sole proprietorship registration

A sole proprietorship is a type of unregistered business unit that is owned, managed and controlled by one person who retains the full authority & responsibility with respect to the business.

Sole proprietorship is one of the most common forms of business in India as registration is easy and cost effective as well.

The legal responsibility for the obligations of the business lies solely with the proprietor. Thus, proprietorship is not a separate entity since business and its owner are clubbed together. 

characteristics

Cost Effective:As there is no formal registration required, the cost of setting up such a business is low as compared to other companies

Quick and timely finance decisions undertaken by the proprietor in such business helps to grab various opportunities.

It helps to build good relations with the customer and employees as such models are found in lines of work where close personal relations are maintained.

The person operating such a business the whole and sole who controls it thus the decision-making process becomes quick and efficient and the decision was taken be taken within the time frame.

Confidentiality: Only person who looks around the entire business so the business secrets are not leaked to outside another proprietor.

Sole Proprietorship registration is not a time-consuming task. It is very easy to register such business.

list of documents

  • PAN issued by the Income Tax Department is a mandatory requirement for Indian Nationals

  • Passport is a mandatory requirement for identity proof in case of Foreign Nationals

  • Any one additional Identity Proof – Voter ID/ Aadhar Card/ Driving License/ Passport is required.

  • Any one Residential Proof i.e. any of the utility bill – Electricity Bill/Bank Statement/Telephone Bill/Mobile Bill

  • Proof of the Registered Office Address:

    • In case of a rented property, rent Agreement along with the latest rent receipt, the copy of latest utility bill in the name of the landlord and a no objection certificate from the premises’ owner is a compulsory requirement.

    • In case the premises is owned by the Director or the Promoter then any documents that proves the owners’ establishment such as a Sale Deed/House Tax Receipt and a No Objection Certificate.

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YOU WILL GET

Registration Certificate

(if required)

Guidance   on   Business Model

Domain Name for 1 year + Website 

Proprietors' PAN Card

GST Registration of firm

       Online Accounting         for 1 year

Dedicated Service Manager

Income Tax return filing and tax planning

 TAN/TDS Number

Bank Account Opening Document Support

HOW WE HELP YOU

Our experts register your Proprietorship firm and also help you in all matters of registration. Starting from Selecting a Name for your association, designing your logo, providing trademark registration of your brand name and free consultancy on any matter related to your firm registration and business model. Registration is just the first step of your journey with us. We also provide Bookkeeping, Taxation, Annual Filing, GST Compliance services. We are a one stop shop for all your business related needs.

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entrepreneurly

Starting from Selecting a Name of your Company, searching availability of the chosen name, Designing your logo, Providing Trademark Registration of your Brand name to tax registration and free consultancy for any matter related to your business incorporation. Company registration is just the first step in your entrepreneurial journey with us. We also provide other compliance services like bookkeeping, taxation, annual filing, ROC compliance etc. We are a one stop shop for all your business related needs.