Sole Proprietorship
Registration
The easiest way to start your business. Low compliance, minimal cost, and complete control. Ideal for shop owners, freelancers, and small traders.
About The Service
Kickstart your business journey with the simplest legal form of existence.
What is a Sole Proprietorship?
A Sole Proprietorship is a business owned, managed, and controlled by a single individual. It is not a separate legal entity from its owner. This is the most common form of business in the unorganized sector in India.
Since there is no "Proprietorship Registration Certificate" issued by the government, the existence of the business is established through other registrations such as GST Registration and MSME (Udyam) Registration. We help you obtain these licenses to open a Current Bank Account.
Why Start as Proprietor?
- Fast Setup: Can be started in 3-5 days.
- Low Cost: Cheapest form of business.
- Control: You make all decisions.
- Compliance: Minimal annual filings.
Key Benefits
Why this is the best choice for small businesses.
Easy to Start
Minimal paperwork required. No need for complex agreements or Registrar of Companies (ROC) filings.
Lower Tax Burden
Income is taxed as personal income of the proprietor. You can also opt for Presumptive Taxation (low tax rates).
Minimal Compliance
No requirement for statutory audits (unless turnover is high) or annual general meetings.
Privacy & Control
Complete secrecy of business affairs as accounts need not be published for the public.
Documents Required
Note: All documents in name of Proprietor.
- PAN Card: Mandatory for the proprietor.
- Aadhaar Card: Linked with Mobile Number.
- Passport Photo: Recent color photograph.
- Bank Proof: Cancelled Cheque or First page of Passbook.
- Office Proof: Electricity Bill / Rent Agreement / Property Tax Receipt.
Step-by-Step Process
Data Collection
Submission of KYC documents and business details (Name, Nature of Business).
MSME / Udyam
Filing for Udyam Registration (MSME) to get government recognition.
GST Registration
Applying for GSTIN (if required or voluntarily) to legitimize the business.
Bank Account
Using the GST/MSME certificate to open a Current Bank Account.
Start Your Business
Don't wait. Get your proprietorship registered quickly and open your current account with our help.
📍 Lower Chutia, Samlong, Ranchi, Jharkhand 834010, India
📱 +91 77300 74222
📧 contact@neelmanineeraj.com