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Register your proprietorship business in less than 24 hours

Starts at ₹2,499 Only

Expert Assisted Application

12 Hrs Submission

OUR PACKAGES

CHOOSE YOUR PACKAGES

Starter

Starter Packages

₹2,499

Key Features

CA Assisted Registration

Shops & establishment act registration

Proprietorship certificate

Assistance Startup Bank Current Account

Growth

Growth Packages

₹1499

Key Features

CA Assisted Registration

Shops & establishment act registration ( 5 employees )

Proprietorship certificate

Assistance Startup Bank Current Account

Pro

Pro Packages

₹3499

Key Features

CA Assisted Registration

Shops & establishment act registration

Proprietorship certificate

Assistance Startup Bank Current Account

MSME registration

15 mins CA consultation

Startup Kit

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Get various CRM Tools, HR & Payroll Management, Legal Templates, Marketing Automation

TESTIMONIALS

SUCCESS STORIES

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

RA

Rohit Agarwal

Founder. TechEdge Solutions

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

MS

Meera Sharma

CEO BlueWave Technology

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

RA

Rohit Agarwal

Founder. TechEdge Solutions

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

MS

Meera Sharma

CEO BlueWave Technology

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

RA

Rohit Agarwal

Founder. TechEdge Solutions

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

MS

Meera Sharma

CEO BlueWave Technology

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

RA

Rohit Agarwal

Founder. TechEdge Solutions

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

MS

Meera Sharma

CEO BlueWave Technology

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

RA

Rohit Agarwal

Founder. TechEdge Solutions

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

MS

Meera Sharma

CEO BlueWave Technology

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

RA

Rohit Agarwal

Founder. TechEdge Solutions

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

MS

Meera Sharma

CEO BlueWave Technology

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

RA

Rohit Agarwal

Founder. TechEdge Solutions

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

MS

Meera Sharma

CEO BlueWave Technology

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

RA

Rohit Agarwal

Founder. TechEdge Solutions

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

MS

Meera Sharma

CEO BlueWave Technology

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

PR

Priya Reddy

Co founder, Green leaf ventures

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

VS

Vikas Singh

Director. BrightSpark Innovations

Incorporating my private limited company was smooth and stress free. The professional Guidance and timely updates made the whole experience exceptional.

Enjoy a range of exclusive value-added benefits

PARTNER BENEFITS

ZOHO

Vyapar

DIGITAL CONNECT

teljio

GrindClub

HDFC

Hungrea

Ready

SBI

Tally

ZOHO

Vyapar

DIGITAL CONNECT

teljio

GrindClub

HDFC

Hungrea

Ready

SBI

Tally

ZOHO

Vyapar

DIGITAL CONNECT

teljio

GrindClub

HDFC

Hungrea

Ready

SBI

Tally

ZOHO

Vyapar

DIGITAL CONNECT

teljio

GrindClub

HDFC

Hungrea

Ready

SBI

Tally

PROCESS

OUR THREE STEP PROCESS

Fill The Forms

Share your basic details quickly and easily.

Upload Document

Securely upload the required documents for verification.

Get Approved

Sit back while we review and approve your application in no time.

EXCELLENCE

WHY CHOOSE US?

Zero Penalty Record

Expert CA Team

Fast Turnaround

Results Driven

Transparent Price

PAN of the Proprietor

Aadhaar Card of the Proprietor

Bank Statement of the Proprietor

Photograph of the Proprietor

Rental Agreement and NOC (Premises)

Latest utility bill of the Premises (Electricity Bill)

Photograph of the premises

1.Only Resident Indians can start a proprietorship firm. Non-resident Indians (NRIs) and foreign nationals are not eligible to establish a proprietorship business in India.

2.The proprietor must be at least 18 years old to start a proprietorship firm.

3.PAN Card and Aadhaar Card of the Proprietor is required for identity and address verification.

4.A proprietorship needs to have a registered address for the business. If the property is rented, a rental agreement may be required.

5.GST Registration if the business's turnover exceeds the specified threshold.

6.Income Tax Registration under the proprietor's PAN, as the business's income is treated as the proprietor's income

A Sole Proprietorship is one of the oldest and simplest business structures to start in India. It is a type of business owned, managed, and controlled by a single person, known as the proprietor. Since the proprietorship and the proprietor are considered the same legal entity, it is easy to start, with minimal compliance requirements. A proprietorship cannot have partners or shareholders as the proprietor and the business are considered as one entity. There is also no limited liability protection, meaning the proprietor is personally liable for the business's activities.

Sole Proprietorship Registration in India

India does not have a dedicated registration process for sole proprietorships. Instead, recognition of the business comes through tax registrations required by law. One of the most important registrations is the GST (Goods and Services Tax) Registration, which must be obtained in the proprietor's name to formalize the business. This GST registration establishes the business's legitimacy as a proprietorship. At OnEasy, we provide comprehensive assistance to register your sole proprietorship. Our expert team ensures a smooth and efficient process so that you can establish your business quickly. Start your sole proprietorship registration today and realize the potential of your business ideas.

Sole Proprietorship Registration in India

India does not have a dedicated registration process for sole proprietorships. Instead, recognition of the business comes through tax registrations required by law. One of the most important registrations is GST (Goods and Services Tax), which helps in formalizing the business.

Essential Licenses and Registrations for Proprietorships

To operate a proprietorship in India, you need the following key registrations:

•Ensure to apply for any additional registrations required for business purposes under relevant laws.

•UDYAM Registration to recognize your business as a Micro, Small, or Medium Enterprise (MSME) and access government benefits.

•GST Registration if your business exceeds the specified turnover thresholds for collecting and paying GST.

•Trade Licence.

•Shops and Establishment Act Registration depending on your business location to comply with local labour laws.

Advantages of Proprietorship

•Easy Registration: No formal incorporation or dissolution process is required. However, necessary licenses and tax registrations may be needed to operate the business legally.

•Lower Compliance: Proprietorships usually face fewer compliance requirements compared to other entities like LLPs or companies, which must file various statutory returns and undergo annual audits by a chartered accountant.

•Simplicity: With no need for partners or shareholders, proprietors can manage the business with minimal documentation, making it a good option for very small businesses.

•Quick Decision-Making: Since the proprietor has complete control, business decisions can be made quickly without needing approval from others.

•Complete Control: The proprietor owns all assets and is responsible for all business operations, providing full authority over finances and business activities.

Disadvantages of Proprietorship

•Limited Funding: Sole proprietorships rely on the proprietor's savings, borrowings, and credit. Raising funds from banks can be difficult, and equity funding is not possible since this structure doesn't allow profit-sharing or shareholding.

•Personal Liability: The proprietor is personally responsible for any business debts or liabilities. This means personal assets could be at risk if the business cannot meet its obligations.

•No Business Continuity: In the event of the proprietor's death or disability, the business ceases to exist, which can be a major drawback for long-term continuity.

•Growth Limitations: Due to restrictions in fundraising, liability protection, and continuity, proprietorships are typically suited only for small-scale businesses.

•Unincorporated Business: Proprietorships are unincorporated, meaning there is no central registry to verify their active or inactive status. This often places them in the unorganized business sector.

•Registering a sole proprietorship can be done online with the help of OnEasy. The process requires minimal documentation, primarily the proprietor's PAN and Aadhaar. We assist in securing the following registrations: 1.GST Registration, 2. Zero-Balance Business Current Account. Our team will guide you through the process, ensuring smooth registration and compliance with relevant laws.

GST Registration for Proprietorship

We handle GST registration as part of our service. To complete the registration, you will need to provide the following documents:

•PAN Card of the proprietor

•Consent for GST Registration

•Photograph of the proprietor

•Bank Account Details: A scanned copy of a cancelled cheque with relevant bank details

•Rent/Lease Agreement for business premises(if applicable)

•Aadhaar Card, Driving License, Passport, or Voter ID for address proof.

UDYAM Registration for Proprietorship

Once GST registration is complete, we will assist you in obtaining UDYAM Registration to access various benefits available for small and medium enterprises. This process requires your PAN Card, Aadhaar Card and GST Certificate

Bank Account for Proprietorship

A current account in the proprietor's name can be opened using their PAN. To open a business bank account, you need to submit two of the following documents:

•GST Registration Certificate

•Shops and Establishment Act License

•IEC (Importer Exporter Code) if applicable

Shops & establishment Act Registration

We assist in obtaining Shops & Establishment Act Registration to ensure your business adheres to local labour regulations. This registration is mandatory for all businesses operating in India, ensuring legal compliance and safeguarding basic employee rights. The process requires your PAN Card, proof of business address, and any additional documents specific to your business location.

Compliance for Proprietorship

Sole proprietorships are subject to the following compliance requirements:

•Income Tax Filing: Proprietors must file personal income tax returns using forms ITR-3 or ITR-4, depending on the nature of the business income.

•GST Return Filing: If registered for GST, proprietors must file GST returns monthly or quarterly, depending on the chosen scheme.

•TDS Returns: If applicable, proprietors must deduct tax at source for employees or suppliers and file TDS returns quarterly.

•Other compliance requirements may vary based on the business's industry and location.

Why Choose OnEasy for Proprietorship Registration

OnEasy makes the process of setting up your proprietorship easy and stress-free. Contact us today to get started with your sole proprietorship registration!

FAQ

Frequently Asked Questions

A Proprietorship Firm is a business owned, managed, and controlled by a single person. It is not a separate legal entity, and the owner and the business are considered the same.

Registration of a Proprietorship Firm is not mandatory. However, various licenses and registrations may be required depending on the nature of the business (like GST registration, MSME registration, etc.).

Key documents include the owner's PAN Card, Aadhar Card, proof of business address (utility bill), and any licenses required based on the type of business.

Registration of a Proprietorship Firm is usually quick and can be completed within 3 to 5 working days, depending on the type of licenses required.

Yes, a Proprietorship Firm can hire employees, and the owner is responsible for paying their salaries and complying with labor laws.

Yes, a Proprietorship Firm can be converted into a Private Limited Company or other entities, but it requires following specific procedures for conversion.

The income of a Proprietorship Firm is taxed as the individual income of the owner under the income tax slab rates. There is no separate tax structure for the firm.

No, there is no minimum capital requirement to start a Proprietorship Firm. The owner can start the business with any amount of capital.

No, a Proprietorship Firm is owned and operated by a single individual. If there are multiple owners, it must be registered as a partnership or another form of business entity.

Registering a Proprietorship Firm under MSME (UDYAM Registration) provides access to various government benefits, subsidies, easier access to credit, priority in government tenders, and protection under the MSME Act, including delayed payment protection.

Guiding your business forward start your financial journey.

Proprietorship - Online Registration & Filing | OnEasy.Ai | OnEasy.Ai