Proprietorship Firm Registration2018-12-06T05:42:16+00:00

Sole Proprietorship Registration


Ideal for small traders and merchants

Starting At

Rs. 2,359 (Onwards)

SAVE 40% COST!!!

(Takes 3-6 days)

Sole Proprietorship

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Proprietorship Registration?

A Sole proprietorship is a business which is owned, managed and controlled by a single person. It is one of the most common form of business in India, utilized by small businesses operating in the unorganized sectors.

Proprietorship is recognized by other registrations, such as a service or sales tax registration. It has too many shortcomings, such as unlimited liability of proprietor, and it does not have continuous existence. For these reasons it is considered by small merchants and traders as a business structure. Sole Proprietorship Registration is done through Legalraasta.

Choose proprietorship because

  • A sole Proprietorship is cheaper as compared to OPC.
  • A proprietorship with income of less than Rs. 2 Lakhs per annum is not required to pay income tax.
  • Easy to establish with less formalities.

What Is Included In Our Package?

Procedure for Company Registration

Documents Required for Proprietorship Registration

  • PAN Card copy of proprietor
  • Electricity/ Water bill (Business Place)
  • Copy of Aadhaar Card/Voter identity card

Why Proprietorship Registration?

  • Easy to Start
  • Minimal Compliances
  • Audit not required

Frequently Asked Questions

1. Who can be a Proprietor?
The Proprietor must be an Indian citizen and a Resident of India.
2. Will Proprietorship Firm have Certificate of Incorporation?
Proprietorship firms do not have a Certificate of Incorporation.
3. How much money do I need to invest upfront in starting the business?
There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
4. How to open a Bank account for a Proprietorship firm?
To open a bank account for a Proprietorship, Reserve Bank of India mandates that the proprietor must provide two forms of registration for the Proprietorship firm along with the PAN Card, identity proof and address proof of the Proprietor. The two forms of registration can be any two of the following: service tax registration, MSME registration, VAT/TIN/CST registration, Shop & Establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.

Why Choose Legalraasta

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