Legal Munshi

Proprietorship Registration

@ RS. 2,499/- ALL-INCLUSIVE FEE | NO HIDDEN CHARGES

Start your business as proprietorship easily and within a day. There is no registration requirement for proprietorship business as company registration. However, to open a Bank A/c, you need to submit at least two documents in the name of the proprietorship business. Our Basic Pack takes care of the same.

Why LEGAL MUNSHI for your legal services

  Trained and professional team
  All India Services at Reasonable Price
  EMI Facility for Paying Our Fee
  CA, CS & Legal Services At One Place
  Turnkey hassle free assistance

Request A Proposal / Enquire

Sole Proprietorship

Sole Proprietorship is a business owned and governed by one person. This type of business can be incorporated within 15 days and is therefore very famous among the small trader, aspiring business owners. For a Sole Proprietorship, registration with government bodies is not required and is recognize through alternate registrations, such as GST registrations.

Benefits of Sole Proprietorship

Minimal Compliance

 Sole Proprietorships have minimum compliance. Therefore, these kind requires yearly filings by professional.

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.

Affordable

 When compared to an OPC or One Person Company, a Sole Proprietorship is affordable 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.

Documents Required For Proprietorship Registration

Basic Documents

Address and identity proof
PAN card, KYC documents
Rental agreement or sales deed
Current Account

Activity Based

Food License
Drug License
PSARA Registration
Import Export Code

Location Based

Shops & Establishment Registration
Trade License
Professional Tax Registration
Goods & Services Tax Registration (GST)

For further queries kindly refer our FAQ section

Procedure for Sole Proprietorship Registration with Legal Munshi

Step 1 : Selection of Name

Decide the name for your business

Step 2 : Complete Our Simple Online form

You have to provide the details in the form.

Step 3 : What next ???

After submission of the details, one of our experts will be in touch with you with the further details.

Step 4 : Congratulations!!!

Once the registration is done we will inform you and provide the necessary documents

Pricing and Packages

Starter

Rs.2499/-

All inclusive Fees

Proprietorship registration with TAN registration, MSME under Udyog Aadhaar. Inclusive of government fee and GST.

Economy

Rs.3999/-

All inclusive Fees

Proprietorship registration with TAN registration, MSME under Udyog Aadhaar, DSC(1 year-class 2). Inclusive of government fee and GST.

Standard

Rs.5999/-

All inclusive Fees

Proprietorship registration with TAN registration, MSME under Udyog Aadhaar, DSC(1 year-class 2) & Shop Establishment. Inclusive of government fee and GST.


Pro

Rs. 7999/-

All inclusive Fees

Proprietorship registration with TAN registration, MSME under Udyog Aadhaar, ITR-4s, DSC(1 year-class 2) & Shop Establishment (Annual).Inclusive of government fee and GST.

Premium

Rs. 9999/-

All inclusive Fees

Proprietorship registration with TAN registration, MSME under Udyog Aadhaar, ITR-4s, GST, DSC(1 year-class 2) & Shop Establishment (Annual). Inclusive of government fee and GST.

Elite

Rs. 14999/-

All inclusive Fees

Proprietorship registration with TAN registration, MSME under Udyog Aadhaar, ITR-4s, GST, DSC(1 year-class 2), Shop Establishment (Annual) & Trademark (General Category). Inclusive of government fee and GST.

FAQs on Sole Proprietorship

Who can start a Sole Proprietorship?

Any Indian citizen with a current account in the name of his/her business can start a sole proprietorship. Registration may or may not be required, depending on the type of business that is planned to be established. However, to open a current account, banks typically require a Shops & Establishments Registration.

How long does it take to start a Sole Proprietorship?

A Sole Proprietorship takes maximum of 15 days to start functioning.This is the reason why is popular among the small trader, new business owners.

Do I need to take GST for my sole Proprietorship?

It is compulsory for any business whose turnover in a financial year exceeds Rs 20 lakhs (Rs 10 lakhs in the case of North Eastern states) to get a GST registration.

Aside from a current account, what other registration is required?

This depends on your business and your business requirement. Generically, GST registration, TAN registration, DSC and MSME registration can also be obtain based on business needs.

How long does it take to start a Sole Proprietorship?

A Sole Proprietorship takes maximum of 15 days to start functioning.This is the reason why is popular among the small trader, new business owners.

How do I open Current Account for A Sole Proprietorship?

To open a bank account for a Proprietorship, Reserve Bank of India mandates that the proprietor must provide two forms of business registration proofs along with the PAN Card, identity proof and address proof of the Proprietor(KYC Documents). The two forms of business registration can be any two of the following: GST, MSME registration, Shop & Establishment Act registration, Professional license, Chartered Accountant certificate or others as provided in the RBI Know Your Customer norms.Change is subject to RBI amendments.

Will I be able to convert Sole Proprietorship to partnership or Private Limited Company?

Yes, you can! The procedure involved is a little deliberate, but it is possible
About us
Services
Usages
Popular Services
Payments

Employee Login

Legal Munshi is an online platform for connecting or referring professionals and do not claim to be a legal firm. We do not provide legal services ourselves. All the information on this website is for reference only and should not be considered as a legal opinion. The information on this website is for the purpose of reference,knowledge only and should not be relied upon as legal advice or opinion.

All rights reserved ©2020 Legal Munshi | This website is made with by Slang Software