Sole Proprietorship
Start a sole business immediately. We assist in acquiring mandatory registrations like GST certificates, MSME Udyam, and shop license codes.
Overview of Sole Proprietorship
A Sole Proprietorship is the simplest and most common business structure chosen by micro-merchants, freelancers, and individual shop owners. Under this model, there is no legal distinction between the owner and the business entity. Unlike corporations, it does not require formal MCA incorporation. Instead, a proprietorship is established by acquiring registration certificates in the firm's name, such as GST registry, MSME Udyam, or local Shop & Establishment licenses, which allow the owner to open corporate bank accounts.
Why Choose a Sole Proprietorship?
- Minimal Compliance Overhead: No mandatory annual board meetings, complex filings, or expensive corporate audits.
- Absolute Control: The single proprietor makes all administrative, financial, and operational decisions instantly.
- Fastest Setup: Can be set up in 2 to 4 working days, making it the fastest way to invoice corporate clients.
How We Establish Your Proprietorship
Step 1: Acquire MSME Udyam Registration
We register your firm under the micro-enterprise scheme (Udyam portal), unlocking priority bank lending benefits and legal support.
Step 2: Obtain GST Registration
We file for GST registration, providing you with a statutory tax number to conduct inter-state trade and collect taxes.
Step 3: Shop & Establishment License (If applicable)
If running a physical commercial outlet or office, we register your shop under the state's local labor department codes.
Step 4: Bank Account Documentation
We compile your registration certificates and draft the mandatory documents required by banks to open a corporate current account.
Required Documents
- PAN card and Aadhaar card of the proprietor
- Electricity Bill / Landline Bill of the business location
- Rent agreement / NOC signed by premises owner