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Sole Proprietorship

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Starting @ ₹999/-

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What is Sole Proprietorship

A Sole Proprietorship is a simple business structure where a single individual owns and manages the business. It offers complete control over business decisions and operations, while the proprietor receives the profits and is responsible for the business’s obligations. It is commonly suitable for individuals starting and managing small businesses with straightforward operations.

Benefits of Sole Proprietorship?

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Minimum Compliance
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Simple to Begin
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Economical

Compliances Required For Sole Proprietorship Firm

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Income Tax Return Filing
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Business Income
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GST Return Filing
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TDS Returns

FAQs

A sole proprietorship is a business owned and operated by one individual. It is not a separate legal entity, and the owner is personally liable for all business obligations.

No. There is no formal registration required. However, to prove its existence, you should get:

  • GST registration
  • MSME (Udyam) registration
  • Shop & Establishment License (if required)
  • Current Account in business name
  • Easy to start and operate
  • Minimum compliance
  • Full control with the owner
  • Low cost of formation
  • Suitable for small businesses

Suitable for small businesses

Any resident Indian above 18 years of age with valid ID proof can start a proprietorship business.

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