SOLE PROPRIETORSHIP REGISTRATION
Ideal for small traders and Merchants
Get Online Registration starts @ Just Rs.2500/-
Takes 1-2 working days
Sole Proprietorship
Proprietorship Registration
A business owned and operated by a single individual is known as a proprietorship, and the owner is referred to as the proprietor. This is the most prevalent form of business in India, offering minimal regulatory requirements, making it an excellent choice for small businesses and first-time entrepreneurs looking to venture into the world of business.
Proprietorship Firm Registration Quick and Easy
Documents Required for Proprietorship
Pricing
Bronze
TAN
Registration- Udyog
Aadhar Registration
- Shop
Act Registration
- CA
Certificate for Account Opening
Silver
- TAN
Registration
- Udyog
Aadhar Registration
- Shop
Act Registration
- CA
Certificate for account opening
- Professional
Tax Registration
- GST
Registration
Gold
- TAN
Registration
- Udyog
Aadhar Registration finalisation upto Rs. 15Lakh Net Profit
- Shop
Act Registration
- CA
Certificate for account opening
- Professional
Tax Registration
- GST
Registration
- Accounts
finalisation
- ITR
Filing and GST Return filing
* The prices may increase or decrease according to turnover.
Procedure
Fill Simple Online Form
You are required to place the Enquiry and fill your details in our simple questionnaire
Verification of documents
You can submit the documents by email or whatsapp and we will verify the same
Submission of Documents
We will create all the required documents and file them with the appropriate authority
Your Work is now Completed
We will send the important certificates which identify you as a proprietor
FAQ's
1. How many people are required to start a proprietorship?
Only one person is required to start a Proprietorship and a Proprietorship can have only one promoter.
2.What are the requirements to be a proprietor?
The proprietor must be an Indian citizen and resident. Non-resident Indians and persons of Indian origin can only invest in a proprietorship with prior approval from the Government of India.
3. What is the capital required to start a business?
There is no limit on the minimum capital for starting a proprietorship. Therefore, a proprietorship can be started with any amount of minimum capital.
4. What are the annual compliances required by proprietorship firm?
Proprietorship will have to file their annual tax return with the Income Tax Department. Other tax filings like GST filing may be necessary from time to time, based on the business activity performed. However, annual report or accounts need not be filed with the Ministry or Corporate Affairs, which is required for Limited Liability Partnerships and Companies.
5. Is audit required for a proprietorship?
It is not necessary for Proprietorships to prepare audited financial statements each year. However, a tax audit may be necessary based on turnover and other criterion.
6. Can I later convert my proprietorship into a company or LLP?
Yes, there are procedures for converting your proprietorship business into a company or an LLP at a later date. However, the procedures for the same are cumbersome, expensive and time-consuming. Therefore, it is wise for entrepreneurs to consider and start an LLP or a company in case they are expecting it to be operational at a bigger scale or they want to raise investment.
7. How to register the name of proprietorship?
There is no registry or regulation for registering the name of a Proprietorship. Therefore, proprietorship firms can adopt any name that does not infringe on registered trademarks. Since there are no regulations for registering the name of a proprietorship, the only way to ensure exclusive use of the business name is to obtain a trademark registration of the business name.