What is the Registration Process and Starting a Sole Proprietorship in India?

 What is the Registration Process and Starting a Sole Proprietorship in India?


Sole Proprietorship Registration is an ideal choice for a personal businessman, sole trader, or someone who does not want to get into the long process of forming a company. In addition, setting up a new company required a beginning investment in for of fees which is not the case with a sole proprietorship. Sole Proprietorship Registration is very easy. The first step begins with just opening a current account to make sure safe payments are in the proprietorship’s name. Therefore, creating a current account is think about to be the groundwork for beginning this type of business.




Sole Proprietorship Registration



Sole Proprietorship in India


One of the most ordinary structures of business in India. As per GOI, Sole Proprietorship is a single-person establishment where the individual manages and controls their business on their own. Accordingly, it is an affordable price as there are no fees to pay during the initiation of the process. After, the primary start is easy as there is no required registration. Accordingly, by leaving out the registration, we provide government obediently and managerial paperwork. If you have wanted to be your own business and not any shareholders or boss then you can register a proprietorship firm.


Few Another benefit of Starting a Sole Proprietorship Firm 


  1. The owner has overall supremacy and claims the ownership post. 
  2. Needed no minimum capital investment
  3. The profit simply to be the property of the proprietor
  4. The tax help turn away double taxation
  5. The owner is responsible only to file a yearly tax return and pay tax as a personal.
  6. No difference tax for the firm.

The document you need to provide Pan Card, Aadhar card, utility bills, Property Registration document.



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