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Sole Proprietorship REGISTRATION

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KNOW ALL ABOUT Proprietorship REGISTRATION

What is Proprietorship Registration?


 A sole proprietorship is a type of unregistered business entity that is owned, managed and controlled by one person. Sole proprietorship’s are one of the most common forms of business in India, used by most micro and small businesses operating in the unorganised sectors. Proprietorships are very easy to start and have very minimal regulatory compliance requirement for started and operating. However, after the startup phase, proprietorship’s do not offer the promoter a host of benefits such as limited liability proprietorship, corporate status, separate legal entity, independent existence, transferability, perpetual existence – which are desirable features for any business. Therefore, proprietorship registration is suited only for unorganised, small businesses that will remain small and/or have a limited period of existence.

There is no mechanism provided by the Government of India for the registration of a Proprietorship. Therefore, the existence of a proprietorship must be established through tax registrations and other business registrations that a business is required to have as per the rules and regulations. For instance, VAT or Service Tax or GST Registration can be obtained in the name of the Proprietor to establish that the Proprietor is operating a business as a sole proprietorship. Thus, all the registrations for a proprietorship would be in the name of the Proprietor, making the Proprietor personally liable for all the liabilities of the Proprietorship.

 

Register For GST

 
 
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PROCEDURE FOR COMPANY REGISTRATION?

Complete our Simple Form

 
You need to fill our simple company registration questionnaire and submit documents.
 

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Obtain DSC and DIN from us

 
After submitting your documents we will provide you with DSC and DIN.
 

1 WORKING DAYS

Verification and Name Approval

 
Details provided by you will be verified and then we shall apply for name approval.
 

1 WORKING DAYS

Document Submission

 
We will create all the required documents and file them with ROC on your behalf.
 

2 WORKING DAYS

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