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Features Sole Proprietor

Registering a Proprietorship

Sole proprietorship is one of the most common forms of the business. A type of unregistered business entity that is owned and managed by a sole owner/ proprietor. A proprietorship is very easy to start, and have least compliance to be followed. There is no requirement to register a sole proprietorship besides tax registrations and other business registrations that a business is required to have.

Proprietor is the sole owner of the business, every registration would be in the name of the proprietor, thus making him the only responsible and accountable person for all the deeds of his business.

Process to Register

As such there is no prescribed procedure to register a proprietorship, but some registrations are required to be done like:

  1. Bank Account to be opened in the name of the Firm.
  2. Tax Registrations like TAN, GST Registration in the name of the proprietor and other relevant registrations based on the type of the business.
  3. Udyog Adhaar registration for all Micro, Small, and Medium enterprises (MSME).

Document Required

  1. Identity Proof of Proprietor/ Owner (PAN card for Indian Nationals, Notarised Passport copy in case of foreign nationals)
  2. Address Proof of Proprietor/ Owner (Passport, Driving License, Adhaar Card, Bank statement)

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Frequently Asked Questions

How many people are required to start a proprietorship?

As the name suggests sole proprietorship firm, it requires only one person to start the business.

Who can be a Proprietor?
What is the capital requirement?
Will Proprietorship firm have a Certificate or Registration?
Can other people invest in a Proprietorship?
What are the annual compliances required to be followed?
Is audit required for proprietorship?
Can a Proprietorship be converted into a Company or LLP?
What all documents are required for Udyog Adhaar Registration?
Does the process of Udyog Adhaar requires submission of documents manually?

Packages on Offering

Bell I
3,899/-
All Inclusive
  • Proprietorship Registration with TAN Registration, MSME under Udyog Aadhaar Inclusive of government fee and GST
Bell II
7,899/-
All Inclusive
  • Proprietorship Registration with TAN Registration, MSME under Udyog Aadhaar & GST Registration Inclusive of government fee and GST
Bell III
12,899/-
All Inclusive
  • Proprietorship Registration with TAN Registration, MSME under Udyog Aadhaar,GST Registration & Trademark Registration Inclusive of government fee and GST