Proprietorship Firm Registration
Get your Proprietorship Firm Registration With Financial Chartered
- For Individuals
- Get GST and MSME Registration
- Simple and Secure Online Process
- Dedicated Professional
- Hassle Free Process
- Get your work done in 3-4 days
Need Help with Proprietorship Firm Registration?
Fill Up the below Mentioned Form
Introduction to Sole Proprietorship Businesses
A sole proprietorship, also referred to as a sole trader or individual entrepreneurship, represents an enterprise owned and managed by a single individual where there exists no legal distinction between the owner and the business entity.
It stands as the most straightforward business form wherein an individual is solely responsible for the business and its debts. The government does not mandate any specific provision for the registration of a sole proprietorship firm.
Financial Chartered offers a comprehensive array of services under one roof, catering to all necessary registrations and guiding through various compliances. Reach out to our team at 8890077750 or email us at financialchartered.com@gmail.com for assistance with Sole Proprietorship registration.
Types of Registrations for Proprietorship Firms
There exist several registration options like GST Registrations, Shop Act License, MSME, etc., enabling the establishment of a firm. The selection of a trade name holds no specific legal constraints and can be any name of choice, further protected through trademark registration. The various registration avenues include:
Goods and Services Tax (GST) Registration:
Applicable for suppliers of goods and services mandated to register under the Goods and Services Act. Voluntary registration is also feasible to avail benefits such as tax credit on inputs.
Shop and Establishment Act Registration:
State-granted trade license with diverse rules and regulations across states, essential for proprietors operating from a business premises.
Micro, Small, and Medium Enterprises (MSME) Registration:
Facilitated through Udhyog Aadhaar, providing various benefits for businesses registered under MSME.
Food Safety and Standards Authority of India (FSSAI) Registration:
Compulsory for all food business operators involved in food product manufacturing, processing, storage, distribution, and sale.
Import Export Code (IEC) Registration:
Essential for businesses engaged in import/export activities, issuing a unique 10-digit code by the Directorate General of Foreign Trade.
Advantages of Proprietorship Registration
Simplified initiation for proprietors with minimal legal requirements, allowing easy commencement under a chosen trade name without mandatory approval.
Confidentiality in financial reports, unlike public disclosures mandated for other business forms like Companies or Limited Liability Partnerships.
No compulsory annual audit, reducing the audit obligation unless dictated by business nature or turnover thresholds.
Sole decision-making authority, ensuring streamlined operations without conflicts in decision-making.
Lower compliance and registration costs compared to other business structures, owing to the absence of stringent regulatory requirements.
Required Documentation
Pan Card
Aadhaar card/Voter ID card
Proprietor's photograph
Bank statement/cancelled cheque
Address proof (Owned: Electricity bill; Rented: Electricity bill and Rent/lease agreement)
Registration Process for Proprietorship Firm
Complete the questionnaire provided by our team.
Submit all necessary documents based on your business category.
We will proceed with the registration process of your choice.
Upon successful registration, we will furnish the Registration Certificate to you.
