Proprietorship

  • Aadhar Card of the proprietor
  • Pan Card of the proprietor
  • Latest Bank Statement of the proprietor
  • Registered Office Proof.
Request a call back
WHAT?

One of the popular form for doing a business in India is Sole Proprietorship. For starting up a proprietorship business no specific registration is required unlike a Private Limited Company. Though in today's economy the existence of the proprietorship is considered through various registration under various laws for the time being in force in India viz. GST Registration, MSME Registration, Issuance of Tax Deduction and Collection Account Number (TAN) in the name of the proprietor of the sole proprietorship to establish the existence of the proprietorship business.

Easethebiz is one-stop solution wherein you can get all your registration done and start your own business within a time span of 7 working days.

WHY?
Easy to start & Close the Business
It needs minimal registration. One of the easiest form to start a business. Likely it can be closed easily.
Sole Owner/Controller
Proprietor is sole owner and the whole business along with its profits are controlled and managed by only one person without any intervention of others.
Less Income tax
The business income is included in the income of the individual having a exemption limit of income upto INR 3 lakhs.
Minimal Compliances
Statutory Compliances are minimal, only compliances under specific registration, if any, are required to be complied with.
Name of Business
Since the business of Sole Proprietorship is not required to be registered with any authority, proprietor can keep any name of the business of its own choice.
WHO?

Any individual entrepreneur willing to start up its own business who has attained the age of 18 years and above having a valid PAN as identity proof can start up its business in sole proprietorship form.

HOW?

A proprietor can get the proprietorship registered by registering into any one or more of the following categories depending upon the type of business the proprietor intends to do:

GST Registration under The Goods and Service Tax Act, 2017

MSME Registration under Micro, Small & Medium Enterprises Development Act, 2006

FSSAI License under The Food Safety and Standards Act, 2006

Import Export Code (IEC) for Import or export of the goods or services by the proprietor

And some others like, Shops and Establishment License, Trade License, Drug License, Trademark Registration, PF/ESI, etc.