Sole Proprietorship
Price - 2499/
Sole Proprietorship is the most straightforward business form, ideal for individuals seeking to
start a business with minimal complexity and cost. It is an unregistered business entity owned and managed by a
single person
The advantages of a sole proprietorship include:
Owners can establish a sole proprietorship instantly, easily and inexpensively.
Sole proprietorships carry little, if any, ongoing formalities.
Owners may freely mix business or personal assets.
Sole Proprietorship business is the simplest form of business.
Sole Proprietor has sole authority in decision making.
Sole Proprietor receives all the profits and gains.
Common Registrations for Proprietorship
PAN/TAN Registration: TAN registration is required to be taken from Income Tax Department for
deduction of tax at source (TDS) and filing of returns of TDS.
GST Registration: GST registration is based on turnover limit or can be taken on voluntary basis
also.
MSME Registration: MSME or Udyog Aadhaar registration can be obtained in the name of the business
using Aadhar number of Sole Proprietor to establish that the Sole Proprietorship is registered under the Ministry
of Micro, Small and Medium Enterprises.
FSSAI Registration: In case Sole Proprietor is going to operate any business in which FSSAI
registration is required then Sole Proprietor must obtain FSSAI registration from Food Safety and Standard
Authority of India.
Shop and Establishment Registration: Sole Proprietor is compulsorily required to register his
business under Shop and Establishment Act of respective State. The Shops & Establishment registration is a
state based labour license legislation enacted under the respective state in which the shop or establishment has
been set-up.
Import Export Code: In case Sole Proprietor thinking to export / import his product then Sole
Proprietor must obtain Import Export code (IEC) registration from Director General of Foreign Trade (DGFT).
Trademark: For protection of Logo / Brand name / Trademark, Sole Proprietor can register his Logo
/ Brand name / Trademark under Trademarks Act, 1999 by filing Trade Mark application to Trade Mark Authority.
After registration of Logo / Brand name / Trademark, we protect our Intellectual Property Rights so that no other
person can use / copy it.Current Account Opening
After taking necessary registrations by Sole Proprietor, A Current Account should be opened with any Bank for the
payments and receipts of the Sole Proprietorship business. Sole Proprietor need to submit Account Opening Form,
KYC documents, Copy of PAN, Business proof of Address and other documents as required by Bank. We assist in
Opening of Bank Account for Sole Proprietorship business in various Banks of India as per convenience of the Sole
Proprietor.