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Package Inclusions:

  1.  Business Activity discussion

  2.  Proprietorship name finalization

  3. GST & MSME Registration Certificate

  4.  Annual Tax Returns

₹ Best Business structure for One Person with easy Investment and expenses on compliances. Suitable for small traders and manufacturers

  • Complete solution for starting a Nidhi Company, including incorporation of limited company, issue of shares and obtaining Nidhi status.

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Overview

Sole Proprietorship is the simplest form of business entity where one can have their business up and running within just 5 days with minimum compliances. A sole proprietorship, also known as the sole trader, individual entrepreneurship is a type of enterprise that is owned and run by one person and in which there is no distinction between the proprietor and the business entity legally. Proprietor is in direct control of all elements of business and is accountable for the profits or losses of business and which may include debts, loans, loss, etc.

It is a type of unregistered business entity that is owned, managed and controlled by one person. Sole proprietorship's are one of the most common forms of business in India, used by most micro and small businesses operating in the unorganized sectors. This type of entity is easy to start and carry minimal regulatory compliance requirement operating. However, after the startup phase, proprietorship's do not offer the promoter a host of benefits such as limited liability proprietorship, corporate status, separate legal entity, independent existence, transferability, perpetual existence - which are desirable features for any business. Thus, proprietorship Business is suited for unorganized, small businesses owners looking limited period of existence or less compliances.

Technically, it does not even need a registration but is recognized by other registrations such as GST, VAT etc. This is the most popular form of business in the unorganized sector, especially for micro and small businesses, but it is not devoid of certain demerits. Since its existence is validated by its proprietor or owner, it is also implied that it also does not enjoy the benefit of perpetual existence in the event of death or incapacity of the owner.

Complykart is the Industry leader and trusted Company in Registration and managing hundreds of Companies across India. With a team of expert professionals, we offer exceptional services in minimum time. Get a free consultation for Proprietorship Registration and business setup in India by scheduling an appointment with our expert professionals.

Advantages

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Minimum Compliances

As a Proprietorship firm is an unregistered non-legal entity, it has to maintain very few compliances to be followed.

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Ease of Establishment

It takes only as less as 5 days to commence a business as a Sole Proprietorship, with minimum documents like identity and address proofs and only a couple of registrations.

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Control over Business

Since the proprietorship is registered in the name of one person, all the decisions are taken by proprietor and proprietor enjoys the control over business.

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Inexpensive

The simple procedure of commencement makes it inexpensive in the short term and minimal compliances lower the expenses in the long-term.

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No Audit Required

A Proprietorship Firm does not attract Audit provisions unless the sales turnover exceeds 1 Cr and if the proprietor is a professional then turnover exceeds 40 Lakhs.

Procedure

  • 1

    With the business information you provide us, we will guide you on the registration requirements regarding Taxes, Shop and Establishment etc. and the specific documents required for the same.

  • 2

    All the required applications for registrations such as Shop and Establishment, GST, IEC, FSSAI etc. will be filed as applicable and we will fully take care of their individual procedures.

  • 3

    You will have the business up and running within 5-10 days, depending on the time taken in processing by the various registration authorities.

Documents Required

Self-Attested PAN Card of Proprietor

  • Self-Attested PAN Card of Proprietor
  • Identity Proof of the Proprietor
  • Address Proof of Proprietor
  • Address Proof of Business
  • Sales Deed/ Rental Agreement copy in case of commercial Shop/Establishment.
  • Passport-sized photographs
  • Detail of Bank Statement
  • Copy of Aadhar of Proprietor

Compare your Options

Comparison of Popular Company Registration Options

All Features

Price

  • Recommended for
  • Venture Capital Funding
  • Limited Liability Protection
  • Dividend Tax
  • Deposits from public
  • Share Listing in Stock Exchange
  • Credibility

Public Limited

₹37899

  • Growth Stage and also for early stage with broad business vision
  • 10/10

Private Limited

₹12999

  • Early-stage entrepreneurs with broad business vision
  • 7/10

Limited Liability Partnership

₹7999

  • Professional service firms
  • 5/10

Why ComplyKart

Protect A Brand

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File Tax Returns

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GST Services

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Team Strength

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GST Consultation

Get free consultation on GST Registration and Returns from a ComplyKart Professional.

Let's talk!

Learning Center

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Most important clauses of a Shareholders Agreement
11-09-2020 03:44

A Shareholders Agreement (SHA) is vital for the long-term growth of company because it not only contains the relation between shareholders but also the necessary obligations. In general, having a Shareholders Agreement seem not necessary but once difference of

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Everything about Employee Stock Option (ESOP)
11-17-2020 12:35

Employees are the most essential factor who are responsible for success of a business. To retain the best professionals has become cumbersome for companies & specially startups due to many reasons including cash crunch. One of the best ways to

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Dematerialisation
11-17-2020 12:28

In a major step to keep track of transactions of Corporates and making the things easier and transparent for the Shareholders, the Ministry of Corporate Affairs (MCA) has notified

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Service with Smile

Our priority is to offer services at the best possible price and built a strong relationship. We surely bring a smile on your face by giving something extra.p>

We are there at every step to make sure that you have the resources at hand to service your companies ongoing needs.

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