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Proprietorship Registration

Single Owner Business

sole proprietorship

A single owner sole proprietor business is simplest form of business in India. The law treats single owner and his Business as same and he is held personally liable for all business risks.

Trade Name

If you wish to register a sole proprietorship, all you need to do is register your Trade name and get a license that allows you to do business in your Trade name.

Complete your proprietorship registration in Bangalore in less than One Day. Proprietorship startup in Bangalore with GST registration and ITR filing.

A sole proprietorship also referred to as a sole trader or a proprietorship, is an unincorporated business with just one owner. The simplicity of a sole proprietorship makes this form of business structure extremely popular among small businesses, freelancers, and other self-employed individuals.

Proprietorship Features

Process of Proprietorship Registration

1. MSME registration – MSME registration or Udyog Aadhar is provided to the micro, small, and medium-sized businesses in India that comes under the Micro, Small, and Medium Enterprise Development Act, 2006 (MSMED).
2. TAN registration – TAN or the Tax Deduction Collection Number is a mandatory ten-digit number required for all persons who are supposed to pay the Tax deduction at source or TDS on behalf of the Government. The person deducting the tax at the source must deposit the deducted tax to the central Government to quote the TAN number.
3. GST registration – Depending on your nature of business and requirement, Our team will process for GST registration in the name of your sole proprietorship firm. for this you will need to provide some documents like aadhaar card, PAN card etc. This certificate will help you open a current bank account easily.

Document Required for Proprietorship

1. Photograph

2. PAN Card

3. Aadhar Card

4. Electricity Bill or any other utility bill for the address proof

Frequently Asked Questions

Who can start a Sole Proprietorship?

Any Indian citizen can start a sole proprietorship firm.

What are businesses commonly run as Sole Proprietorship?

Most local businesses are run as a Sole Proprietorship, from your grocery store to a fast food vendor, and even small traders and manufacturers. This is not to say that larger businesses do not operate as sole proprietors.

Is registration online or I have to submit any documents to the government office?

Thanks to Government of India’s digital initiatives, all registrations are completely paperless and online. We provide all services online so that you don’t need to move an inch from your office or home.

What documents are needed for opening a current account in the name of my Sole Proprietorship?

Team India will complete the process and share confirmation / certificate with you..

What if I wish to convert from Sole Proprietorship to a Private Limited Company or Limited Liability Partnership?

You can always choose to do so. The procedure is very simple. It is very common for sole proprietors to convert into partnerships and private limited companies at a later stage.

What compliance do I need to do once I register my firm as Sole Proprietorship?

1. As a sole proprietor, you must file Income Tax Return annually.
2. Also, you need to file your GST Return if you are registered under GST.
3. A sole proprietor should also deduct TDS and file TDS return if liable for Tax Audit.

Which Cities do you provide your services?

TeamIndia.co.in provides Proprietorship Registration all across India.

Still Confused?

Don’t worry!! Our expert will help you to choose a best suitable plan for you. Get in touch with our team to get all your queries resolved. Write to us at [email protected] or call us