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Easily Register a Proprietorship

Proprietorship is an alias for the Proprietor or an unregistered business entity ideal for very small businesses in the unorganised sector. IndiaFilings offers proprietorship startup from Rs.2899/-

proprietorship

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Proprietorship

A sole proprietorship is a business that is owned, managed and controlled by one person. It is one of the most common forms of business in India, used by small businesses operating in the unorganized sectors. Proprietorships are very easy to start and have very minimal regulatory compliance requirement for getting started. However, after the startup phase, proprietorship's do not offer the promoter a host of other benefits such as limited liability, separate legal entity, independent existence, transferability, etc., which are desirable features for any business. Therefore, proprietorship's are suited for unorganized, small businesses that will have a limited existence.

There is no mechanism provided by the Government of India for the registration or incorporation of a Proprietorship. Therefore, the existence of a proprietorship is established only by tax registrations and other business registrations that a Proprietorship is required to have as per the rules and regulations. At IndiaFilings, we can help you establish an identity for your Proprietorship by obtaining the relevant registrations.

Advantages of Proprietorship

Easy to Start

A Proprietorship business needs no registration. Therefore, it is one of the easiest to start with no formalities. However, after starting up the Proprietorship, it is relatively harder to open a bank account or obtain a payment gateway in the name of the business - since more registrations may be required.

Business Name

Since the name of a Proprietorship is not registered, a Proprietorship can choose to have any name - as long as it does not infringe on a registered trademark. However, since the name is not registered, any other person can also use the same business name unless trademark registration is obtained.

Taxation

A Proprietorship with less than Rs. 2 lakhs of income is not required to pay any income tax, as Proprietorships are taxed as the individual owing the business. However, once, income of the business exceeds Rs. 10 lakhs per annum, there are no major advantages for a Proprietorship in terms of taxation.

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Corporate Entity Registration

Proprietorship Registration

Trademark Registration

VAT or TIN Registration

Service Tax Registration

MSME or SSI Registration

Import Export Registration

Bank Loan and Funding

Simple & Transparent Pricing

Basic

Rs.2899/-
all inclusive fees
Checkout

    Proprietorship registration with TAN registration, MSME under Udyog Aadhaar and iCFO compliance tracking.

Standard

Rs.7899/-
all inclusive fees
Checkout

    Proprietorship registration with TAN registration, MSME under Udyog Aadhaar, service tax registration and iCFO compliance tracking.

Premium

Rs.13899/-
all inclusive fees
Checkout

    Proprietorship registration with TAN registration, MSME under Udyog Aadhaar and trademark registration.

Proprietorship Startup Process

Proprietorship Startup

IndiaFilings can help startup a Proprietorship in 7 to 14 days, subject to Government processing time.





Startup Consultation

Proprietorships do not have a process of incorporation. Therefore, our Business Advisors will advice you on the way the identity of the Proprietorsihp business can be established through other Government registrations.

Service Tax Registration

The identity of a Proprietorship can be established through Service Tax Registration (if applicable) mentioning the business name. Service tax registration takes 10 to 15 days, subject to Government processing time.

MSME Registration

The identity of a Proprietorship can be established by MSME Registration (if applicable) mentioning the business name. MSME Registration can be completed in 10 to 15 days, subject to Government processing time.


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