Sole Proprietorship Registration

Pricing

A proprietorship business is one of the most straightforward kinds of business available in India that do not require registering as a proprietor and a small amount of legal and tax obligations. Suppose you want to establish a proprietorship-based business in India. In that case, it is possible to take advantage of our premium services offered by our highly skilled, knowledgeable and experienced team of experts. To help you with this, we've created an efficient package of proprietorship registrations at the most affordable prices in India.

(Simple & Clear Pricing. No Hidden Charges) Start Proprietorship Firm Proprietorship is a simple kind of business that does not require registration. However, two registrations are required to open a bank account and conduct business as a proprietorship.

Inclusions

GST Registration
MSME Register
Free Consultation
Opening Support for Banks
Important Points
Ideal for Small Business
NRI/PIO can start a Proprietorship Business on Non-Repatriation Basis.
Foreigners & Non-Citizens Are Not Allowed To Form A Proprietorship.

What is the meaning of a Proprietorship Business?

A proprietorship company is a business with a single owner owned by the proprietor, who cannot just be the owner; however, he is also accountable for all administration and management of the company. Furthermore, a proprietorship does not have a separate financial or legal identity distinct from the owner. This means there is no requirement for official registration for a proprietorship and that the personal account must make all transactions about the business of the proprietor's bank. The proprietor is, therefore, 100% responsible for the business and will be required to settle the debt out of his pocket. The ownership of a business cannot last beyond the time of its owner.

The most important decisions to make when setting up the Proprietorship
What is the name given to the owner?
The amount of capital that should be put into the investment?
Does the owner authorize the capital?
The proposed business activities of the owner?
The registered address for a business of the owner?
Is the ownership required to undertake MSME registration?

Step-Wise Sole Proprietorship registration

You can complete your proprietorship registration in just a day. All you have to do is make an order online with us, and we will help you establish your proprietorship business within a matter of hours. The order you place for proprietorship firm registration will be handled by our team of highly educated, knowledgeable, experienced, and skilled experts who will make sure you receive the finest quality services offered to you. As we mentioned previously, the process for proprietorship registration is entirely online, and there's no requirement to visit our offices. We are happy to assist you with any clarifications you require.

STEP 1 Documentation

Registering a proprietorship begins with the owner's documentation and the central location where the proprietorship is expected to conduct its business operations. A complete list of required documents is provided below. It is your responsibility to verify that the documents you request are authentic and up-to-date.

STEP 2 - Select a Unique Name

The first step to proprietorship registration is choosing the name that is unique for the registration. The name must be legal and not infringe on trademark rights—IP rights associated with any trademark that is registered. The process can be started by searching for the names that are proposed in the database of public trademarks available in the IP India portal. Make sure that when you have chosen, the name of your sole proprietorship company is registered as a trademark to protect the name from being taken over or copied in the future.

STEP 3 - MSME / Udyam Registration / Udyog Aadhar

To open a business bank account, you will require two documents under the names of your business's proprietorship. The first refers to the Udyog Aadhar card, while the other is the MSME (or Udyam Registration Certificate. These documents permit entrepreneurs to apply online for MSME benefits and services provided by various government departments and in addition to the benefits provided under the MSME Act.

Step 4: GST Registration

You cannot supply products or services to all of India without a sole proprietorship company having GST Registration. Suppose your business is restricted to the state of origin. In that case, registration for GST will need to be obtained before your turnover exceeds $40 lakh for providing products and 20 Lakh for service delivery.

Step 5: Other tax registrations

Based upon the kind of business activities and the primary place of business, the proprietorship company might require TAN, IEC and PT Registrations. TAN will comply with TDS laws, while IEC Code is required for businesses involved in importing and exporting goods or services. IEC Code is required for companies involved in importing and exporting products or services. Proprietorships must get PT registrations in some states where Professional Tax is mandatorily applied to professionals.

Documents required for sole proprietorship registration

Although ownership registration within India doesn't require by any law, it requires various other legal and tax registrations, just as any other type of business. This includes opening the bank account, closing an address for a registered office, GST registration, professional tax registration (if appropriate), shops and Establishment Registration, and MSME registration. The necessary documents to complete the above registrations, including the proprietorship registration in India, are listed in the table below.

A. Documents of the Proprietor

Two Colored Photographs

Aadhar Card

PAN card

Cancelled Cheque

Address Evidence (Voter ID/Driver License/Passport / Bank Statement that is not longer than 2 months or Electricity Bills not more than 2 months old).

B. Documents of the registered address of proprietorship registration

Address proof (Electricity Bill / Property tax receipt, Sale Deed or Notarized and stamped Rent Agreement. The receipts and bills must not be more than 2 months.)

NoC from the owner of the Premises in the required format.

Are you unsure of how to start a company?

Our startup consultants are there to answer your questions about the required requirements, the step-wise procedure, costs and documents needed to start the business.

Sole Proprietorship

Market Price : Rs. None

DOBIZ Price : Rs. 28000

Establishing a Proprietorship business in India is very easy and cost-effective with our complete package of Proprietorship Registration. Our services are offered all over India as well as abroad. Our mission is to help small-sized businesses quickly establish themselves in India without any hurdles or difficulties.

DobizIndiaFilings	: ₹8389 excl. GST
Quantity	: 1 Year
Market Price	: ₹11899
	₹9899 incl. GST
GST Credit	: ₹1510
You Save	: ₹3510 (29%)