Registration of a Sole Proprietorship

Launch your small business quickly and easily, without complications or delays.

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Why Choose Proprietorship?

In a sole proprietorship, there are no specific business taxes; the owner reports business income as part of their personal income tax. Sole proprietors must adhere to state licensing requirements, local regulations, and zoning ordinances. However, the paperwork and formalities are significantly less than those for corporations, making it easier and quicker to start a business. Additionally, starting a business as a sole proprietor is generally less costly, which is appealing to many new entrepreneurs.

Advantages of a Sole Proprietorship
  • The sole proprietor has full control and decision-making authority over the business.
  • Sale or transfer of the business can be done at the sole proprietor's discretion.
  • There are no corporate tax obligations.
  • Formation involves minimal legal costs.
  • The business has few formal requirements.
  • The sole proprietor personally manages the business.
  • No income tax return is required if total income is below ₹2,50,000.
  • No tax is due on income up to ₹5,00,000 after deductions.
Disadvantages of a Sole Proprietorship
  • The sole proprietor is personally responsible for the business's debts and obligations, including any liabilities arising from the actions of the business's employees.
  • All responsibilities and business decisions are the sole responsibility of the proprietor.
  • Investors typically avoid investing in sole proprietorships.

Our Packages

GST Registration

Inclusive Government Fees

Starting at

₹999GST

GST will be charged at 18%

GST Registration

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Import Export Code

Inclusive Government Fees

Starting at

₹2499

GST will be charged at 18%

Import Export Code

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Shop and Establishment

Inclusive Government Fees

Starting at

₹1999

GST will be charged at 18%

Shop and Establishment

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Document Information

Required Documents for Sole Proprietorship Registration

  • PAN card of Applicant
  • Address Proof of the Applicant (such as Voter ID, Passport, Aadhaar Card, or Driving License)
  • Cancelled Cheque of Bank Account
  • Proof of Registered Office Address, including: Electricity Bill , Rent Agreement and NOC (if the property is rented) , Proof of Ownership (if the property is owned)
  • Photograph of Applicant