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sole proprietor Registrataion

Start sole proprietor Registration

Obtain your sole proprietor Registration Number Online at INR 1550/- only.

Apply for sole proprietor registration online with BBR FinTax Solutions

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sole proprietor Registrataion

What is Sole Proprietorship Registration?

A sole proprietorship is the simplest form of business in India, owned and managed by a single individual. Registration is not legally mandatory, but certain registrations (like GST, PAN, or Shop & Establishment) are required to operate legally and access banking, taxation, or credit facilities.

Sole Proprietorship Concept Image

Who Can Start a Sole Proprietorship?

Any individual citizen of India (NRIs and foreign nationals can operate with restrictions).

No minimum capital is required to start.

Suitable for small businesses, freelancers, consultants, and traders.

Documents Required

The documents vary based on the type of registration you want under your proprietorship:

  • PAN card of the proprietor
  • Identity proof (Aadhaar, Passport, Voter ID)
  • Address proof (Utility bill, Aadhaar, Passport)
  • PAN card of proprietor
  • Proof of business address (rent agreement, electricity bill)
  • Bank account details
  • Identity proof of proprietor
  • Proof of business address (rent agreement, electricity bill)
  • Identity proof of proprietor
  • Business name or trade name
  • PF (if employees ≥ 20)
  • ESI (if employees ≥ 10 and wages ≤ ₹21,000)
  • Trademark (if you want to protect brand name)

Steps to Register a Sole Proprietorship

1

Choose a Business Name

Decide a unique trade name for your business.

2

Apply for PAN

Essential for taxation and opening a bank account.

3

Open a Current Bank Account

Bank account in the name of the business using PAN.

4

GST Registration

Mandatory if turnover exceeds threshold or for inter-state trade.

5

Shop & Establishment License

Register with local municipal authority (state-specific).

6

Other Optional Registrations

PF, ESI, or trademark as per business requirements.

Benefits of Sole Proprietorship

Simple & Inexpensive

Easy and cheap to set up.

Full Control

All decisions by the proprietor.

Minimum Compliance

Less legal formalities.

Easy to Close

Simple to dissolve the business.

Personal Income Tax

No separate corporate tax.

Important Note: Unlike companies or LLPs, a sole proprietorship has no separate legal entity, so the owner is **personally liable for all debts** and obligations.