Some banks do open with MSME)
- Shop & Establishment Certificate
- Professional Tax Registration
- GST Registration
- Import Export Code (Best Recommended Way)
- Trademark Registration
- Any other government proof
Benefits of Individual Proprietary Business
Opening and maintaining a proprietary firm is easy. Let’s explore the benefits of a sole proprietorship:
- Easy Starting – No hectic process
- Simple Bank Account Opening Process
- Straightforward Taxation Rules, the same as an individual owner
- No dissolution required. Only need to surrender the registration obtained for the business.
Process of Proprietorship Business Starting
The owner needs to decide on the name of the business under which the sole proprietorship will run its operations. It is always advisable to choose a unique and distinguishable name for the firm.
Based on the business requirements, we will guide you in obtaining specific registrations and compliance licenses. We will assist you in the procurement of such licenses and registrations.
Afterward, your firm will be prepared to conduct business. A bank account will be opened in the name of the business, which can be utilized for all business transactions.
Compliance & Filing of Individual Business
Only filing Income Tax Return is a mandatory requirement for a sole proprietorship firm. However, if the turnover exceeds the specified limit, additional obligations such as tax audits, GST filing, etc., become necessary.
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FAQ's on Sole Proprietorship Business
Yes, there is no such restriction. One Individual can start as many firm he/she wants.
No, Sole Proprietorship is not separate legal entity.
Yes, we are your dedicated partner for sole proprietorship registration services, reaching every corner of India, from bustling Tier 1 cities to vibrant Tier 2 locations. With our round-the-clock online support, we ensure a seamless experience. Our extensive service network covers key cities such as Ahmedabad, Mumbai, Delhi, Bengaluru (Bangalore), Chennai, Kolkata, Hyderabad, Pune, Surat, Jaipur, Lucknow, Kochi, Indore, Visakhapatnam, and Coimbatore. We proudly extend our services to the diverse states of Jammu and Kashmir, Himachal Pradesh, Punjab, Haryana, Uttarakhand, Rajasthan, Gujarat, Maharashtra, Madhya Pradesh, Chhattisgarh, Uttar Pradesh, Bihar, Jharkhand, West Bengal, Odisha, Sikkim, Assam, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Karnataka, Andhra Pradesh, Telangana, Tamil Nadu, and Kerala.
