Proprietorship Firm Registration

Basic Package

3000 + Govt Expenses

  • Name finalization for your proprietorship
  • GST Registration
  • Assistance in bank account opening

APPLY NOW

Gold Package

3800 + Govt Expenses

  • All services of basic package
  • MSME Certificate
  • Inclusive of 10% discount on Services of Basic Package
 

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Platinum Package

9650 + Govt Expenses

  • All services of Gold package
  • Trademark Registration
  • Inclusive of 10% discount on Services of Gold Package
 

APPLY NOW

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What is a Proprietorship Firm

 

You've jumped into the business world for yourself. You don't have excess paperwork to start a sole proprietorship. But there are some important things you need to know before starting your journey in entrepreneur’s world.

Is a sole proprietorship right for you to start?

If you're into business and haven't created a formal business structure, then probably you're already working as a sole proprietor– Next step is to understand various implications.

Steps to Apply for Sole Proprietorship

Create order on our Website

We'll collect all your documents and file them directly with the authority

You'll receive your completed Sole Proprietorship Company package by mail

Documents Required, Benefits & Taxes

Documents Required 

  • Voter's ID/Passport/Driver's License
  • Passport-sized photographs
  • PAN Card
  • Latest Bank Statement/Telephone or Mobile Bill
  • Rental agreement or sale deed (in case of Shops & Establishment Act Registration).

Benefits: 

  • Low tax liabilities
  • Easy to control as managed by single promoter
  • Freedom to choose any business name but not registered by a company
  • Easy to start with the minimal registration process
  • Easy to shut down the company with very less compliances

Taxes

All business profits are personal income for a proprietor and pay self-employment tax on those profits.

Good to know information

If above conditions satisfy your requirement, then Sole proprietorship best suits your business needs. Now in order to run a proprietorship business, a little more preparation will definitely go a long way.     

Business Licenses


There are different registrations, licenses and permits to start your business. For example, to start your food business as a proprietorship, you might need to register with FSSAI or get FSSAI License.

Tax Advice 

To Prepare & file business taxes can be complicated. Our expert CA/CS will help you to prepare and file tax forms correctly with the minimal fee and on time. 

 

Frequently asked questions (FAQs)

  • Proof of business (Shops & Establishments Registration)
  • PAN card
  • Address proof
  • Identity proof

As per industry standards, it’s up to 15 business days but being expert in the industry, we complete the process within 7-10 business days, unless some objection is raised by the authority. 

  • There are multiple scenarios. For example, if you are running a departmental store and your annual turnover is greater than 5 Lakhs, then you need to register for GST.
  • In case of AC restaurant its mandatory to get GST registration
  • Local businesses like Grocery store, fast food, small traders / manufacturers etc.
  • Jewelry shops are not recommended to register under this category.

You can always choose to restructure your business at any point of time. Whenever you decide your business might be outgrowing its status as a sole proprietorship–whether you're looking to take on partners or investors, or you want the benefit of different tax options and liability protection–we have expert resources to help you find the business structure that's right for you.

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