Sole Proprietorship Registration
Don’t worry about messy paper work and running to various government departments to register your Sole Proprietorship.
Just onboard with us and relax. Our experts will handle end to end process and provide you with timely updates.
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Easy And Simple Process
1. Fill Form
Simply fill the form to get started
2. Talk To Our Expert
Our expert will connect with you to collect information and complete all government formalities.
3. Process completed
Sit Back and relax. We’ll complete and deliver.
Start Doing Business With A Single Click
Don’t waste time searching and coordinating with multiple vendors to set up or grow your business. Just subscribe to our “All in one” Business package and focus on your dream and big idea.
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Registrations
Accounts
Taxation
HR/Payroll
Legal
Marketing
IT and Infosec
Mobile Apps
Investments
Packages
- Starter Registration
- Udyam (MSME) Registration
- GST Registration
- Udyam (MSME) Registration
- GST Registration
- Income tax return preparation and filing
All the items included in Growth Package
- Logo Design
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- Website design
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- Domain Name
- Web Hosting
- Enquiry form
- 2 official mail IDs
- Business Essentials
- Physical Visiting Card Design
- E-Visiting Card (PDF, JPG)
- Letter Pad design
Learn more about Proprietorship Registration
What is a Sole Proprietorship?
- A sole proprietorship is a type of unregistered business entity that is owned, managed, and controlled by a single person.
- This is the most common type of business in India especially for small businesses operating in un-organised sectors.
- Sole proprietorship is suitable for small business owners and first-time entrepreneurs as they are very easy to start and have minimum regulatory compliance for starting and operating.
Registrations for Proprietorship business
The following are some of the common registration that can be obtained in order to establish a sole proprietorship business.
MSME Registration: MSME or Udyam registration can be obtained in the business’ name to denote that the sole proprietorship is registered under the Ministry of Micro, Small and Medium Enterprises.
GST Registration: GST registration is required if the Proprietor is selling goods or services that cross the GST turnover threshold limit for registration. GST is required for businesses having annual turnover of more than Rs.20 lakhs for service providers and more than Rs.40 lakhs for traders.
Certificate issued under Shop & Establishment Act: A certificate/license issued by Municipal authorities under the Shop & Establishment Act
Profession Tax: Every Company transacting business and every person who is engaged actively or otherwise in any Profession, Trade, Calling and Employment has to register and pay Profession Tax. It is levied by State Governments under Municipal Laws and respective state laws.
Ease of setup
The biggest advantage of starting a sole proprietorship business is just how easy it is to set up.
There are no registrations required for sole proprietorship and the proprietor is free to conduct business without worrying about any registrations.
No Additional Compliance
The PAN of the proprietor and sole proprietorship are one and the same. Therefore, a sole proprietorship with business revenue must only file income tax return in Form ITR-3 or ITR-4 every year.
Timelines and next steps
- The Engagement Manager will advise you on the types of registrations required to run your sole proprietorship business
- ExpertPoint Engagement Manager will start the registration process by collecting the required information and documents.
- It usually takes around 1-5 working days to complete a sole proprietorship registration subject to government processing time and client document submission
- Once all the necessary registrations are obtained, an application must be submitted to the banks to open a current account
What you need to know?
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