Proprietorship Firm Registration Cost – ₹ 2,299/- (Free GST & MSME Registration)
Fill the below details to Get Free Quote
- Start Your Startup Business as Sole Proprietor in Just 1 – 2 days.
Step 1: Fill up the Contact Form
Step 2: Our Expert will Get in Touch with You
Step 3: Our Expert will Ask for KYC Documents
Step 4: Our Expert will Process Your Shop Act License and Udyog Aadhar
Step 5: Our Expert will send you Shop Act License and Udyog Aadhar Registration Certificates
Documents Required For Sole Proprietorship Registration
- Passport Size Colour Photograph
- Colour Scan Copy of PAN Card – Self Attested
- Colour Scan Copy of Aadhar Card – Self Attested
- For Registered Office Address Proof – Any One Self Attested
(Latest Electricity Bill / Latest Telephone Bill / Latest Gas Bill)
Checklist for Sole Proprietorship Registration
For Registering the Proprietorship in India following Checklist needs to be followed
Single Owner: A Proprietorship Firm must have only One Single Owner
Minimum Capital Contribution: There is no prescribed minimum capital amount for a registration. However it is advisable to keep a minimum amount for current account opening. A Firm can have an Capital of at least Rs. 5,000 or less.
Why Proprietorship ?
Inexpensive: Partnership Firm Formation is relatively inexpensive
Minimal Compliances: Proprietorship Firm has to follow Minimum Compliance’s Like Filing of Income Tax Return only
Easy to Set Up: Proprietorship Firm is easy to setup. It Can Hardly Take 1 Day to Setup Your Business Entity as Proprietorship
Owning property: A Proprietorship Firm can acquire, own and dispose off, property in its own name.
No Restriction For Business Name: A Proprietorship Firm is free to choose any name for Business
FAQ on Proprietorship Firms
Below mentioned are the requirements to register a Sole Proprietorship
- One Single Owner
- A Place where business needs to be registered must be provided
- KYC Documents of Proprietor of Firm
On an average, Proprietorship Firm are Formed by Intella Legals in 1 to 2 days. The time would vary on a case to case basis, based on the time taken by You to submit the necessary documents.
No. There is no requirement for minimum capital to Form Proprietorship .
Capital Contribution means the minimum amount which Proprietor of Proprietorship decides to deposit in Firm Bank Account.
Yes, You can Register at a commercial or a residential place by providing necessary proof like Electricity Bill / GAS Bill / Telephone Bill .
A Registered office is a place where communication, if any, from Government Department and other concerned authorities, can be received.
Yes, You can be a Proprietor of a Firm even if you are already working. However, you must check that your employment agreement do not contain any restrictions for you to become a Proprietor of any Firm
Digital signature is just like your hand signature in electronic form. It is used in submitting necessary filings with Government Authorities
For Proprietorship Formation we require Photo, PAN, Aadhar Card of Proprietor, and we also require Electricity Bill / Gas Bill / Telephone Bill for Registered Office Proof
Once Firm is Formed, it must fulfill following requirements on priority:
- Open a Bank account of the Firm
- Deposit Minimum Capital for Business Current Account as required by Bank for Account Opening
The whole process of Proprietorship Firm Formation is online. So, Proprietor is not required to go anywhere to Form Proprietorship. You are required to send in your documents via email and fill up your Contact details to get it done.
The Liability of Sole Proprietor is Unlimited towards it Proprietorship debts and Creditors.
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