Sole Proprietorship Registration in India

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Sole Proprietorship Registration

In India most of the businesses is started individually without other’s participation. A sole proprietorship is a convenient and simplified way to start a business in India. A sole proprietorship firm is neither considered as a corporation nor a company and the business is owned by a single person who is the owner/director/shareholder of the proposed entity. There is no legal difference between owner and business in sole proprietorship.


In such structure the identity of individual and business are not different. The total control over the business is in the hands of owner. So in early stage of business people usually prefer this structure of business. The profit or loss of the business is considered as profit or loss of the proprietor and also the income of the business is considered as income of individual as per Income Tax Act.


There are no rules and regulations prescribed for sole proprietorship firm but for the business to come into recognition it has do tax registrations such as GST registration or SSI/MSME Registration which should be obtained in the name of proprietor.

Sole Proprietorship Firm Registration Fees


1199 (All Inclusive)
  • SSI/MSME Registration
  • GST registration


2599 (All Inclusive)
  • SSI/MSME Registration
  • GST registration

Advantages of a Sole Proprietorship Firm

QuickBiz is a technology driven platform which offers legal & financial services over its team of professionals. Before applying this services applicant should know the list of advantages of this service in India.

Ease in Establishing

Sole Proprietorship firm is one of the easiest business structure to be formed. One can register the same in 1 or 2 days as obtaining GST registration is also now easy and quick. The cost of registering the sole proprietorship firm is also very less.

Total Control over Business

The owner has the total control over the business. There is no one to interfere in the business and all the decisions relating to the business are solely taken by the proprietor. He is responsible for the decisions taken by him.

No share to anyone in profit or loss

The profit or loss of the business is considered as profit or loss of the proprietor and also the income of the business is considered as income of individual as per Income Tax Act. The owner who gets the fruits of whole profit also has to bear the losses alone.

Tax Benefits

The income of the business is considered as the income of the proprietor as per Income Tax. There is no need to file the separate income tax return for the sole proprietorship firm. The tax rates applicable will be the personal tax rates applicable to the individual and not the corporate tax rates.

List of Documents for Sole Proprietorship Firm

Our mission is to offer excellent support to our client in respect of all the legal compliances on affordable rates. Have a look at the list of documents required to avail this service.

Documents of Shareholders/Directors
  • Two coloured Photographs
  • PAN card
  • Identity Proof (Copy of Voter ID / Driving License/ Passport)
Registered Address Related Documents
  • Address Proof (Bank Statement / Electricity, Mobile, Telephone Bill)
  • Proof of registered office address (Electricity Bill or any other utility bill for the address proof of the Registered Office. If premises is rented then utility bill, rent agreement or sale deed and an NOC from the landlord with his / her consent to use the office as a registered office of a company must be submitted as well)

How to Incorporate Sole Proprietorship Firm

Sole Proprietorship Firm Registration Process in 5 steps
  • 1. Fill the checklist
  • 2. Submit the documents
  • 3. Verification of the documents
  • 4. Obtain Registration Certificate
  • 5. Obtain PAN & TAN

FAQs On Sole Proprietorship Firm

Get answers to all your queries

Only Indian citizens can start sole proprietorship firm.

A sole proprietorship firm can be started with any amount of capital. The amount which is required to start the business should be brought in by the proprietor.


For opening of current account in bank, there is need of MSME registration or GST registration. Along with that there is also requirement of PAN card, identity proof and address proof.

Yes, online registration of the sole proprietorship firm is possible and it is all thanks to Government’s initiative for digital India.

Any business entity can apply for MSME registration excluding the activities of trading which is to be registered under Shop  & Establishment Act.

The sole proprietorship firm has to comply as follows:

  • A proprietor has to file Income Tax return annually.
  • If registered under GST, then GST return should also be filed.


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