Ask Chartered Accountant Now

10 Minutes FREE Consultancy
What is Proprietorship Firm Registration?

Proprietorship Firm also known as sole proprietorship firm or proprietorship, is a type of business entity that is owned and run by one person and where the owner and the business entity is legally same. A sole proprietor does not necessarily work ‘alone’—it is allowed for the sole proprietor to employ other people. It is most common in India and almost all of the unorganized business run under this type of firm. Our Expert will help you through the process of proprietorship firm registration.

Who is a proprietor?

Proprietor is the individual who is whole and soul of the business which he is running. He owes complete liability and profit of the firm.

If you wish to start a business small and grow it with minimum cost and compliance, get started now.

Benefits of Registering a Proprietorship Firm Registration

Easy to Start
Least Paper Work to start the business.
Cheap to Start
There is no need to have a registration for proprietorship. Bank Account can also be opened with your personal documents and hence starting such firm is easiest.
Easy to Run
Minimal and Simplest departmental compliances for such firms makes it easy to run
Simple Accounting
You need not state the contribution from different partners, maintain formal capital shared between the partners. Earnings per partner and everything as such. Even if you are using your own property you need not show any rent in books. It makes accounting quite simple. Profit-Expenses = Taxable Income.
Name not an Issue
No need to find and select a unique name to run the business.
Direct Control
You get direct control over your business. You are whole and soul of the business and run it the way you like. This increases speed in decision making.
Employment not a restriction
You are starting a sole proprietorship firm does not mean you need to work alone. You can hire employees and grow your business to any extent.
Privacy
You can secretly run your business with any name in any part of the country without registering into any government or private corporation. This also makes you unsearchable on government websites and internet if desired.
Previous
Next

Registration to Register A Proprietorship Firm

GST Registration

If GST Registration is required in your business, just get GST Registration for proprietorship and get your proprietorship registered.

Get GST Registration

Click on the button below and get started with the GST Registration Process.
Register Now

FSSAI Registration

If FSSAI Registration is applicable in your business than just register with FSSAI to register your proprietorship.

Get FSSAI

Click on the button below and start the process for FSSAI Registration Now.
Register Now

Shops & Establishment Act

If neither of the other registration applies to you. This is for your. Get registered under shop and establishment and start your proprietorship.

Register Under Shop & Establishment Act

Start your registration process now with registration under Shop and Establishment Act.

MSME Registration

If you are starting a MSME and wish to register a proprietorship this alone is sufficient for your proprietorship registration.

Get MSME Registration

Click on the button below and start your MSME Registration Process Now.
Register Now

Documents Required For Proprietorship Firm

Passport Size Photo

One Passport size photograph of All Partners

Identity Proof

PAN (for Indian Nationals) and Passport (for Foreign nationals)

Address Proof

Aadhar Card / Voter ID / Passport / Driving License / Ration Card

Company Name

A unique name you wish to start your company with. Give 6 options for fast registration.

Rent Agreement

If Rented Business than Rent Agreement Copy else sale deed of the property

Company's Objective

What service, product or goods company wants to sell or manufacture.

Residence Proof

Residence’s Electricity Bill / Telephone Bill / Bank Statement

Procedure for Proprietorship Firm Registration

Partnership Firm is registered with the registrar of firms of the state. An application form filled and signed by all partners along with the fees has to be submitted at Registrar of Firms (RoF) office.
  • document-collection

    Document submission

    All the documents mentioned below must be submitted in order to start the registration process

  • name-application

    Company Name Approval

    The proposed name is applied and if available reserved with the Ministry of Corporate Affairs. Not more than two names can be provided. In case, both names are rejected, resubmission with two more name is required for approval

  • document-preparation

    Digital Signature

    Digital signatures or DSC must be obtained to be the director of the company. DSC is required for signing of the company incorporation application.

  • e-forms-uploading

    SPICe+ form application

    The incorporation application is then submitted as the SPICe form with the MCA. To speed up RUN application may be omitted from the process.

  • work-completion

    Company Incorporation

    ROC verifies all the document and if found in order the company gets incorporated along with PAN and TAN within 2-3 business days.

Proprietorship Firm Registration Service Packages

Basic Partnership

Partnership Registration only
₹2500
1350
  • PAN Registration
  • Registration under shop & establlishment
  • GST/MSME Registration whatever applies
  • Free CA Consultancy
Best Selling

Comprehensive Plan

Includes GST + MSME + TM
₹16000
8490
  • PAN Registration
  • MSME Registration
  • Stamp Paper Purchase Support
  • Free CA Consultancy
  • First 3 Months GSTR Filing
  • GST Registration
  • TM Registration (For Startups, MSME & Individuals)
Great Value

Proprietorship - TM

Includes Trademark Registration
₹14000
7490
  • PAN Registration
  • MSME Registration
  • Stamp Paper Purchase Support
  • Free CA Consultancy
  • GST Registration
  • Trademark Registration
Best Selling

Frequently Asked Questions

Yes, It is possible to have different authorized signatory in the bank.

There is no such registration required for partnership firm, but you can register under shop establishment act, GST, Labour, FSSAI etc to prove your registration.

The normal registration route can take up to 30 days but registration through SPICe takes just 7 days.

No, there can be no partner in proprietorship firm.

PAN Card is mandatory for Current Account but since proprietorship firm doesn’t require registration hence you need not have anything for proprietorship firm.

No such firm registration is required, however department-wise registration for various compliance may require.

It depends on the type of business you are into. Like if you are into food business FSSAI license may apply.

Yes, you can register under GST anytime it may apply. If your annual turnover exceeds 20 lakh it is mandatory to register under GST.

If no other registration applies on your business go for Shop and Establishment Act.

Trademark, you can use it for protection but it takes more than a year to get registered as a trademark and it is long process. Make sure your name is worth that effort.

Services you may also need

help-getting-loans-online-salah
Help Getting Loans
book-keeping-account-services
Accounts & Book Keeping Services
copyright-protection-intellectual-property-services
Rights protection
itr-and-gst-return-ca-service-online
GSTR & ITR Filing

We Would Be Glad to Have Good Service Reviews

There are no reviews yet. Be the first one to write one.