Proprietorship Registration

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Overview

A proprietorship is the simplest and most prevalent business structure. It is easy to establish and does not involve complex legal requirements, unlike other business forms. Additionally, it is relatively low-cost to start and maintain.

The proprietor has complete control over business decisions and is personally accountable for all debts and obligations of the business

Proprietorships are ideal for small businesses, such as retail stores, consulting practices, or home-based ventures, which do not demand significant capital investment to begin.

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Basic Requirements

Residential Status

Indian Resident, above 18 years of age

Business Address

Company Premises can either be owned or rented

Capital Requirement

There are no minimum capital requirements, apart from a nominal fee needed to open a current account.

Documents Required

Required in Soft Copy Only

Documents of Directors

  • PAN & AadharCard
  • Other ID Proof Driving License, Voter Id or Passport
  • Address Proof Bank Statement or Utility Bills - [E.g.- Electricity Bill / Water Bill / Property Tax]
  • Colour Photo
Soft Copy Only

Business Address Proof

  • If Premises is Owned :- Sale Deed/Electricity Bill/ Property Tax
  • If Premises is Rented :- Rent Agreement or Electricity bill along with NOC from Owner of the premises
    ( Formate will be provided )

Advantages

Easy and Inexpensive Setup

Simple to establish with minimal legal formalities and low startup costs.

Full Control and Flexibility

The proprietor has complete authority over decision-making and business operations.

Direct Profit and Tax Benefits

All profits go to the owner, and income is taxed as personal income, simplifying taxation

Quick Decisions and Confidentiality

Faster decision-making and greater privacy, as there’s no need to disclose business details publicly