Welcome to Registration Kart

english
Register Your Sole Proprietorship
Hassle free in 3 days
Starting From ₹ 999

Our Packages

GST Registration

₹ 9,99

  • GST Registration of Proprietorship Concern

Import Export Code

₹ 2,999

  • IEC Code for Proprietorship Concerns

Delhi Shop Act Registration + MSME

₹ 1,999

  • Shop & Establishment Act + MSME for Sole Proprietorship Concerns

Download Proprietorship Quotation or Request a Call Back

What is Proprietorship Registration?

A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. A sole proprietorship, also known as the sole trader or simply a proprietorship, is a type of business entity that is owned and run by one individual and in which there is no legal distinction between the owner and the business. Since the proprietorship is itself not distinguishable from its owner hence there is no registration or approval is required to start a proprietorship business.

Documents Required for Proprietorship Registration

Steps/Process

20%

Please provide us the required documents to initiate the process

Proprietorships do not have a process of incorporation. Therefore, our Business Advisors will advice you on the way the identity of the Proprietorsihp business can be established through other Government registrations.

MSME + Shop Act Registration

The identity of a Proprietorship can be established through GST Registration (if applicable) mentioning the business name. GST registration takes 3 to 5 days, subject to Government processing time.

The identity of a Proprietorship can be established through IEC Registration (if applicable) mentioning the business name. IEC Registration takes 3 to 5 days, subject to Government processing time.

We will help you in opening a Current Account in your choice of bank after the registration

Frequently Asked Questions

Only one person is required to start a Proprietorship and a Proprietorship can have only one promoter.

PAN

Address Proof ( Voter ID, Passport, DL or Aadhar)

Electricity bill + Rent agreement where you want to run your business

Registration Kart has tied up with various banks. We will guide you through the process and help you open a bank account.
Proprietorship firms do not have a Certificate of Incorporation or Certificate of Registration. The identity and legitimacy of a Proprietorship firm is established by registering with the various Government authorities.
Proprietorship firms are business entity that are owned, managed and controlled by one person. So Partners cannot be inducted into a Proprietorship firm.
Proprietorship will have to file their annual tax return with the Income Tax Department. Other tax filings like service tax filing or VAT/CST filign= may be necessary from time to time, based on the business activity performed. However, annual report or accounts need not be filed with the Ministry or Corporate Affairs, which is required for Limited Liability Partnerships and Companies..
Registration Kart will understand your business requirements and help you start a Proprietorship by obtaining the relevant registrations. We will help obtain the necessary registrations to help the Proprietor open a bank account in the name of the business, thereby proving an identity for the business.
You need to be a Citizen and Resident of India having PAN Card and Valid Address Proof(Voter ID, Passport, Driving License or Aadhar)
There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
No, the Proprietorship firm and the Proprietor are one and the same. The PAN Card of the Proprietor will be the PAN Card of the Proprietorship business and There will be no separate legal identity for the business. The assets and liabilities of the Proprietorship business and the Proprietor will also be one and the same.
A business operated by proprietorship firm cannot be transferred to another person, Intangible assets like Government approvals, registrations, etc., cannot be transferred to another person because PAN can not be changed.
Proprietorship firms are business entity that are owned, managed and controlled by one person. So Proprietorship firms cannot issue shares or have investors.
It is not necessary for Proprietorships to prepare audited financial statements each year. However, a tax audit may be necessary based on turnover and other criterion.
Yes, there are procedures for converting your Proprietorship business into a Company or a LLP at a later date. However, the procedures to convert a proprietorship business into a Company or LLP expensive and time-consuming, PAN and all Relevant registration will be applied again and hence it is wise for many entrepreneurs to consider and start a LLP or Company instead of a Proprietorship.

Need more information?