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Proprietorship Registration

Get an instant start to your small business without any complications or delays

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Is it mandate to get IEC code?

In this type of business, there are no specific business taxes paid by the prorietorship firm. The owner pay taxes on income from the business as part of his or her personal income tax payments.

Sole proprietors need to comply with licensing requirements in the states in which they&asop;re doing business, as well as local regulations and zoning ordinances. The paperwork and formalities, however, are substantially less than those of corporations, allowing sole proprietors to open a business quickly and with relative ease - from a bureaucratic standpoint. It can also be less costly to start a business as a sole proprietor, which is attractive to many new business owners.

Advantages of a Sole Proprietorship

  • A sole proprietor has complete control and decision-making power over the business.
  • Sale or transfer can take place at the discretion of the sole proprietor.
  • No corporate tax payments
  • Minimal legal costs to forming a sole proprietorship
  • Few formal business requirements
  • Sole proprietor manages the business
  • No need to file income tax return if total income is below 2,50,000/-
  • No need to pay tax if income upto 5,00,000/- after deduction

Disadvantages of a Sole Proprietorship

  • The sole proprietor of the business can be held personally liable for the debts and obligations of the business. Additionally, this risk extends to any liabilities incurred as a result of acts committed by employees of the proprietorship firm.
  • All responsibilities and business decisions fall on the shoulders of the sole proprietor.
  • Investors won&asop;t usually invest in sole proprietorships.

Our Packages

GST Registration

Inclusive Government Fees

Starting at

₹ 999

GST will be charged at 18%

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GST Registration

Import Export Code

Inclusive Government Fees

Starting at

₹ 2499

GST will be charged at 18%

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Import Export Code

Shop and Establishment

Inclusive Government Fees

Starting at

₹ 1999

GST will be charged at 18%

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Shop and Establishment

Document Information

Documents Required For Proprietorship Registration

  • PAN card of Applicant
  • Address Proof of Applicant (Voter ID, Passport, Aadhaar Card, Driving License)
  • Cancelled Cheque of Bank Account
  • Registered Office Address Proof Electricity Bill along with • Rent Agreement plus NOC (if Rented) • Ownership proof (if Owned)
  • Photograph of Applicant