Sole Proprietorship Registration

Sole Proprietorship Registration is one of the easiest forms of business as it is completely managed by a single person and there is not any specific law to govern it. Under this structure, the compliance is minimal as compared to the other business structure and is easy to accomplish.

Benefits of Sole Proprietorship

It is very much easy to incorporate this kind of business; it is economic as well as easy to start your business expedition.
A single person will be solely responsible for all the operational activities, although one can appoint a helping hand, the ownership will always remain with the proprietor itself.
Facilitates quick decision making as the owner doesn’t need to consult with other people 

Steps to Register the Sole Proprietorship

  • Applying for a PAN card if you don’t have one, if have then simply decide the name for your business
  • Open the current bank account in the name of the business
  • Obtain the Registration Certificate under the Shops and Establishment Act of the state in which the business is located.
  • Then, you must register for GST if the business turnover exceeds Rs.20 lakh
  • You can also register sole proprietorship as a Small and Medium Enterprise (SME) under MSME Act

Documents Required for the Sole Proprietorship Registration

  • Aadhaar Card and PAN Card of the proprietor
  • Registered Office proof
  • Name and address of the business
  • Bank Account in the name of the business

How Muneembhai Simplifies the Process of Sole Proprietorship Registration?

We understand the requirements of your business and provide you with a comprehensive suite of customized solution that suits your needs at a nominal cost.
With our team of CA, CS, and lawyers, we manage the complete process; right from managing the business registration process to overseeing your budget expenditure to ensure that your preliminary expenses don't exceed the limit for longer financial stability.
 
Being a technology-driven platform, we strive to foster your business growth!

 

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