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Proprietorship Firm Registration

Are you looking for Proprietorship Firm Registration Consultant in Ahmedabad? Legal Adda is Best Consultant for Proprietor Firm Registration 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

Are you Looking for Proprietor Firm Registration Consultant?

Proprietorship Firm Registration Consultant

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.

Are you want to start Business with small level of investments? Proprietorship Firm Registration is best way to start. Consult us now

Features & Benefits of Proprietorship Firm Registration

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

Some Registration are Mandatory, where some license are based on applicability.

GST Registration – Required If Turnover of Firm crosses the Rs. 20 Lacs Limit in Financial Year.

TDS Registration – If Firm Required Audit as per Income Tax.

PF Registration – If Proprietor ship firm have more than 20 Employees.

ESIC Registration – If Organization have more than 10 Employees.

Import Export Code/License – If Proprietor Wants to do Import Export Business.

Professional Tax Registration – Mandatory for Each Business (Depend on State and Municipal Corporation Policy)

Shop Establishment (Gumasta) – Mandatory for Each Business (Depend on State and Municipal Corporation Policy)

Food License (FSSAI) – If Proprietor Firm Engaged in food business.

SEBI License – For Brokerage Firm, Advisor Etc.

MSME – Optional Can be Obtained.

Proprietorship Firm Registration Consultant Near you

How to Register Proprietorship Firm in India?

  • 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.

FAQ's on Proprietorship Firm Registration

Most frequent questions and answers on Registration of Proprietor Business

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

Yes, You Can Start Multiple Business with Different Trade Name in Different Proprietorship of Single Person. There is no restriction on number of proprietorship registration.

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

GST Registration – If Turnover is cross the Rs. 20 Lacs Limit

TDS Registration – If Firm Required Audit as per Income Tax.

PF Registration – If Proprietor ship firm have more than 20 Employees.

ESIC Registration – If Organization have more than 10 Employees.

Import Export Code/License – If Proprietor Wants to do Import Export Business.

Professional Tax Registration – Mandatory for Each Business

Shop Establishment (Gumasta) – Mandatory for Each Business

Food License (FSSAI) – If Proprietor Firm Engaged in food business.

SEBI License – For Brokerage Firm, Advisor Etc.

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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