Quick Answer
3 min read|Updated: Mar 20, 2026
SOLE PROPRIETORSHIP is easiest form of business done in India, since it's not governed with by any specific laws. Under sole proprietorship’s, the compliance’s are minimal and easy to fulfill.
SOLE PROPRIETORSHIP is easiest form of business done in India, since it’s not governed with by any specific laws. Under sole proprietorship’s, the compliance’s are minimal and easy to fulfill.
For registering SOLE PROPRIETORSHIP you will need documents that are required such as:-
- AADHAR CARD
- PAN CARD
- BANK ACCOUNT
- REGISTERED OFFICE PROOF
Although, the sole proprietor does Not require any specific registrations, he is advised to obtain things that make his functions go on smoothly.
- REGISTERING AS SMSE
- SHOP AND ESTABLISHMENT ACT
- GST REGISTRATION OF SOLE PROPRIETORSHIP
Aadhar Card
AADHAR number is now a necessity for applying for any registration in India. Also, income tax return only be filed if the person has linked his PAN card with Aadhar number. Contact nearest E-Mitra or Aadhar Seva Kendra if you haven’t got an Aadhar number yet. After applying for Aadhar card, a hard copy of the same has to receive at the registered address in around 15-20 days.
PAN Card
YOU Cant even file your income tax until even you get the PAN CARD. So if you don’t have a PAN number, apply for it at the earliest.
PAN CARD has to apply online and it costs Rs. 110, approximately. For APPLICATION, you need to have a proper scanned photograph, their identity proof, and their address proof. The form has to submitt it online by verifying it through Aadhar e-KYC.
Once PAN card application is submitted, it is checked at NSDL for verification, and if NSDL finds the information correct, it allots the PAN number within 7-8 days. Further, a hard copy of PAN card has received at the registered address within 15-20 days.
Bank Account
MOREOVER, After you have got Aadhar Number and PAN, you can visit any bank for opening an account with them. Apart from Aadhar Number and PAN, you need to carry ew proofs such as identity proof and address proof. For opening a current account, you need to submit GST registration document to the bank officials too.
Registered office proof
i. Rent agreement and NOC from a landlord. (if it is a rented property)
ii. Electricity bill or any other address proof. (if it has a self owned property)
In addition to the above, there are few registrations that require in order to establish the existence for firm:
Registering as SME
In general words, You can get yourself registered as Small and Medium Enterprise (SME) under the MSME Act. The application has to filed electronically. Although it isn’t compulsory to register as an SME, it is highly beneficial, especially at the time of taking loan for the business. The Government runs various schemes for SMEs where loans are provided at the concessional rate of interest.
Shop and Establishment Act License
Furthermore, This license isn’t mandatory at all places, but has to require for obtaining according to the local laws. it’s going to be issued on the basis of the number of employees.
GST REGISTRATION OF SOLE PROPRIETORSHIP:-
You can get yourself registered under gst if your annual turnover is more than Rs. 20 lakhs. Also, if you are doing online business (selling through amazon, flipkart etc.), you will require to get a GST number. For registration you will need following documents such as:-
a. PAN card, Photo and Aadhar Card of the proprietor
b. (Electricity bill/ rent agreement) proof of business place.
c. Bank statement copy (first page for verifying bank account number, address and IFSC
In case of any help or assistance in filing your SOLE PROPRIETORSHIP in Chennai, SOLE PROPRIETORSHIP in Mumbai, And SOLE PROPRIETORSHIP in Bangalore contact Virtual auditor support team on 9962 230 333/9513 93 9333/044- 48560333 /mail us support@virtualauditor.in, our team will guide through the entire process and help you comply
