YOU CAN NOW REGISTER A Sole Proprietorship Firm Registration IN INDIA AT JUST RS. 2,899 (ALL INCLUSIVE)*
A proprietorship firm is one of the simplest forms of businesses in India, with no requirement for proprietorship registration and a negligible number of tax and legal compliances. To set up a proprietorship business in India, you may avail of our high quality services provided to you by our qualified, skilled, and experienced team of professionals. For this purpose, we have designed a wholesome package for proprietorship registration at the most competitive prices in India.
When a business is owned and governed by one person, it is called a sole proprietorship company. This type of business can be incorporated in fifteen days and hence makes it one of the most popular types of business to begin in the unsystematic sector, specifically among merchants and small traders. For a Sole Proprietorship business, registration is not required as it is identified through alternate registrations, such as GST registrations. However, its liability is unlimited and it also doesn’t have perpetual existence.
A proprietorship firm is a single owner business, where the owner is not only entitled to hold the ownership, but is also responsible for the complete management and administration of the business. Moreover, a proprietorship does not have a distinct legal and financial identity, separate from the proprietor. This means that there is no need of Proprietorship registration under law, and that all transactions related to the business shall be carried out through the personal bank account of the proprietor. The proprietor is thus 100% liable towards the business, and shall be required to pay off the liability from his personal pocket. The existence of a proprietorship cannot extend beyond the life of its proprietor.
Proprietorship registration in India is quite easy and simple, as there is no need to incorporate it, under any specified law. All that you require is a single person to own, manage and fully control the business. However, there are certain provisions that place restrictions on a proprietor, which have been mentioned in the table below, along with other minimum requirements for proprietorship firm registration. While proprietorship registration is not required, it must still undertake all necessary tax registrations akin to any other business operating in India.
