Proprietorship Firm Registration

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Proprietorship Firm Registration


Proprietorship Firm Registration is the most common form of the business. A Proprietorship Firm is a One Person Firm which is owned, managed and controlled by one person who has the full responsibility and authority with respect to the business. Sole Proprietorship Firm Registration is an unregistered firm which means this firm is not registered on MCA. Online Sole Proprietorship Firm Registration main aim is to Open a Current Bank Account on the Name of Firm (business). Basically, it is a simply firm which is easy to operate as well as very cost effective. To Open a Sole Proprietorship Firm in India requires minimum 2 Legal Entity Proof for open a Current Bank Account on the name of Business..

Proprietorship Firm Registration

Documents Required for Proprietorship Firm Registration

Aadhaar Card (Proprietor / Partner / Director)

PAN Card (Proprietor / Partnership Firm / Company)

Electricity Bill / GAS Bill / Telephone Bill / Sell Deed

Rent Agreement (If Office is Rented)

Proprietor Photo

Bank Statement / Cancelled Cheque

Detail Required For Proprietorship Firm Registration

Firm name

Proprietor name

Firm address with pin code

Email id

Mobile number

Top 5 products / Top 5 services name

Number of employ

Investment of Machinery

Procedure for Proprietorship Firm Registration

  • After receiving the documents from you, we will do the following procedure.
  • Preparation of Documents
  • Apply proprietorship registration on government portal on the behalf of you.
  • Waiting for approval
  • After registering your Proprietorship Firm we will send you Proprietorship Firm Certificate

How can we help with Sole proprietorship Firm Registration Online

Udyogaadhaargov.in can help you to register a Proprietorship firm Online in 3 to 4 days.

Free Consultation

If you have any questions or queries regarding Proprietorship Firm. Request a call from an Udyogaadhaargov.in an advisor or email us.

Startup Consultation

Proprietorships business does not have a particular process for the register. Hence, our Business consultant can advise you on the way the best way for incorporation the identity of the Proprietorship Firm and opening a bank account on the name of business.

Tax Registration

The Proprietorship Business can be registered through Tax Registrations like TAN or VAT registration or Service Tax registration of GST registration in the name of the proprietor. Hence, established on the type of business, the relevant tax registration is acquired for the business.

Udyog Aadhaar

Udyog Aadhaar Registration is for all micro, small and medium-sized businesses enterprises. Udyog Aadhaar Registration or MSME Registration along with a tax registration can be used for the opening of the current bank account in the name of the firm. Hence, Udyog Aadhaar registration is required for the business.

Advantages of Online Sole Proprietorship Firm Registration

Ease of formation

Starting a Sole Proprietorship Firm is very less complicated and cheaper than starting another form of business entity. Some states permit sole proprietorships to be registered without the double taxation standards applicable to most corporations. The proprietorship firm can be named after the owner, or a fictitious name can be used to enhance the business’ marketing.

Easy to Start

Proprietorship Firm Requires only a few registrations. Hence, it is one of the simplest forms of the business entity to start. A Sole Proprietorship Registration could take maximum 15days to start if all they need is a Service Tax Registration, but this would stretch to even 45 days if you need Sales Tax Registration.

Business Name

As we know the name of a proprietorship is not registered in an MCA portal, so a proprietorship can choose to have any name – till such time as it does not contravene on a registered trademark. Conversely, since the name of Business is not registered, so other people can also use the same business name unless the Trademark Registration is obtained.

Lower Taxes

A proprietorship business with less than Rs. 5 lakh of income is not needed to pay any income tax, as the proprietorship’s are taxed at the individual owing the business. Whether in a like company or LLP, a proprietorship cannot have some of the tax deductions, which may possibly increase the tax liability.

Single Promoter

A Proprietorship Firm is the only type of business form which can be registered and be operated by only one person. All one required to register a one person company, is a nominee and Director, while for all other types of business entities like a company or LLP or a partnership firm, two or more promoters are mandatory.

Easy to close

In a Proprietorship Firm Registration only one person owned and managed the whole business for all the legal requirement and purpose because in a Proprietorship Firm the proprietor and the proprietorship are one and the same person. Hence, there is no formality required for closing or in winding up a Proprietorship Firm. To close a proprietorship, there is only a requirement for the cancellation of the tax registrations which is obtained in the name of the proprietor.

Frequently Asked Questions (FAQs)

How do I register a proprietorship firm?
For registering your Proprietorship firm online contact udyogaadhaargov.in we are expert in registering Proprietorship firm online in India.
Who is eligible for registering sole proprietorship Firm online in India?
Only Indian are eligible for Registering sole proprietorship, whereas NRI’s and PIO can invest only after getting approval from Indian government.
Is there any limited liability protection in sole proprietorship Firm in Indai?
NO, there is no limited liability protection in Sole Proprietorship Firm Registration in India.
How many members are required to register a proprietorship firm?
For registering proprietorship firm online there is only one person is required.
What is the benefits regarding tax?
A Sole proprietorship required lower taxes. A proprietorship firm which having less than 3 LAKHS annual income is free to pay taxes.