Online Proprietorship Registration
The simplest and fastest way to start your own business. Ideal for individual entrepreneurs and small businesses.
₹2,999
Starting Price
3-5 Days
Completion Time
Minimal
Documentation
1 Person
Required
What is a Sole Proprietorship?
A Sole Proprietorship is the simplest business form under which one can operate a business. It is not a separate legal entity from its owner. The owner is personally responsible for all business debts and liabilities. It's the easiest to set up and requires minimal compliance, making it perfect for freelancers, consultants, and small retail shop owners.
Advantages of a Proprietorship
Easy to Start
Quick setup with just identity, address, and bank proofs.
Full Control
The owner has complete control over all business decisions.
Lower Taxes
No separate business tax; income is taxed at individual slab rates.
Minimal Compliance
Fewer regulations and compliance requirements compared to companies.
How to Register a Proprietorship
- 1
Choose a Business Name
Select a unique name for your business that is not already trademarked.
- 2
Open a Bank Account
Open a current bank account in the name of your business.
- 3
Register for GST (if applicable)
Mandatory if your turnover exceeds ₹40 lakhs. It also serves as proof of business existence.
- 4
Get Local Registrations
Obtain a Shop and Establishment Act license or other local municipal registrations.
Simple Documentation
All you need are these basic documents to get started. We handle the rest.
PAN Card of the Proprietor
Aadhaar Card of the Proprietor
Photograph of the Proprietor
Proof of Business Address (e.g., Rent Agreement or Utility Bill)
Frequently Asked Questions
Is proprietorship a separate legal entity?
No, a proprietorship is not a separate legal entity from its owner. The owner is personally liable for all business debts. This is the main difference from a Private Limited Company or LLP.
Do I need a separate bank account for my proprietorship?
Yes, it is highly recommended to open a separate current bank account in the name of the business. This helps in keeping business and personal finances separate and is often required for GST registration.
Can I convert my proprietorship to a private limited company later?
Yes, you can convert your proprietorship into a Private Limited Company or an LLP at any stage of your business growth. We can assist you with the entire conversion process.
What are the annual compliance requirements for a proprietorship?
The primary compliance is filing your annual Income Tax Return (ITR-3 or ITR-4). If you are registered under GST, you must also file monthly, quarterly, and annual GST returns.