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Proprietorship Firm Registration

Q: Is registering for a sole proprietorship necessary?

Whether someone wants to register their sole proprietorship or not is entirely up to them. It is not necessary by law, even if banks could ask for sole proprietorship registration if you wish to open a bank account in your business's name. However, as per our experts from Zolvit, it is always better to register your firm.

Q: What is the price in India to register a sole proprietorship?

In India, the registration charge for a sole proprietorship firm is ₹1,999 including professional and administrative costs. Other costs involves the registrations that are necessary for a proprietorship firm to exist, such as GST registration and MSME registration.

Q: Which documents are necessary for proprietorship registration?

The proprietor must acquire PAN and Aadhar to operate a proprietorship firm in India. The business owner must register for UDYAM, and GST, and open a bank current account. The owner may additionally need to register under the Shops & Establishment Act in several states.

Q: When should a single proprietorship be established?

A lone trader, individual business owner, or someone who does not want to go through the drawn-out procedure of founding a corporation might choose sole proprietorship registration. A new business must also make an initial financial commitment in the form of fees, which is not the case for sole proprietorships.

Q: Is it preferable to launch a company as a single proprietorship?

The sole proprietorship is typically selected since it is easier to set up and requires no legal paperwork. It is especially appropriate if you want to launch a one-person firm and don't anticipate the enterprise expanding beyond you.

Fastest registration turnaround time in India with Guaranteed document upload to the government portal under 7 days or get a full refund

Transparent process starting from Just ₹499 + GST

Get Started

Here’s How It Works

1
Apply for a PAN card
2
Select an appropriate company name
3
Choose the perfect service
4
Our experts will help you to connect with an apt vendor
5
Receive the registration certificate

Excellent service and support. Vakil Search Team is very supportive and professional. I Really appreciate the service and support from the team.

Rachna Pathania

Founder & CEO of SchnellTek Software Pvt. Ltd.

Zolvit has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!

Satya Vasireddy & Sravani Vasireddy

Founders of Lovely Chocos

Zolvit is exactly what it does. Legal is simple. We went to Zolvit to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.

Adarsh Agarwal

CEO & Developer of Golghar.com

Here’s What You’ll Need

Sole proprietorship registration online in India is now a super fast process. Thanks to Zolvit! To guarantee that your papers are always secure, Zolvit implements the best security protocols available in the market.

PAN cards
KYC paperwork
A rental agreement or selling deed
Evidence of address and identification
Proof of your company's existence
Registering under the Shops & Establishments Act
Address and ID verification

Why Should I Use Zolvit for Sole Proprietorship Registration Online in India?

New Company
We Register a New Company Every 9 Minutes
50,000+
Businesses Served by Zolvit
Financial Services
All Financial Services in One Place
Quick & Affordable
Nominal rates, great turnaround time
Satisfaction
100% satisfaction guaranteed

Zolvit's sole proprietorship registration is just the best in town! Now register your sole proprietorship easily in just 5 steps!

Did you know?

Did you know that businesses like Coca-Cola, Apple, Hewlett-Packard, Amazon, Google, Mattel, and Walt Disney, among others, all began as sole proprietorships in India as well as Flipkart and Snapdeal. If you are looking forward to creating a brand then it's high time to complete sole proprietorship registration online now!

FAQ's

Is registering for a sole proprietorship necessary?

What is the price in India to register a sole proprietorship?

Which documents are necessary for proprietorship registration?

Should they obtain a GST number?

When should a single proprietorship be established?

Is it preferable to launch a company as a single proprietorship?

Overview of Sole Proprietorship Registration on-line

A sole proprietorship company is owned and run by just one person. This form of business is one of the most popular ones to start in the unsystematic sector, especially among merchants and small dealers, because it can be established in just fifteen days. A sole proprietorship firm does not need to register because it is recognised by other registrations, such as GST and much more. However, it does not have perpetual existence and its obligation is unbounded.

Since the owner and the company are the same, a proprietorship cannot have other partners or shareholders. Furthermore, the proprietor's minimal liability from the business operations carried out under the sole proprietorship is unprotected. Therefore, small firms with no more than 5 employees are best served by this type of corporate entity.

The proprietorship business has a single owner, who is the sole proprietor. Therefore, a business will be started by opening a new bank account for it, and GST registration will be completed by using the proprietor's PAN and Aadhar. The business's assets and liabilities are entirely the owner's responsibility.

Advantages of Sole Proprietorship Registration

Reduced Compliance

Simple to begin

Saves money

Company Name

Complete Authority

Easy to Close

Checklist for Sole Proprietorship Registration

A certificate regarding the permission is usually issued by the local authorities adhering to the Shop and Establishment Act

The certificate of practice and other licence is provided by the institute of chartered accountants of India

The registration document is usually issued by the central government or state government

Banks may also accept the IEC (Importer Exporter Code) given to the private business by the DGFT office as identity when opening bank accounts, etc.

Complete income tax return (not just the acceptance) filed in the owner's name, showing all revenue earned by the business, officially certified and accepted by the income tax authorities,

Utility bills in the name of the proprietary enterprise, issue of GST registration/certificate, including energy, water, and landline phone bills.

The Sole Proprietorship Registration Process

Zolvit uses an easy sole proprietorship registration process that can be completed in just 5 steps.

Step 1: Applying for a PAN card
Applying for a PAN card is the first step in forming a single proprietorship business. Experts absolved can help you with the paperwork. and apply for a pan card on your behalf.
Step 2: Choose an appropriate name for your company
The next step is to maintain a name for the sole proprietorship business after getting a PAN card, or if the proprietor already has one.
Step 3: Choose the perfect service
Experts involved will help you to pick a proper Government registration unit to complete the process.
Step 4: Connect with the vendor
Subsequently, our team will connect you with an established vendor to book your application and update the status
Step 5: Receive the receipt for registration
Throughout the procedure, our team will keep you updated in most cases the procedure will be completed within 15 business days.
According to the state's Shops and Establishment Act, the owner must get the registration certificate for the business. If a sole proprietorship's annual revenue reaches ₹20 lakh, it must additionally register for GST. It is desirable for the sole proprietorship to register as a Small and Medium Enterprise (SME) under the MSME Act, even if it is not needed.

The Drawbacks of Being a Sole Proprietorship

Perpetual liability: The solitary proprietor is held completely liable. They bear full responsibility for whatever asic-FSSAI-registrationcommercial dealings he does. He will be responsible for paying for any losses out of his assets in full.

No succession: There is no everlasting succession, therefore if something happens to the individual running the firm alone, it might terminate. It can end abruptly. Due to this, the company becomes untrustworthy and finds it challenging to win the public's trust when engaging in agreements or contracts to grow the firm.

A challenge to raise money: It is difficult to raise financing since the company is run by a single individual. The lone proprietor's investments provide the firm with its funding. There is no distinct legal position for the single proprietorship business from the owner. It is challenging to raise money from outside sources since it can stop at any point and is not a distinct entity.