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Proprietorship
Proprietorship Registration for Business
Why Proprietorship?
1. Small scale business doing individually.
2. Best for Freelancers / Seasonal Business / Occasional Business.
3. Less or No complications over compliances upto Turnover of Rs 2cr.
2. Best for Freelancers / Seasonal Business / Occasional Business.
3. Less or No complications over compliances upto Turnover of Rs 2cr.
Our Package Includes
GST Registration
Udyam Registration
When a business is owned and governed by one person, it is called a s proprietorship company. This type of business can be incorporated in 7 days and hence makes it one of the most popular types of business to begin in the unsystematic sector, specifically among merchants and small traders.
As there are no partners, shareholders, or directors, the proprietor can easily operate this business with minimal documents and consent requirements. Hence, this type of business structure is best suited for very small businesses.
Basic
₹
999/-
-
GST Registration
-
UDYAM Registration
-
GST Filing for 3 months
-
Purchase /Sale Format
Premium
₹
5999/-
-
GST Registration
-
UDYAM Registration
-
GST Filing for 3 months
-
Purchase /Sale Format
-
Gst Filing for 1 year
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ITR filing of Proprietor
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Our Process
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FAQ
Frequently Asked Questions
Any individual looking to run a business on their own can start a Sole Proprietorship. There are typically no specific eligibility criteria, and the individual becomes the sole owner and manager of the business.
Establishing a Sole Proprietorship is relatively quick and straightforward. The time required depends on factors like obtaining necessary licenses and registrations, which can vary based on the type of business and local regulations.
Almost any type of business, whether it’s a small retail store, a consultancy service, or freelance work, can be registered as a Sole Proprietorship. It’s a suitable structure for a wide range of ventures.
Funding options for Sole Proprietorships can be limited. Since the business is tied to the owner’s personal finances, external funding might be challenging to obtain. Most often, proprietorships rely on the owner’s savings or personal loans for funding.
Proprietorships have relatively fewer compliance requirements compared to other business structures. They typically involve filing income tax returns, maintaining financial records, and adhering to any local business regulations applicable to the specific industry.
A proprietorship firm can open a business bank account in its name. However, since a Sole Proprietorship and the owner are considered one entity, the account is linked to the owner’s PAN (Permanent Account Number).
Yes, in a Sole Proprietorship, the owner of the business is also the sole proprietor. There is no legal distinction between the individual and the business entity.
The licenses required for a Sole Proprietorship can vary based on the nature of the business and local regulations. Basic licenses might include a business license, trade license, GST registration (if applicable), and any specific permits related to the industry.
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