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Individual Proprietorship Business Registration

Individual Proprietorship Business Registration is Simplest Way to Start Small Business in India.

Primary Requirement for Starting Proprietorship is PAN Card of Person & Shop Act License.

Basic Need for Proprietorship Registration is Bank Account in the Name of Business

Free Consultation for Starting Proprietorship Business

How to Start Proprietorship in India

First Question in our mind when we think of doing business is Process of Individual Proprietorship Business Registration to start proprietorship Business in India. Simplest way to Start Business in India is to start proprietorship. Proprietorship Business Runs with Individual Name and Does not require any separate Business entity registration. PAN of Individual is sufficient for Proprietorship. However, Depend on Business Activity Proprietor is Required to Obtain certain Business License and Tax Registration Number.

Features & Benefits of Proprietorship

  • Almost Zero Formation Cost
  • Easy Obtainable Documents for Proprietor
  • Individual Person can start small business with low investment
  • Cheaper Compliance Management Cost
  • Easy Closure of Business
  • Specific License Required ; No GST Upto 40 Lakhs Turnover

Steps of Proprietorship Business Registration

  • Obtain PAN from Income Tax Department

    Primary Requirement for Starting Business is Obtaining PAN, For Proprietorship Business PAN of Individual is PAN of Business. Thus NO Separate PAN Required for Proprietorship Business.

  • Obtain Required License & Registration

    Secondly, Apply for applicable license and registration. Example shop act license, GST registration or specific business related license drug license, food license etc

  • Open Business Current Account with Bank

    Once all registration completes then you can start business activity. Thus, Bank Account required for receiving fund and for payment. Banker will open current account in the name of business.

  • Maintain Records & File Return

    Lastly, All the transaction must be recorded with sufficient evidence. Therefore Books of account must be maintained time to time. also proprietor must file all the applicable tax returns.

Frequently Asked Questions on Proprietorship Business

No, PAN of Proprietor is consider as Proprietorship Business PAN Number. NO Separate PAN is Required.

Yes You Can Start Multiple Business with Different Trade Name in Different Proprietorship of Single Person. NO Separate PAN is required for Proprietorship Business.

All the License and Registration as per need can be obtain by Proprietor.

GST Registration

TDS Registration

PF Registration

ESIC Registration

Import Export Code/License

Professional Tax Registration

Food License (FSSAI)

Depends on Banks Internal Policy. Mostly, documents are 

  1. Photo of Proprietor
  2. Business Seal
  3. PAN Card of Proprietor
  4. Any Government Registration Proof of Business (if Any Like GST, MSME, TAN, etc)
  5. if Government proof is Not Available, CA Certificate of Business may be used in some banks.
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