How to Register Sole Proprietorship Firm in India, Partnership registration, Ebizfiling, Company registration.

How to Register Sole Proprietorship Firm in India?

The leading business advisor, ebizfiling is a leader in sole proprietorship firm registrations in India. The sole proprietorship type is the favourite business form for the small entrepreneurs. It simply allows starting a firm with small capital, short time frame.

 

It requires a very simple process with minimal legal compliances and formation costs. Most of the local offline businesses prefer proprietorship. Check out the major aspects and requirements for the sole proprietorship firm registration.

 

Key Features of Sole Proprietorship Firm in India

 

Traditionally, proprietorship is the preferred way of setting up a small scale business for most of the businessmen. The main features of this business type clearly identify it from the other types.

  1. Proprietorship requires one person and is basically a one man show.
  2. The business is owned by a single person.
  3. Due to the involvement of a single person and minimum legal compliances, it is much easier to start and dissolve the firm.
  4. Tax-related and other legal compliances are minimal.

 

A sole proprietorship structure can be used by a service provider, a manufacturer as well by a trader or a merchant.

 

How to Establish a Sole Proprietorship Firm in India

 

All the business structures need to follow the formation procedures and necessary registrations. This brief yet complete procedure for sole proprietorship registration will help you to get ready with the document requirements.

 

  1. The proprietorship registration done under the SSI/MSME Registration at eBizfiling. The list of documents includes only PAN and Aadhar card of the Proprietor.
  2. Apply for the GST registration.
  3. Obtain the GST registration certificate from the authorities.
  4. Open a current bank account.

 

Though there are no other governmental formalities required for sole proprietorship formation, it may require certain registrations depending upon the business. For example a firm dealing with import or export will need DGFT IEC code registration. For the registrations of GST, we highly recommend you to get help of our professional services available at incredibly low service charges.

 

Documents Required to Start Proprietorship Firm

 

The documents requirement for the sole proprietorship is quite simple. Generally it involves the basic documents to identify the proprietor and the firm.

 

  1. Self Attested PAN Card of Applicant
  2. Self Attested Aadhar Card of Applicant
  3. Self Attested PAN Card of Entity (if any)

 

This hassle-free registration process aloof of any real legal registration is the best feature of the sole proprietorship firm in India. It is also the oldest form of business in India. Applying for the necessary tax registrations and bank account are the only compliance to start the business.

 

Apply Online for Sole Proprietorship Firm Registration in India

About Ebizfiling -

EbizFiling is a concept that emerged with the progressive and intellectual mindset of like-minded people. It aims at delivering the end-to-end incorporation, compliance, advisory, and management consultancy services to clients in India and abroad in all the best possible ways.
 
To know more about our services and for a free consultation, get in touch with our team on  info@ebizfiling.com or call 9643203209.
 
Ebizfiling

Author: ishita

Ishita Ramani is a young woman entrepreneur and currently the Operations Director at Ebizfiling India Private Limited. In her entire career so far, she has led a team of 50+ professionals like CA, CS, MBAs and retired bankers. Apart from her individual experience on almost every facet of Indian Statutory Compliances, she has been instrumental in setting up operations at Ebizfiling.com! Read about her journey at- https://www.greatcompanies.in/post/ishita-ramani-operation-director-at-ebizfiling-india-pvt-ltd

Follow Author

Leave a Reply

Your email address will not be published. Required fields are marked *

Reviews

  • Client Review, Ebizfiling

    BUKBUY INTERNATIONAL

    15 Dec 2018

    Excellent Service!

  • Ebizfiling

    Christopher

    07 Aug 2020

    EbizFiling helped us with our Indian subsidiary company formation from start to finish. The customer service, knowledge, technical know how and communication was amazing. The delivery of services were timely and as per schedule. Thanks team and congratulations on the job well done. I recommend EbizFiling to any local or international company that wants to start operations in Incredible India.

  • Client Review, Ebizfiling

    DEEPAK BAGRA

    08 Sep 2018

    I find the service, working approach and commitments very professional. Their progress updates are commendable. I really liked working with them.

Hi, Welcome to EbizFiling!

Hello there!!! Let us know if you have any Questions.

Thank you for your message.

Call Now Button whatsapp