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SOLE Proprietorship Registration.

Online Process|Avail Free Consultation


1. Micro, Small & Medium Enterprises (MSME)

2.Goods And Services Tax (GST)

3.Tax Deduction and Collection Account (TAN)

4.Bank A/c Opening Support.

Register your Sole Proprietorship easily in 5-7 working days anywhere in India.

Fill Form To Get Started

Sole Proprietorship

Sole Proprietorship means one man ownership in which single person get all profits and make decisions on his /her own different to One person company ,limited liability partnership and private limited company where you need to take other partner or shareholder consent In major situations

Sole proprietor examples are small businesses, such as a, a local kirana store Contractor,Freelancer,Home based Business,Computer Service Provider, or an IT consultation service. When you start offering goods and services to others, you form a Sole Proprietorship.

To start a sole proprietorship in India

You need to Register a sole Proprietorship,firm in case of opening a bank account in Name of business made mandatory by reserve bank of india by providing two forms of registration along with theProprietor PAN Card, identity proof and address proof of the Proprietor.

Two forms of registration can be-: service tax registration, MSME registration, VAT/TIN/CST registration, shop & establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.

# Business Type Service Required
1 Manufacturing or Trading Goods and products Tan using pan card
2 Store or factory Selling day to day life products SME
3 Micro , small and medium Business services Msme registration
2 Professionalservices Consultancy Professional license

Basic Requirement To Register Sole Proprietorship

Individual

A Sole Proprietorship can be registered in India by just one person.

Minimum Compliance

Minimum compliance is required to get it up and running.

Less Expensive

It is relatively lesser expensive to start this type of business

Business name

A person name can be used for business, in case Proper name since the name is not registered

Sole Proprietorship Registration Process

APPLYING FOR PAN

If you already have one this step is not required.

PROPRIETORSHIP NAME APPROVAL

The next step is to name the business.

NEW BANK ACC. IN NAME OF BUSINESS

There is no formal registration required, but the next step is to open a bank account in the name of the business.

REGISTER SME UNDER MSME ACT.

You can also register as a Small and Medium Enterprise (SME) under MSME Act, though not mandatory, it is beneficial to be registered under the same.

REGISTER FOR GST.

If ANNUAL TURNOVER EXCEEDS 20 LAKH (10 lakh -North -Eastern States)
Doing Inter-state Selling (ex:-From delhi to Up)
Selling Online
Using own website or amazon or flipkart

Pricing Table

Basic
1,499/-
  • MSME
  • TAN
  • Govt. Fees Included
  • GST Registration
  • Trademark Filing
  • 3-Months Return
Basic Plus
2,999/-
  • MSME
  • TAN
  • GST Registration
  • Govt. Fees Included
  • Trademark Filing
  • 3-Months Return
Premium
4,499/-
  • MSME
  • TAN
  • GST Registration
  • Trademark Filing
  • 3-Months Return

Documents Required to register Sole Proprietorship

  • Self attested copy of Pan card
  • Self attested copy of Aadhaar
  • Self attested copy of Address Proof
  • Address Of Office.
    • If Parental property:-No objection certificate(NOC) signed by owner.
    • If Parental property:Electricity bill or any other address proof.
    • Rented Property:Rent agreement and NOC from a landlord.
  • As a sole proprietor, you must file Income Tax Return annually.
  • Also, you need to file your GST Return if you are registered under GST.
  • A sole proprietor should also deduct TDS and file TDS return if liable for Tax Audit
  • Easy to form:-

    For Registering sole proprietorship there is no complex requirement to fulfil , only need business name , Proprietor pan card , aadhar card to register while additional services trademark can take time

  • Easier to Operate:-

    Sole Proprietorship can be operated by a single person without building complex structure for functioning .

  • Ease in Tax Compliance:-

    Proprietor would only have to file income tax returns if the firm has taxable income of more than Rs 2.5 lakhs per annum.

  • Lower cost to manage:-

    Sole Proprietorship is low on cost for managing and operating over short as well long term compared to a One Person Company (OPC)

    Sole proprietorship businesses typically require less paperwork and are easier to maintain than partnerships or corporations. The business owner is responsible for the debts and liabilities, and the accounting and record keeping methods are usually simple and straightforward.

  • Sole Beneficiary of Profits

    In sole proprietorship proprietor gets all profit made from business

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Frequently Asked Questions

.Yes , it possible to convert into llp or Private limited company type ,There is standard procedure

No, you can register on your residential property also, whether its a rented or own property. you need just utility bills copy with permission from your landlord or owner of the premise

Yes, it is possible to register a Proprietorship Company at a commercial or residential place by providing the sufficient proof.

No, the Proprietorship firm and the Proprietor are one and the same. The PAN Card of the Proprietor will be the PAN Card of the Proprietorship business.Therefore, there will be no separate legal identity for the business. The assets and liabilities of the Proprietorship business and the Proprietor will also be one and the same.

Proprietorship firms do not have a Certificate of Incorporation or Certificate of Registration. The identity and legitimacy of a Proprietorship firm is established by registering with the relevant or applicable Government authorities.

No, none of the promoters are required to be present when opted to register a company online.

This is not true, a One Person company is one of the mode of doing business, which means it can be started from scratch..

No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of the Company.