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Proprietorship Firm Registration

Are you searching for a Proprietorship Firm Registration Consultant in Ahmedabad, Gujarat? Legal Adda is the best consultant for Proprietor Firm Registration in India. The primary requirements for starting a proprietorship include the person’s PAN Card and a Business Registration Proof (e.g., MSME or Shop Act License or GST, etc.). The basic need for proprietorship registration is a bank account in the name of the business. If you are planning to start business with Individual Ownership, Connect with us for Proprietorship Registration.

Looking for Individual Proprietorship Registration?

Proprietorship Firm Registration Consultant

The first question that naturally comes to mind when we think of starting a business is the process of Individual Proprietorship Business Registration in India. The simplest way to start a business in India is to establish a proprietorship. A proprietorship business operates under the individual’s name and does not require any separate business entity registration. The PAN of the individual is sufficient for proprietorship. However, depending on the business activity, the proprietor is required to obtain certain business licenses and tax registration numbers.

Are you looking to start a business with a small level of investment? Proprietorship Firm Registration is the best way to start. Consult with us now for assistance in Proprietorship Business Registration, Get Individual-Owned Business consulting services.

Features & Benefits of Proprietorship Firm Registration

Main Benefits of Sole Proprietorship Business are as

  1. Low Cost Business Registration
  2. Single Person Can Start
  3. Compliances Burden is low
  4. Easy Business Closure Process
  5. Easy Taxation

What are the Registration and License required by New Proprietorship Firm?

Proprietorship businesses require various registrations and licenses based on their business activities:

  1. GST Registration: Required if the firm’s turnover crosses Rs. 20 lakhs in a financial year.
  2. TDS Registration: Necessary if the firm requires an audit as per Income Tax regulations.
  3. PF Registration: Mandatory if the proprietorship firm has more than 20 employees.
  4. ESIC Registration: Required if the organization employs more than 10 individuals.
  5. Import Export Code/License: Needed for proprietors involved in import-export business.
  6. Professional Tax Registration: Mandatory for each business, depending on the policies of the state and municipal corporation.
  7. Shop Establishment (Gumasta): Mandatory for each business, based on state and municipal corporation policies.
  8. Food License (FSSAI): Essential for proprietor firms engaged in the food business.
  9. SEBI License: Necessary for brokerage firms, advisors, etc.
  10. MSME Registration: Optional but can be obtained for certain benefits.

Proprietorship Business Registration Document Requirement

For Opening of Sole Proprietorship Business Current Account in Bank, Following Documents required

  1. PAN Card of Proprietor
  2. Aadhar Card of Proprietor
  3. Passport Size Photo
  4. Mobile Number and Email Id
  5. Electricity Bill or Tax Bill of Business Place (Rent Agreement – if Rented)
Documents Required for Proprietorship Registration

Proprietorship Firm Registration Consultant Near You

We Provide Individually Owned Business Registration Consultancy Across India, Our Package of Rs. 4500/- Includes Followings

  1. MSME Registration
  2. Business Bank Account
  3. GST Registration
Get Proposal for Proprietorship Registration - Download Quotation
Proprietorship Business Registration Consultant
Process of Starting Proprietorship Business
Step 1: Send Us Documents

Make Inquiry and Send us required documents for proprietorship registration purpose.

Step 2: Business Registration

We will make necessary business registration.

Get Ready: Bank Account of Firm

You can start business activity, We will provide you bank account of the firm name.

What are the Documents Required for Proprietorship Business Bank Account Opening?

For Opening of Sole Proprietorship Business Current Account in Bank, Following Documents required

  1. PAN Card of Proprietor
  2. Aadhar Card of Proprietor
  3. Passport Size Photo
  4. Any One Business Registration Proof – MSME Registration or IEC Code or GST Certificate or Shop Establishment etc
FAQ's on Proprietorship Firm Registration

No, the PAN card of the proprietor/owner is considered as the PAN number for the proprietorship business. No separate PAN card is required.

Yes, you can start multiple businesses with different trade names under different proprietorships of a single person. There is no restriction on the number of proprietorship registrations.