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Proprietorship Registration

₹1499/- GST Registration + MSME

Proprietorship Registration

What is meant by sole proprietorship?

A Sole proprietorship is an enterprise owned exclusively by one natural person and in which there is no legal distinction between the owner and the business entity.

What are the documents required for a proprietorship firm?
  1. PAN Card of the proprietor.
  2. Name and address of the business.
  3. Registration under the Shop and Establishment Act of the respective state.
  4. Registration under GST, if the business turnover exceeds Rs. 20 lakhs.
  5. Registration with MSME certificate
Features of Proprietorship Firm
  • Single Owner of the Business
  • Easy to Start and Easy to Close
  • Complete Control
  • Lower Cost of Formation and Compliance
Advantages of a Sole Proprietorship firm
  • you’re the boss
  • you keep all the profits
  • start-up costs are low
  • you have maximum privacy
  • establishing and operating your business is simple
  • It’s easy to change your legal structure later if circumstances change you can easily wind up your business.

E-TAX HUB INDIA is one store business solution, which helps end-to-end incorporation, compliance, advisory, auditing and consultancy services to clients in India and abroad. You may get in touch with our compliance manager at 9962903855 or email sales@etaxhub.in for sole proprietorship registration.

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