PROPRIETORSHIP FIRM REGISTRATION
Ideal business structure for small and medium Sized Enterprises going for proprietorship!
Starting @ Rs. 1499/-
Get done proprietorship firm registration at Cheapest Cost in 3 Steps
WHAT IS PROPRIETORSHIP FIRM?
Sole Proprietorship Firm Registration is Single Person Firm Registration i.e is the main objective is Open Current Bank Account on the Name of Business so it’s a simply firm which is enable doing business in India with Less Compliance and Less Costing. A Sole Proprietorship Firm require minimum 2 Legal Entity Proof for open a Current Bank Account.
DOCUMENTS REQUIRED FOR PROPRIETORSHIP FIRM REGISTRATION
Passport Size Photo(2)
PAN Card
Residence Proof/Aadhaar Card
PROPRIETORSHIP FIRM RULES
1. Require Aadhaar, PAN ,Residence Proof and photo.
2. Authorized Share Capital: 1 Lakh Rupees ( It’s just a share proposed value, does’t not mean you have to invest 1 lakh rupees)
WHAT ALL YOU GET WITH PROPRIETORSHIP FIRM REGISTRATION
MSME Certificate
Current account
GMB Firm update
PROCESS OF PROPRIETORSHIP FIRM REGISTRATION.
First of all you need to fill our company registration form and submit documents.
After submission of your documents you will get MSME (UDYOG AADHAAR) Registration.
Get MSME Registration Certificate & other license for opening of Current bank account.
We will prepare all the documents and file them with MSME Certificate on behalf of yours.
After your Firm registration done, we will provide you all the Registration Proof and documents related to Proprietorship firm registration.
BENEFITS OF PROPRIETORSHIP FIRM REGISTRATION.
- Easy to set up: The process is straightforward and doesn’t require a lot of paperwork.
- Low cost: Registration fees are usually minimal.
- Full control: The proprietor has complete control over the business’s decisions.
- Tax benefits: Proprietors can report business income and expenses on their personal tax returns.
- Flexibility: The business structure can be easily changed as needed.
- Privacy: The proprietor has total privacy.
- Profit retention: The proprietor can keep all the profits.
- Simple dissolution: The business can be dissolved easily.
- Unlimited liability: The proprietor is personally liable for all the business’s debts and obligations.
Proprietorship Firm Registration – Frequently Asked Questions (FAQs)
A Proprietorship Firm is a business owned and managed by a single individual with no separate legal identity.
There is no formal registration. You can start by obtaining GST registration, Shop & Establishment License, or MSME registration.
No, formal registration is not mandatory, but business registrations like GST or licenses are required based on activities.
Documents include PAN card, Aadhaar card, bank account details, and business address proof.
Only one person is required to start a sole proprietorship.
There is no minimum capital requirement.
It can be started within 1–5 working days depending on registrations required.
Benefits include easy setup, low cost, full control, and minimal compliance.
The cost varies between ₹1,000 to ₹5,000 depending on licenses and registrations.
GST registration is required if turnover exceeds the threshold or for certain businesses.
Yes, a current account can be opened in the business name with proper documents.
MSME (Udyam Registration) provides government benefits and recognition to small businesses.
It is required for businesses operating from a physical location and regulates working conditions.
Yes, it can be converted into a Private Limited Company or LLP.
Proprietorship has no separate legal identity, while a company is a separate legal entity.
Income tax filing, GST returns (if applicable), and maintaining accounts.
The owner’s PAN is used for business transactions and tax filings.
Yes, a sole proprietor can hire employees.
Yes, but it will be in the owner’s name, not a separate legal entity.
The liability is unlimited, meaning personal assets can be used to repay debts.
Funds are raised through personal savings or loans.
Audit is required if turnover exceeds limits under the Income Tax Act.
Yes, you can operate under a different trade name anytime.
Yes, it is best suited for small and local businesses.
Professionals help with documentation, licenses, and compliance to avoid legal issues.