GST registration
Get your GSTIN so you can charge GST, claim input credit and file returns.
Proprietorship setup
Start a sole proprietorship with the right registrations and a business bank account.
About Proprietorship setup
A sole proprietorship is the simplest way to run a business: one individual owns it and is fully responsible for it. There is no separate law that incorporates a proprietorship, and the business has no legal existence apart from the owner. Its identity comes from the owner's PAN and the registrations it holds, such as GST, Udyam, shop establishment and a current account.
It is quick and cheap to start, and the owner keeps all profit, which is taxed in the owner's own return. The owner's liability is unlimited, so personal assets can be used to meet business debts.
Who needs it
- Individuals starting a small shop, trading or service business
- Freelancers and consultants
- Existing business owners who have not yet formalised their set up
Documents required
Owner
- PAN card
- Aadhaar card
- Passport-size photographs
- Mobile number and email ID
Business
- Proof of business address: rent agreement with owner's NOC and utility bill, or own property document
- Name of the business (trade name) and nature of activity
- Bank statement or cancelled cheque if an account already exists
Registrations we usually set up
- GST registration, if required or wanted
- Udyam (MSME) registration
- Shop and establishment registration and trade licence, where applicable
- Current account in the business name
Exact requirements can vary with your case and the authority. We confirm the final list when you contact us, so you collect everything once.
How we do it
- Plan the set upWe decide the trade name, which registrations you need and in what order.
- Collect documentsYou share the owner and address documents.
- RegistrationsWe apply for GST, Udyam, shop establishment and any local licence, and help open the current account.
- Start-up complianceWe explain bookkeeping, invoicing, advance tax and the yearly return so you start clean.
Time it takes
Most set ups are done in 1 to 2 weeks, depending on which registrations you need and how fast documents are ready.
Frequently asked questions
Is there a registration certificate for a proprietorship?
Not under one single law. Proof of existence is usually the GST certificate, Udyam certificate, shop establishment certificate and current account in the business name.
Can I convert it into a company or LLP later?
Yes. Many owners start as proprietors and move to an LLP or private limited company as the business grows.
How is a proprietor taxed?
The profit is added to the owner's income and taxed at the owner's slab rates in the same return.
Related services
Partnership firm registration
Draft the partnership deed and register your firm with the Registrar of Firms.
LLP registration
Incorporate a Limited Liability Partnership with limited liability and a flexible structure.