Proprietorship Firm Registration

A sole proprietorship is the most common form of business organization in India. It does not involve many of the complex filing requirements associated with other types of business structures such as corporations. Sole proprietorships allow persons to report business income and expenses on their tax returns.  

A sole proprietorship generally does not have to be incorporated or registered. It is the easiest form of business organization and the ideal option to run a small or medium size of business.

However, the proprietorship(owner) is personally liable for all financial obligations of the business. A sole proprietorship is an unincorporated business owned and run by one individual (no partners are involved), with no distinction between the business and its owner. As a sole proprietor, you are entitled to all profits and are responsible for all your business’s debts, losses, and liabilities.   

Choose proprietorship because 

  • A Sole Proprietorship is cheaper as compared to OPC.
  • No income tax income up to Rs. 5 Lakhs P.A*.
  • Easy to establish with fewer formalities.
  • Easy to Start and Easy to Close.
  • 24 hours your initial registration process will over

Process of Registration

Steps to form a Proprietorship Firm Registration:

Step 1: We will contact you 

Step 2: PAN Application (if PAN not available)

Step 3: Registration of MSME (Udyog Aadhaar)

Step 4:Advisory on other applicable government registrations

Documents Required

Only Scanned Copies are needed,

ID Proof:
Scanned copy of PAN Card of  and Aadhar card (Mandatory)

Bank Proof :
Bank Account # and IFSC code

Photo:
Latest passport size photograph

Registered Office Proof: (In case of GST Registration)
No Objection Certificate (NOC) from the owner, Utility bill (should not be older than two months) and Rental agreement (in case of rented property)/ Registry Proof or House Tax Receipt (in case of owned property)

Our Packages at a Glance

Choose your package

Basic

1200 /-

(* All Inclusive)
  • PAN Card (if not available)
  • Udyog Aadhaar (MSME/SSI)
  • Udyog Aadhaar Memorandum
  • Udyog Aadhaar Registration Certificate

Standard

4000 /-

(* All Inclusive)

Basic Includes

+

GST Registration 3 Months GST Return filings

Advanced

6500 /-

(* All Inclusive)

Standard Includes

+

Import Export CODE (IEC)

Register With Us

CA/CS Assisted Service

What do you get?

MSME Certificate:
Udyog Aadhaar registration

Pan Card:
You will receive the E-Pan card In registered Email ID

GST Certificate: 
GSTIN number and Certificate (If applicable)

FAQs On Private Limited Company

1. What is Sole Proprietorship Firm ?

It’s a pure single-person firm. Please note it’s not a company, it’s the best way to start a business in India with less costing and less compliance. It needs only one person for grant registration. The owner and the business are treated one and same. Proprietor is personally liable for all business debts i.e his personal property may also be used to repay business debts.

2. What are the Advantages in the Sole Proprietorship From Startup Point of View?

Ans- Sole Proprietorship Firm has the following advantages:-

a) Less Costing:-
If we talk about the service-based firm then it’s can be easily start MSME (GST registration if required)
If we talk about the product based firm then it depends on the type of tax registration or license as GST/IEC or Shop Act Licenses.

b) Less Compliance:-
You have to just file the income tax return as an individual at the end of the year. You have to maintain basic invoices for the income and expenses of the firm.

c) Less Income Tax:-
Need to pay income tax to the government when your total real income is more than 5 lac INR per annual year. So it gives you tax advantages on a slab basis.

3. I have to present physically during this process?

No

4. Can I register the firm on my family member's name?

Of course Yes, you can register your firm on your family member name if you have any objection. it’s required the same docs mentioned above.  

7. Can I get a Separate Pan card for this?

Absolutely No, Since it’s a sole Proprietorship, Have to use the PAN of Proprietor only   

8. Am I personally liable for my business under a sole proprietorship?

Yes. Unlike other forms of incorporation, you are personally liable for any of your sole proprietorship’s debts or legal judgments against your business. This means that to satisfy debts owed by your business, debt collectors can come after your assets — homes, cars, etc. For this reason alone, you should be extremely cautious about setting up a sole proprietorship.

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