Proprietorship Firm Registration

Small manufacturers and traders, who typically have just a GST registration, are known as sole proprietors

Why Should You Register For A Sole Proprietorship?

Sole Proprietorship Registration

A Sole Proprietorship provides maximum privacy to its owners and has an easy establishment and operational process.

Service Pick
- We help you pick the right government registration.
Vendor Connect
- We connect you with a verified vendor to file the application.
Receipt of Registration
- We offer continuous support until you receive the registration.

Proprietorship Firm - An Overview

A sole proprietorship is an unregistered business entity owned, managed and organized by a single person. Micro and small businesses usually engage in proprietorship firm and it is one of the common forms of business in India. We help new entrepreneurs enter into markets minimizing the compliance procedures and getting a GST registration which is relatively inexpensive and easy to register for sole proprietorship firm.

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What is a Sole Proprietorship? - Overview

When a business is owned and governed by one person, it is called a sole proprietorship company. This type of business can be incorporated in fifteen days and hence makes it one of the most popular types of business to begin in the unsystematic sector, specifically among merchants and small traders. For a Sole Proprietorship business, registration is not required as it is identified through alternate registrations, such as GST registrations. However, its liability is unlimited and it also doesn’t have perpetual existence.

Benefits of a Sole Proprietorship
    Minimum Compliance
  • - Sole Proprietorships have minimum compliance requirements as they are identified by government and tax registrations. Therefore, their agreements are confined to yearly filings of service, sales, or professional taxes
    Simple To Begin
  • - A Sole Proprietorship is simple to begin. One needs to simply have a GST Registration in place. This business can be set up in 15 days with the help of a PAN card
  • - When compared to an OPC or One Person Company, a Sole Proprietorship is economical due to its minimum compliance requirements, including no need to hire an auditor. One of the main reasons why small merchants and traders choose this type of companies
Checklist Items for a Sole Proprietorship Registration
  • - A certificate/license issued by Municipal authorities under the Shop & Establishment Act
  • - The license issued by Registering authorities like the Certificate of Practice IS issued by the Institute of Chartered Accountants of India
  • - The registration/licensing document is issued in the name of the proprietary concern by the Central Government or the State Government Authority/ Department, etc,
  • - The banks may also accepts the IEC (Importer Exporter Code) issued to the proprietary concern by office of the DGFT as an identity document for opening of the bank account etc,
  • - Complete Income Tax return (not just the acknowledgement) in the name of the sole proprietor where the firm’s income is reflected, duly authenticated and acknowledged by the Income Tax Authorities,
  • - The utility bills such as electricity, water, and the landline telephone bills in the name of the proprietary concern,
  • - Issue of GST Registration/Certificate
How Cliptax Executes A Sole Proprietorship Registration Procedure
    Professional Guidance
  • Our experts give your professional guidance on many of the processes involved in registering your business as a sole proprietorship, along with registration of service tax, sales tax, import/export code, professional tax or Shops and Establishments Act
    Vendor Relationship
  • General Partnerships can begin simply with an unregistered deed of the partnership within 2-4 business days. However, having registration for the same has its own perks and advantages. The primary advantage for having a registered firm is that it will allow you to book lawsuits in courtrooms opposing another business or the business associates in the firm for the administration of rights addressed in the Partnership Act.
    15 Business Days
  • Our team will offer full assistance with the registration process. This could vary between 5 and 15 days, depending on the task at hand for the authorities involved.
What Are The Documents Required For Registering A Sole Proprietorship

To start a Sole Proprietorship, the following documents are required

  • - Address and identity proof
  • - PAN card, KYC documents and
  • - Rental agreement or sales deed (in case of Shops & Establishment Act Registration)
What Are The Documents Required For Opening A Current Account

To open a current account, the following documents are required;

  • - Proof of the existence of your business.
  • - Shops & Establishments Act Registration.
  • - PAN card.
  • - Address and Identity proof.

Popular Plans

  • - Any Form of Business Formation
  • - Income Tax Return

What do people praise about Cliptax?

Naresh Sawant
Be it income tax, GST, or any other financial services, Cliptax is simply the best.
Ruchita Subedar
Thanks to the dedicated team of Cliptax, that now I do not have to worry about Accountancy, Bookkeeping, or payroll, etc.
Jack Melbourne
Cliptax is my one-stop solution for all the taxation services that I need for my business.
Christie Lawrence
I would highly recommend the company to anyone who is looking for any kind of taxation of financial services for their business.

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