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Proprietorship Registration

The sole proprietorship formation is straightforward. There is no formal registration required. The sole proprietorship is owned and managed by a single owner; no separate deed or agreement is made. However, individual tax or local registration would be required based on the business activity and the business location. Here is the list of the most common registration for the proprietorship.

Start your business as a proprietorship quickly within one day. All you need is MSME (Udyam Registration) & GST Registration to start the proprietorship business. For a single owner, the proprietorship is the simplest form of business and the easiest to create.

Benefits of Proprietorship Form of Business

The simplest form of Business

Start Business in One Day

Start Business in One Day

Proprietorship formation is the easiest among all other business forms, and that you can start within one working day.

100% Online & Easy Process

100% Online & Easy Process

We help small business to start their business in an entirely online environment and without any hassle.

Ease of Compliance

Ease of Compliance

The compliance requirement is significantly less, and there is no need to get the accounts audited or file any annual return.

Start Business in One Day

Start Business in One Day

Proprietorship formation is the easiest among all other business forms, and that you can start within one working day.

100% Online & Easy Process

100% Online & Easy Process

We help small business to start their business in an entirely online environment and without any hassle.

Ease of Compliance

Ease of Compliance

The compliance requirement is significantly less, and there is no need to get the accounts audited or file any annual return.

Tax Advantage

Tax Advantage

As the taxable income forms part of the Proprietor's ITR, The benefit of slab based income tax is available to proprietorship.

Easy To Control & Manage

Easy To Control & Manage

The compliance requirement is significantly less, and there is no need to get the accounts audited or file any annual return.

Easy To Close

Easy To Close

There is no specific process to close the proprietorship firm. Surrender all registration and licenses and close business.

Minimum Requirements to Start Proprietorship

Start Your Proprietorship Easily

Indian Citizenship

The proprietorship business is available exclusively to the Citizens of India. The FDI is not allowed in it, hence to start a sole proprietorship we need Indian Citizen capable of entering into contracts (Above 18 Years of age)

Business Address

The business can not be run from a residential address as per local municipality laws, hence for GST Registration, the Goods and Services Tax Department insists on the commercial premises of premises where mixed land use is permitted.

Capital Requirement

The sole proprietorship business is not separate from the Individual Proprietor, and There is no separate recognition of the assets of the business or that of the proprietor. Hence you do not have to worry about capital requirements. Invest as per requirement.

New & Unique Name

The name of the proposed new business should be unique and eligible; we advise you to check the proposed name in the database of the trademarks before its adoption

Process to Start Sole Proprietorship Business

Start your business as a proprietorship quickly within one day

GST Registration Certificate

You may not supply goods or services all over India unless the proprietorship firm obtains GST Registration. However, if you are doing business only within the state, GST is not required until the turnover of Rs 40 lakh in case of Goods and Rs 20 Lakh in case of services is reached.

MSME (Udyam) Registration

For opening a bank account, there is a need for two documents in the proprietorship name. One of the registrations could be Udyog Aadhar, enabling an entrepreneur to seek online services offered by Government Departments apart from various other benefits under the MSME Act.

Shop & Establishment Registration

The registration with the labour department under the shops & establishment act is mandatory in all states; the applicability, government fee and registration process differ from one state to another.

Professional Tax

Except in the north Indian states, almost every state imposes a tax on the profession. You should check its applicability and enroll the entity and, when employing staff, also obtain registration as an employer under PT.

Client Testimonials

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What people are saying about our services.

Wonderful experience and a very professional bunch of people. I extremely happy for their support and timely guidance ..keep the good work rolling!

gulshan anand singh

KDS is really a Smart & Highly Professional Organization. The most important thing is that you don't ever have to remind them of what needs to be done!

Upendra Singh

I have done my company Registration and post compliance formalities though this firm and I am very pleased with the services.

Santosh

Really it was good experience, company registration done in 10 days and cost is also efficient less compared to others.

Gaurav Kumar

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Frequently Asked Questions

What is a sole proprietorship?

A sole proprietorship firm is an oldest and simplest form of business owned and controlled by a single individual. The owner of the proprietorship firm is known as the proprietor. The proprietor alone invests the entire capital and is thus entitled to all the sole proprietorship firm’s profits. The liability of the sole proprietor is unlimited to its business, and as such, there is no separation between him and his business.

Who can be a Sole Proprietor?

A sole proprietor is the absolute owner of a Sole Proprietorship Business. Any person who is above 18 years of age and who is otherwise capable of entering into a lawful contract is eligible to start a business as a proprietorship. The option to create a proprietorship is available to Indian Citizens only, and Foreign Citizens are strictly not allowed to set up or operate a proprietorship firm. However, an NRI and OCI are permitted to establish proprietorship firms subject to no repatriation of their profits.

How to Register a Sole Proprietorship Firm?

Ease of formation is the most significant feature of the sole proprietorship form of business. There is no prior registration required to start a proprietorship firm. Similarly, after starting the business, no law makes it mandatory to register the sole proprietorship. No agreement, deed, or documents are to be prepared for creating a proprietorship, and the firm’s registration is also not required.

Can I later convert my Proprietorship into a Company or LLP?

Yes, the proprietorship can be converted to LLP or Private Limited Company. However, the conversion process is complicated, and unless it is not necessary due to existing contracts or IPR, we do not advise going for the conversion.
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