PROPRIETORSHIP FIRM REGISTRATION

PROPRIETORSHIP FIRM

REGISTRATION

Keynotes on Proprietorship Firm Registration

  • It takes 10 to 15 days for Proprietorship Firm Registration
  • Completely online service – No physical presence required
  • No minimum capital requirement

 

Need Service ? Apply Now

Understanding Sole Proprietorship Registration
By NYAY SARTHI INDIA FILINGS

Key Features:
✓ Simplest business structure
✓ Single owner with unlimited liability
✓ No legal distinction between owner & business

Primary Benefits:
• Easy to establish (no formal registration required)
• Direct tax filing under owner’s PAN
• Complete control over operations

Common Use Cases:
✔ Freelancers/consultants
✔ Home-based businesses
✔ Small retail shops

Banking Requirement:
→ Needs GST registration (if applicable) for current account
→ Recommended to register under:

  • Shops & Establishment Act

  • MSME for added benefits

Our Registration Support Includes:
✔ Trade name registration
✔ GST/MCA filings
✔ Current account opening assistance

Start Your Business in 48 Hours!

What is known as sole proprietorship registration in India?

  • Simplified Sole Proprietorship Registration Process
    By NYAY SARTHI INDIA FILINGS

    1. Digital Registration Options

    A. MSME/Udyam Registration
    ✓ Benefits:

    • Priority sector lending

    • Tax subsidies

    • Easier government tenders
      ✓ Process: Online via Udyam portal

    B. Shop & Establishment Act
    • State-specific registration
    • Mandatory for physical businesses
    • Valid for 5 years (renewable)

    C. GST Registration
    ✓ Required if:

    • Turnover exceeds ₹40L/₹20L (goods/services)

    • Inter-state supply
      ✓ Enables input tax credit

    2. Banking Essentials
    • Open current account in business name
    • Documents needed:

    • PAN card

    • Address proof

    • Registration certificate

    Why Register?
    ✔ Legal business identity
    ✔ Easier loan approvals
    ✔ GST compliance (if applicable)

    Our Hassle-Free Services:
    ✓ End-to-end digital registration
    ✓ Bank account assistance
    ✓ Compliance advisory

    Start Your Business in 3 Days!

Aspects of Sole Proprietorship firm registration

Key Characteristics of Sole Proprietorship
By NYAY SARTHI INDIA FILINGS

1. Financial Structure
✓ Funding: Personal capital or loans
✓ Profit Retention: 100% owner entitlement
⚠ Liability: Unlimited (personal assets at risk)

2. Ownership & Control
• Single decision-maker
• Complete operational autonomy
• Business continuity tied to owner

3. Legal Status
✓ No separate legal identity
✓ Minimal regulatory compliance
✓ Easy dissolution process

Advantages vs. Risks

ProsCons
Quick setupPersonal liability
Full profit retentionLimited growth capital
Direct tax benefitsBusiness continuity risks

Ideal For:
✔ Micro-enterprises
✔ Freelancers/consultants
✔ Trial business ventures

Our Registration Package Includes:
✔ MSME/GST registration
✔ Current account assistance
✔ Compliance checklist

Needs after the registration of Sole Proprietorship Business

  • Essential Compliance for Sole Proprietors
    By NYAY SARTHI INDIA FILINGS

    1. GST Registration Must-Dos
    ✓ Register if turnover exceeds ₹40L/₹20L (goods/services)
    ✓ Select correct HSN/SAC codes
    ✓ File returns monthly/quarterly via GST portal

    2. MSME Benefits
    • Register on Udyam portal for:

    • Collateral-free loans

    • 50% subsidy on patent fees

    • Tax rebates

    3. Tax Management
    ✓ Report all business income under “Profits & Gains” in ITR
    ✓ Maintain separate books of accounts

    Our Compliance Services:
    ✔ GST registration & return filing
    ✔ MSME certification
    ✔ Tax planning advisory

    Avoid Penalties!
    Get expert guidance for:
    → GST invoice compliance
    → Input tax credit claims
    → Annual ITR filing

Process of Proprietorship Company Registration

Simplified Sole Proprietorship Registration Process
By NYAY SARTHI INDIA FILINGS

4-Step Registration Flow

  1. Select Registration Type
    ✓ GST | MSME | Shop Act
    ✓ Our experts guide optimal choice

  2. Document Submission
    • Upload via secure portal:

  • PAN/Aadhaar

  • Address proof

  • Bank details

  1. Payment & Processing
    ✓ Transparent pricing (₹999 onwards)
    ✓ Real-time application tracking

  2. Certificate Delivery
    • E-certificate via email in 3-5 days
    • Physical copy by courier (optional)

Why 10,000+ Entrepreneurs Chose Us?
✔ 100% digital process
✔ 24-hour document verification
✔ Lifetime compliance alerts

Documents necessary for Sole Proprietorship Registration

Sole Proprietorship Registration Essentials
By NYAY SARTHI INDIA FILINGS

Basic Document Checklist:

  1. Identity Proof
    ✓ PAN Card (mandatory)
    ✓ Aadhaar Card

  2. Address Proof (for business)
    • Electricity bill (≤2 months old)
    • Rent agreement + NOC (if rented)

  3. Banking Requirement
    ✓ Cancelled cheque
    ✓ Personal account statement

Note: No formal registration required unless:
→ Applying for GST (threshold: ₹40L/₹20L)
→ Seeking MSME benefits

Our Quick Registration Services:
✔ GST/Udyam registration in 24 hours
✔ Current account opening support
✔ Free compliance guide