Proprietorship Concern

Best Suited For
• Small / Micro Businesses
• Testing / Dry Runs of Business Ideas
• Businesses running on the promoter’s name

₹ 4,999 (All Inclusive)

    Proprietorship Concern

    Just @ Rs 4,999 (All Inclusive)

      Taking Charge of Your Business Destiny: Embrace the Entrepreneurial Spirit with Sole Proprietorship Registration

      In India, a business with just one owner may register as a sole proprietor. A sole proprietorship is a type of business structure where an individual operates and owns the business. In a sole proprietorship, the business is not a separate legal entity from the owner. The owner is personally responsible for all aspects of the business, including its debts and liabilities.

      This kind of business is among the most popular to start in the unsystematic sector, especially among merchants and small traders.

      A sole proprietorship business does not need to register because it is recognised by other registrations, like GST registrations and MSME. Its liability is, however, unlimited, and its existence is not perpetual.

      Benefits of Proprietorship Concern

      Most Economical

      Quickest to Start

      Lesser Compliances

      Easy Winding-Up

      Least Hassles

      Better Tax Planning

      What Next?

      Fill the form
      Talk to BizExpert
      Submit Documents
      Sit Back & Relax
      Work Complete 🙂

      What's Included?

      Documents Required

      Who Can Opt for Sole Proprietorship?

      Anybody can choose this kind of business form if they want to start a company with less capital. It can be initiated within ten to fifteen days. Furthermore, you are the only one with authority over the business.

      Advantages of Sole Proprietorship

      The advantages of each business structure vary. Here is the list of the advantages of a sole proprietorship business.


      Quite Simple To Establish

      There is no registration procedure required of an applicant who wants to manage their business operations as a sole proprietor. To operate their business lawfully, they only need to obtain licenses or registrations specific to their line of work.


      Seek Minimal Investment

      The sole proprietorship model is popular among small businesses such as grocery stores, retail stores, and so on because it is advantageous for low-cost business ideas.

      By incorporating as a private limited company, OPC can obtain capital at a significant cost, as opposed to the sole proprietorship model’s zero expenditure.

      Adheres to minimal compliance

      The sole proprietorship business model is unrestricted by any particular laws, allowing it to function without onerous compliance requirements. In the context of sole proprietorships, they are not required to obtain a Certificate of Incorporation or Registration Certificate because they are not considered separate legal entities distinct from their owners. A sole proprietorship is an informal business structure where the individual owner and the business are essentially one and the same.

      Checklist for Sole Proprietorship Registration

      The following is the checklist included under the sole proprietorship registration process. 

      • A license or certificate granted by municipal authorities under the Shop & Establishment Act.
      • The Institute of Chartered Accountants of India issues licenses such as the Certificate of Practice, which is issued by registering authorities.
      • The Central Government or the State Government Authority/Department, etc., issues the registration or licensing document in the name of the proprietary concern.
      • The Importer Exporter Code (IEC) that the DGFT office issued to the proprietary concern may also be accepted by banks as identification when opening a bank account, among other things.
      • Complete the online income tax return in the name of the sole proprietor, ensuring that all of the firm’s income is reflected and that the Income Tax Authorities have duly authenticated and acknowledged it.
      • Utility bills in the name of the proprietary concern, including those for electricity, water, and landline telephones
      • The matter of obtaining a GST certificate or registration.

      Compliances for Sole Proprietorship Firms

      The compliances required to apply to a sole proprietorship include the following:

      • Income Tax Return Filing: The owner of a proprietorship is required to file a personal income tax return on form ITR-3 or ITR-4.
      • Business Income: The only income tax forms that allow for the declaration of business income are the ITR-3 and ITR-4. Consequently, all proprietorships have to file forms ITR-3 or ITR-4 to meet income tax requirements.
      • GST Return Filing: If a proprietorship is GST registered, it must file a GST return in line with the business’s registration plan every month and every three months.
      • TDS Returns: If a proprietorship employs people or spends more than a certain amount on goods and services, tax withholding at source is required, and TDS returns must be submitted every quarter.

      Apart from the aforementioned aspects, the sole proprietorship might also have to adhere to extra rules based on its sector and area.

      Why Choose BizExpress for Sole Proprietorship?

      • Access to Experts

      We give you access to trustworthy experts and work with them to fulfill all of your legal obligations. Furthermore, you can always keep an eye on the developments on our website.

      • Realistic Expectations

      We handle all the paperwork, so you can be sure that your interactions with the government will go smoothly.

      • 100+ Strong Team

      Unlock the power of expert legal guidance with our team of over 300 experienced business advisors and legal professionals. A simple phone call connects you to the best legal services. Your success, our expertise – just a call away.

      How to Verify Your Proprietorship Status?

      In theory, a sole proprietorship is not regarded as a registered entity. 

      Depending on the type of business, the sole proprietor must provide basic KYC documents, like as MSME registration or GST registration, in order to receive the appropriate certificates.

      Documents Required for a Sole Proprietorship

      List of the documents needed for sole proprietorship registration.

      • Photocopy of PAN card of sole proprietorship.
      • For the address proof, you need to submit the water or electricity bill.
      • Photographs (passport size).
      • A photocopy of your voter identity card or Aadhar card must be submitted as identification proof.
      • Regarding the Shops and Establishment Act, you must provide a rental agreement or a sale deed as proof of ownership.

      Obtaining GST Registration for Proprietorship

      To operate as a sole proprietor, you must obtain a PAN card for yourself, open a bank account in your firm’s name, obtain a Certificate of Registration under the relevant state’s Shop and Establishment Act, and register for GST. Subject to departmental approval and response from the relevant department, the registration process takes about ten days.


      It’s a slightly challenging process, but it can be done. At a later point in their business lives, sole proprietors frequently transform into partnerships or private limited companies.

      Indeed, a sole proprietorship firm is obligated to meet specific legal mandates, encompassing the filing of income tax returns, maintaining precise accounting records, and adhering to any industry-specific regulations. However, in comparison to larger entities, sole proprietorships typically face a lower compliance burden.

      Establishing and operating a Sole Proprietorship firm takes no longer than 15 days. It is well-liked by small business owners and traders because of its simplicity. This is the additional rationale behind its widespread usage as a business structure.

      While not mandatory, it is recommended to formally register as a sole proprietorship. This registration provides several legal benefits, such as the ease of opening a business bank account and establishing a distinct identity, similar to that of a partnership or company.

      Yes, a sole proprietor must be a citizen and resident of India. However, with the Indian government’s approval, foreign nationals are allowed to finance a sole proprietorship.

      There are two distinct types of ownership: sole proprietorship and one-person corporations. In a sole proprietorship, one person runs and controls the entire company. In contrast, an individual may begin an OPC following legal guidelines and regulations. Additionally, an OPC is listed with the Registrar of Companies.

      What is a Proprietorship?

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      So Let's Begin?


        Private Company registration is a service our firm provides. The Private limited company is considered the most popular legal structure option in India. Pvt Ltd. is incorporated under the Companies Act 2013 and it is governed by the Ministry of Corporate Affairs (MCA).

        In case it is mentioned in the MoA and approved by the registrar of the company, then it is possible to carry out multiple businesses. The businesses could be in the same field or different. Though, unrelated activities like event management and fashion designing cannot be registered under the same company.

        ₹ 4,999 (All Inclusive) for the Base Package.


        What is included in the base package?

          • Upto 3 Directors and Digital Signature Certificate (DSC)
          • Upto ₹ 1 Lac of Paid-up Capital
          • Form 20-A + ADT-1 Filing
          • Company PAN + TAN
          • Share Certificate Physical Copy
          • Certificate of Incorporation
          • MoA + AoA


        We are also extending, FREE of cost:

          • GST Registration
          • Import / Export Code (IEC)
          • Udyog Aadhar Certificate
          • PT Registration

        What you see is what you pay. No hidden charges. Period.

        If there are additional requirements apart from Base Package, we will first share the revised quote and then we can move ahead.

        Again, what you see is what you will pay.

        Yes. A Company can be registered from any address. It need not be a formal office set-up.

        A Company’s registered address can be a:

          • Shop
          • Commercial Office
          • Industrial Premises
          • Warehouse / Godown
          • Residential Place / House
          • Parcel of Land
          • Any other legal property


        Both Rented as well as Owned

        Yes. The businesses however must be a part of the MoA approved by the registrar of the company (ROC), then it is possible to carry out multiple businesses. The businesses could be in the same field or different. Though, unrelated activities such as Chemical Trading and Real Estate Construction may not be approved under the same company.

        Some of the necessary compliances include:

          • Opening of Current Account within 30 days of PAN registration
          • Appoint a Statutory Auditor within 30 days
          • Deposit of the Paid-up Capital as per application
          • Issue and allotment of shares
          • Filing of Annual Reports with Ministry of Corporate Affairs (MCA)
          • Atleast 1 AGM every year
          • Atleast 4 Board Meetings in a year (1 each quarter)

        Step 1: Obtaining Digital Signature (DSC) and DPIN
        Step 2: Application of DPIN
        Step 3: Name approval
        Step 4: Form SPICe
        Step 5: e-MoA (INC-33) and e-AoA (INC-34)
        Step 6: PAN and TAN application

        Anyone can be a director, if they fulfill the following conidtions:

          • Age of 18+ years or older
          • DIN (Director Identification Number)

        The complete list of documents required to register a Private Limited Company as given below:

        • Directors:
            1. Copy of PAN card
            2. Photograph (Passport size)
            3. Copy of Aadhaar card OR voter identity card


        • Place of Business:
            1. Electricity / Water bill
            2. NOC by landlord
            3. Copy of rent agreement (in case of rented property)
            4. Copy of Property papers (in case of owned property)

        The 3 main documents of the company that defines any Private Limited Company are:

          • Certificate of Incorporation
          • Memorandum of Association (MoA)
          • Articles of Association (AoA)


        Other Documents that may be used for KYC purpose would include:

          • PAN Card Copy
          • Udyog Aadhar (if MSME Registered)
          • GST Certificate

        The Maximum amount of capital against which a company can issue shares is the Authorised share capital. It represents the maximum amount of capital a company can hold as capital.

        Paid-up Capital is the actual money the Company has raised till date. It is that portion of Authorised Capital that is actually in the Company.


        In short, Paid-up is actual capital paid, while, Authorised Capital is the ceiling. Both however, can be raised by filing documents with the ROC.