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Proprietorship Firm

Sole Proprietorship Firm in India

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100% Online process

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Get it done sitting home

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24/7 Help

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Tracing your application

    Get an identity free of cost!

    If you are worried about your company’s name, we will check the availability of the company name at no charge.

    Just send us the names you want to give your company, and we will handle the rest.

    The checking database of the company’s name includes:

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    MCA database

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    Trademark Registry Database

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    Domain database

    The results would help you to choose smartly among all the available options.

    Here is a TIP: Ministry can accept upto two options for name approval

    How do you build and operate a Proprietorship Firm?

    The following are the steps:

    Choosing a suitable name

    Application to the concerned ROC

    AOA and MOA

    Forms and Documents to be filled

    Documents Required for the Registration of a Proprietorship Firm

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    Quick Checklist:

    Photographs of all Directors
    All of the Directors’ PAN Cards
    Directors’ identification (driver’s license/passport/voter ID)
    For proof of the Registered Office’s address, use an electricity bill or another utility bill.

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    Particular Requirements

    A registered office in India is required for a Proprietorship Firm. Recent documents, such as a bank statement or an electric bill, should be used.

    A utility bill, rent agreement, or sale deed, as well as a NOC (Non-Objection Certificate) from the landlord granting permission to use the office as a company’s registered office, must be supplied.

    Process of forming a Proprietorship Firm

    Step - 1

    Complete our form

    You must complete our simple company registration form and submit the required paperwork to start a company.
    Step - 2

    Get DSC and DPIN from us.

    We will offer you DSC and DPIN after you submit your paperwork.
    Step - 3

    Approval of the Name and Verification

    Your information will be confirmed, and we will then apply for name approval.
    Step - 4

    Documents Submission

    We will prepare and file all of the essential Proprietorship Firm registration documents on your behalf with the ROC.
    Step - 5

    You are done!

    Your task has been finished. Upon your company’s incorporation, you will receive paperwork and DSCs.

    About Proprietorship firm:

    A proprietorship firm is a business that is owned and operated by one or more people. A proprietorship business is one in which there is just one owner and one controller. It is possible to register it by obtaining any of the following government documents:

    Register for GST

    Registration of Shops and Businesses

    Registration for MSME Udyog Aadhar
    Any proprietorship firm that obtains any of the registrations above can begin a business and protect its brand name and trade name.

    FAQs

    A sole proprietorship can be started by any Indian person who has accounting in their company’s name. Depending on the type of business you’re establishing, registration may or may not be required. Business registration is required to create a bank account, in any case.

    You can continually opt to do so. The procedure could be very little to not tedious at all; however, it depends on the scope and potential. It’s pretty standard for sole proprietors to convert into partnerships and restricted personal corporations later

    A legal entity that does not exist independently of its owner, financial gains and losses are taxed on a person’s official document of income.

    No, with a proprietorship firm, audited financial statements are not required. However, depending on the firm’s turnover, a tax audit may be necessary.

    No. A sole proprietorship is a company that is owned, managed, and controlled by a single individual and in which no shares can be issued. Investors are also unable to invest in the proprietorship firm.