PROPRIETORSHIP AT THE BEST PRICE

We have already registered 10K companies in India!

 Free advise on your business needs while you start the business

 Documents help for bank account opening

 GSTIN Number

GET A QUOTE

SOLE PROPRIETORSHIP

Basic Information

In a proprietorship firm structure, there is no difference between owner and the business. Owner controls everything directly in the business and has the unlimited responsibility for all losses and debt.
It is less complicated way to start a business. There is no such registration with Government in proprietorship structure. There is separate PAN card required in the name of business. The income tax return and the payment of taxes is done by proprietor only. A proprietor can have a separate trade name for the business.
PRIVATE LIMITED COMPANY
PUBLIC LIMITED COMPANY
ONE PERSON COMPANY
PARTNERSHIP FIRM
LIMITED LIABILITY PARTNERSHIP
SOLE PROPRIETORSHIP

How it's Done?

  • Duration: The duration for the whole process will be minimum 7 days.
  • Complete our Query
  • Self Attested and Scanned copy of Latest Bank Statement / Telephone or Mobile Bill / Utility Bills (Electricity / Water / Gas)*
  • Application processing
  • Proprietorship proof (GSTIN/MSME number)

What will you get?

  • Free advise on your business needs while you start the business
  • Documents help for bank account opening
  • GSTIN Number
  • MSME Certificate

Documents to be submitted?

  • Aadhaar Card
  • How to set up your Sole proprietorship Firm in India PAN card
  • Procedure to register a sole proprietorship company Address proof- Rent agreement and water or electricity bill
  • Proprietor Company Registration Cost Photograph of proprietor

FREQUENTLY ASKED QUESTION

It’s a simple single person firm. it’s a best way to start a business in India with the less costing and less compliance. one person can go for the legal registration.

a) Costing : As compared to other forms of incorporation it is the most cost effective.

b) Compliance : You have to just file the income tax return as individual at the end of year nearby in July. You have to maintain basic invoices of income and expenses of the firm.

c) Less Income Tax :- Advantage of individual slab available for your business.

a) Unlimited Liability: –In the firm you have unlimited business liability. Example, if you take the loan from bank on firm name or if you liable to pay any liability to creditors then bank or creditor can claim your personal assets also legally to repay the debt.

b) Can’t include the partners:-Sole Proprietorship firm can’t include the partners in future.

c) Issues in raising the funds :-You can’t raise the funds from Angel Investor or VC Firms like selling your equity or share to another person and raise the money from that person.

d) Registered Legal Existence:-There is no proper registration with the government so it may not be recognized unlike a private limited company.

e) FDI is not possible in proprietorship firm, Only an Indian resident can become proprietor.