A Sole Proprietorship is the simplest and most popular form of business in India, run and owned entirely by one individual. It is ideal for small traders, freelancers, shop owners, consultants, and first-time entrepreneurs who want to start their business quickly with minimum cost, paperwork, and compliance.
Unlike a company or LLP, a proprietorship is not a separate legal entity. The proprietor and the business are the same person — enjoying full control over operations, profits, and decision-making. There is no formal registration under a single act; instead, the business is recognized through a combination of registrations like GST, MSME (Udyam), Shop Act, and a current bank account.
We help you set up your sole proprietorship the right way — from selecting the right registrations to getting your GST, Udyam, Shop License, PAN, and current account in place, so you can start transacting, invoicing, and growing your business from day one.
Advisory on whether proprietorship, partnership, LLP, or Pvt Ltd suits your business goals.
Free MSME registration giving you priority loans, tender benefits, and official recognition.
GST registration where turnover limits apply or voluntary registration for inter-state sales.
State-wise Shop Act license for running a shop, office, or commercial establishment.
Assistance in opening a current bank account in the business/trade name of the proprietor.
Support in obtaining municipal trade license where required by local regulations.
Registration under state Professional Tax laws for the proprietor and employees.
Advisory on invoicing, accounting, GST returns, and income tax for smooth operations.
Free online registration giving official government recognition, priority credit, and subsidy access.
Compulsory if turnover exceeds threshold, for inter-state trade, or for selling on e-commerce platforms.
Required in most states for any shop, office, or commercial establishment employing workers.
Issued by the municipal corporation for certain trades, restaurants, and local businesses.
Bank account in the trade name based on any 2 of the above registrations as business proof.
Required in states like Maharashtra, Karnataka, West Bengal, and a few others.
Designers, developers, writers, coaches, and independent professionals.
Retailers, wholesalers, and local distributors with limited scale.
Salons, tuitions, cafes, repair services, and neighborhood shops.
Individuals selling on Amazon, Flipkart, Meesho, or their own website.
Home bakers, tailors, home-preneurs, and kitchen-to-market brands.
Individuals testing a business idea before moving to LLP or Pvt Ltd.
Choose your trade name and decide which registrations are most relevant for you.
Compile KYC, address proof, and photographs for all required applications.
Apply for Udyam, GST, Shop Act, and other applicable licenses.
Open a current bank account in your trade name using the registrations as proof.
Issue invoices, accept payments, and run your business legally and confidently.
Monthly or quarterly GST returns (GSTR-1 & GSTR-3B) along with annual return.
File ITR annually in the proprietor’s name as per applicable individual slab rates.
Deduction and payment of TDS where applicable, with quarterly TDS returns.
Required under Section 44AB if turnover or receipts cross prescribed thresholds.
Monthly or annual filings where applicable as per the respective state law.
Periodic renewal of Shop & Establishment license as per state rules.
Applicable if you employ workers above the prescribed statutory threshold.
Maintain books of accounts, sales, purchase, and expense records for tax purposes.
Partner with our experts to set up your sole proprietorship — with the right registrations, current account, and compliance foundation.
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