A sole proprietorship is a type of unregistered business entity that is owned, managed and controlled by one person. Sole proprietorships are one of the most common forms of business in India, used by most micro and small businesses operating in the unorganized sectors. Proprietorships are very easy to start and have very minimal regulatory compliance requirement for started and operating. However, after the startup phase, proprietorships do not offer the promoter a host of benefits such as limited liability partnership, corporate status, separate legal entity, independent existence, transferability, perpetual existence – which are desirable features for any business. Therefore, proprietorship registration is suited only for u small businesses that will remain small and/or have a limited period of existence.

There is no mechanism provided by the Government of India for the registration of a Proprietorship. Therefore, the existence of a proprietorship must be established through tax registrations and other business registrations that a business is required to have as per the rules and regulations. For instance, VAT or Service Tax or GST Registration can be obtained in the name of the Proprietor to establish that the Proprietor is operating a business as a sole proprietorship. Thus, all the registrations for a proprietorship would be in the name of the Proprietor, making the Proprietor personally liable for all the liabilities of the Proprietorship.

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3 Step Registration

1.Arrange the Documents Required ( Mentioned Below )
2.StartedIndia will apply for the Registration
3.Get your Proprietorship registration Certificate

Documents Required for Proprietorship Registration

1. Self-Attested PAN card copy of the Proprietor (Owner)

2. Self- Attested Proof of Identity (Voter ID/ Passport/ Driving License/ AADHAR Card)of the proprietor.

3. Business address proof (Electricity Bill/ Telephone Bill/ Property/ Gas Bill/ Tax Bill)

4. Firm Name

5. Firm Service or object or Product Name


Advantages & Benefits of a Proprietorship Firm

Easy to start
Proprietorship needs minimal registration.

Therefore, it is one of the easiest forms of business entity to start with minimal formalities. H...

Business Name
You can choose any name for your firm

Since the name of a proprietorship is not registered, a proprietorship can choose to have any nam...

Single Promoter
You are the only Promoter of the company

A proprietorship is the only type of business entity that can be registered and operated by one p...

Lower Taxes
Proprietorship needs to pay minimal taxes

Proprietorship with less than Rs. 3 lakhs of income is not required to pay any income tax, as pro...

Easy to Close
You can easily shut your business

The Proprietor and the proprietorships are one and the same for all legal purposes. Hence, there ...