Proprietorship Business Registration - India

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Business Registration | Proprietorship - India
capibizO Proprietorship

Single & Simple

Sole proprietorship is the most common type of business in India.

What is Proprietorship?

The Sole proprietorship is simple to start and have minimal regulatory compliance requirements for operating. Most of the micro and small businesses in the unorganised sectors operates on this model.

This entity is ideal for entrepreneurs who are getting into business for the first time and small businesses with few clients. An individual proprietor owns and manages the business and his PAN and other documents are the basic documents for obtaining all other business registrations and licenses. In case of any issues of liability in the business, the proprietor is held personally liable for it.

He can use a trading name or business name which is other than his legal name.

Choose the best package that fits you:

  • Standard
  • Classic
  • Premium
Standard Package include:
  • Proprietorship registration
  • GST registration
  • MSME registration
  • Free Limited offer -  Accounting Software*
  • Business bank account opening. All inclusive of government fees

Fee: Rs. 2974/-*

Classic Package include:
  • Proprietorship registration
  • GST registration
  • MSME registration
  • 3 months GST filing
  • Free Limited offer -  Accounting Software*
  • Business bank account opening. All inclusive of government fees

Fee: Rs. 5974/-*

Premium Package include:
  • Proprietorship registration
  • GST registration
  • MSME registration
  • 3 months GST filing
  • Trade Mark Registration
  • Free Limited offer -  Accounting Software*
  • Business bank account opening. All inclusive of government fees

Fee: Rs. 10,974/-*

  1. Free offer is subject to limited as per the terms and conditions of our associated partner
  2. Business Current Account is subject to terms and conditions of our associated bank.

*Terms & Conditions Apply. Tax as applicable.

Advantages
  • Easy Setup (Can start business and receive payment as no registration required)
  • Easy Compliance (PAN card of the proprietor is fine and file just income tax every year )
  • Easy Dissolution (With no registration he can cease his business operations any time.)
Disadvantages
  • No Transferability (Any license or registration cannot be transferred to any other person or entity)
  • Liability (The proprietor held responsible for any loss or profit)
  • Fundraising (No fund raising from angel investors, venture capital firms )
  • Lifespan (Cease to exist with the proprietor)

Pay for what you want?

Standard

inclusive of Govt. fees
₹3974
2974 + GST
  • Proprietorship Registration
  • GST Registration
  • MSME Registration
  • Bank Account

Classic

inclusive of Govt. fees
₹6974
5974 + GST
  • Proprietorship Registration
  • GST Registration
  • MSME Registration
  • Bank Account
  • 3 Months GST Filing
Popular

Premium

inclusive of Govt. fees
₹12974
10,974 + GST
  • Proprietorship Registration
  • GST Registration
  • MSME Registration
  • Bank Account
  • 3 Months GST Filing
  • Trademark Registration

Various Registrations:

MSME Registration

Udyog Aadhaar registration can be obtained in the name of the business to establish that the sole proprietorship is registered with the Ministry of Micro, Small and Medium Enterprises (MSME).

GST Registration

GST registration must be obtained if the proprietor is selling goods or services. It is mandate for service providers having annual revenue above Rs.20 lakhs and for traders above Rs.40 lakhs.

TAN Registration

TAN registration must be obtained for the proprietor from the income tax department if the proprietor is making salary payments wherein TDS deduction is required.

Import Export Code

Import Export Code or IE code can be obtained from the DGFT in the name of the business – in case of a proprietorship business undertaking export and/or import of goods into India.

FSSAI Registration

Sale of food products or handling of food products, FSSAI registration must be obtained from the Food Safety and Standard Authority of India in the name of the proprietor.

Current Bank Account

A current account can be opened for a sole proprietorship through various banks in India. We assist you to get zero-balance current accounts.

Each proprietorship differs in terms of the functions, clientele and the mode of operations. Hence, a couple of the registrations mentioned above can be obtained.

Documents Required:

  • Identity Proof : PAN card of the Proprietor (if not available, we can help)
  • Address Proof : Passport / Drivers License / Election ID / Ration Card / Aadhar ID
  • Proof of Residence: Bank Statement / Electricity Bill / Phone Bill / Gas Bill not older than two months.

You may also consider:

capibizO is helping people to start and manage their business, at an affordable cost. We help the entrepreneur on the legal and regulatory requirements, and be a their business consultant throughout their success journey. 

We offer branding, marketing, and business consultancy services. capibizO is one of the leading ISO consultancy offering its services across the globe. 

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