A Sole proprietorship is a business which is owned, managed and controlled by a single person. It is one of the most common form of business in India, utilized by small businesses operating in the unorganized sectors.
Proprietorship is recognized by other registrations, such as a service or sales tax registration. It has too many shortcomings, such as unlimited liability of proprietor, and it does not have continuous existence. For these reasons it is considered by small merchants and traders as a business structure. Sole Proprietorship Registration is done through us.
Choose proprietorship because
- A sole Proprietorship is cheaper as compared to OPC.
- A proprietorship with income of less than Rs. 2 Lakhs per annum is not required to pay income tax.
- Easy to establish with less formalities.
What Is Included In Our Package?
Procedure for Company Registration
Complete our Simple Form
You need to fill our simple company registration form and submit documents for formation of a company.
Verfication of Documents
For further procedures, details provided by you will be verified by our experts.
Submission of Document
We will create all the required documents and file them with appropriate authority.
Your work is completed
Once your proprietorship is incorporated, we will intimate you about the same.
Documents Required for Proprietorship Registration
- PAN Card copy of proprietor
- Electricity/ Water bill (Business Place)
- Copy of Aadhaar Card/Voter identity card
Why Proprietorship Registration?
- Easy to Start
- Minimal Compliances
- Audit not required
Frequently Asked Questions
The Proprietor must be an Indian citizen and a Resident of India.
Proprietorship firms do not have a Certificate of Incorporation.
There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
To open a bank account for a Proprietorship, Reserve Bank of India mandates that the proprietor must provide two forms of registration for the Proprietorship firm along with the PAN Card, identity proof and address proof of the Proprietor. The two forms of registration can be any two of the following: 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.