A Sole Proprietorship is the simplest form of business structure where a single individual owns and operates the business. It's ideal for small businesses, freelancers, and individual entrepreneurs.

Benefits of Proprietorship

• Easiest to set up
• Complete control by owner
• Minimal compliance
• Low cost of registration
• Tax benefits under presumptive taxation
• Quick decision making
• Easy to close

Limitations

• Unlimited liability
• Difficult to raise capital
• No separate legal entity
• Depends on owner's life

Registration Process

While proprietorship doesn't require mandatory registration, the following registrations are recommended:

• GST Registration (if turnover exceeds threshold)
• Shop Act License
• MSME/Udyam Registration
• Professional Tax Registration
• Trade License

Documents Required

• PAN card of proprietor
• Aadhaar card
• Address proof of business
• Bank account proof
• Passport size photograph

Services We Provide

• GST registration
• Shop Act registration
• MSME registration
• Trade license
• Bank account opening support
• Accounting and tax filing

Time Required: 3-5 working days for basic registrations