ComplyKart Services
Best Business structure for One Person with easy Investment and expenses on compliances. Suitable for small traders and manufacturers
Package Inclusions:
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Business Activity discussion
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Proprietorship name finalization
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GST & MSME Registration Certificate
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Annual Tax Returns
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Experience behind every filing
A quick snapshot of the work so far.
Fees
Fees and packages for proprietorship registration
Every requirement is a little different, so we quote after a short discussion — the consultation itself is free.
Proprietorship Registration
Talk to a ComplyKart expert — we’ll understand your requirement and share an exact written quote before you pay anything.
Proprietorship Firm Setup Package Inclusions
- Udyam/MSME registration for the proprietorship
- GST registration where applicable
- Shop & Establishment registration guidance
- Current account opening documentation
- Business registration certificate pack
Overview
Overview
Sole Proprietorship is the simplest form of business entity where one can have their business up and running within just 5 days with minimum compliances. A sole proprietorship, also known as the sole trader, individual entrepreneurship is a type of enterprise that is owned and run by one person and in which there is no distinction between the proprietor and the business entity legally. Proprietor is in direct control of all elements of business and is accountable for the profits or losses of business and which may include debts, loans, loss, etc.
It is a type of unregistered business entity that is owned, managed and controlled by one person. Sole proprietorship's are one of the most common forms of business in India, used by most micro and small businesses operating in the unorganized sectors. This type of entity is easy to start and carry minimal regulatory compliance requirement operating. However, after the startup phase, proprietorship's do not offer the promoter a host of benefits such as limited liability proprietorship, corporate status, separate legal entity, independent existence, transferability, perpetual existence - which are desirable features for any business. Thus, proprietorship Business is suited for unorganized, small businesses owners looking limited period of existence or less compliances.
Technically, it does not even need a registration but is recognized by other registrations such as GST, VAT etc. This is the most popular form of business in the unorganized sector, especially for micro and small businesses, but it is not devoid of certain demerits. Since its existence is validated by its proprietor or owner, it is also implied that it also does not enjoy the benefit of perpetual existence in the event of death or incapacity of the owner.
Complykart is the Industry leader and trusted Company in Registration and managing hundreds of Companies across India. With a team of expert professionals, we offer exceptional services in minimum time. Get a free consultation for Proprietorship Registration and business setup in India by scheduling an appointment with our expert professionals.
Benefits
Advantages
Open each benefit to see what it means for you.
Minimum Compliances
As a Proprietorship firm is an unregistered non-legal entity, it has to maintain very few compliances to be followed.
Ease of Establishment
It takes only as less as 5 days to commence a business as a Sole Proprietorship, with minimum documents like identity and address proofs and only a couple of registrations.
Control over Business
Since the proprietorship is registered in the name of one person, all the decisions are taken by proprietor and proprietor enjoys the control over business.
Inexpensive
The simple procedure of commencement makes it inexpensive in the short term and minimal compliances lower the expenses in the long-term.
No Audit Required
A Proprietorship Firm does not attract Audit provisions unless the sales turnover exceeds 1 Cr and if the proprietor is a professional then turnover exceeds 40 Lakhs.
Documents
Documents Required
Clear, current documents matter more than a long checklist. Names, dates of birth and addresses should match across records.
Self-Attested PAN Card of Proprietor
Process
Procedure
You’ll see each stage, what’s pending and what we need from you — so filings don’t bounce back.
Information Exchange and Document Submission
With the business information you provide us, we will guide you on the registration requirements regarding Taxes, Shop and Establishment etc. and the specific documents required for the same.
Filing of Applications
All the required applications for registrations such as Shop and Establishment, GST, IEC, FSSAI etc. will be filed as applicable and we will fully take care of their individual procedures.
Commencement of Business
You will have the business up and running within 5-10 days, depending on the time taken in processing by the various registration authorities.
Why ComplyKart
How ComplyKart helps in this Entire Process
You should know who’s doing what. Open a stage to see how the work is shared.
Consulting
Our Proprietorship Registration experts will provide you with the best consultancy on Registration procedure and the req...
Help in preparing Relevant Documents
We help our clients in preparation of application and necessary documents to be presented to Registrar of Firms.
Filing of Document with Authorities
We will fill required application with the Registrar along with necessary documents required for getting the approval wh...
Follow-Up
Our experts continuously follow up with the development with the Authorities and ensure speedy registration process.
If a founder or investor is outside India
Foreign ownership is possible in many sectors, but it adds document authentication, banking and FEMA work. Set the route before funds move.
Plan before you start
- Check whether your sector permits automatic-route foreign investment
- Confirm the Indian resident director arrangement
- Map ownership, beneficial ownership and pricing
- Allow time for apostilled or consularised documents
Plan for after setup
- Receive funds through permitted banking channels
- Complete RBI/FEMA reporting and keep the bank evidence
- Coordinate tax and ongoing compliance advice early
Comparison of Popular Company Registration Options
A practical starting point — not a substitute for advice on your specific situation.
| All Features | Private Limited | Limited Liability Partnership | Partnership Firm | One Person Company | Proprietorship Firm |
|---|---|---|---|---|---|
| Ideal For | entrepreneurs with Vision | Professionals & small Traders | Small Businesses Firms | Individual Promoter | Small Business |
| Venture Capital Funding | Available | Available | Not Available | Not Available | Not Available |
| Limited Liability Protection | Limited on Promoters | Limited on Promoters | Unlimited Liability | Limited on Promoter | Unlimited Liability |
| Existence of Business | Perpetual Existence | Perpetual Existence | No Perpetual Existence | Perpetual Existence | No Perpetual Existence |
| Tax Advantage | Fewer Benefits | Maximum Benefits | No Benefits | Fewer Benefits | No Benefits |
| Compliances | High | Low | Minimum | High | Minimum |
| Time taken in Incorporation | 7-8 Days | 20-25 Days | 5 Days | 7-8 Days | 5 Days |
| Credibility | High | High | Low | Low | Minimum |
What clients say about working with us
Real stories from businesses we've worked with.
Our Trademark was applied in all the classes with a short span of time by Complykart Trademark Experts and I can say the level of expertise and commitment they carry is remarkable. It's an A+ from my side. We are now sticking to ComplyKart only.
I found the professionalism of the staff at complykart.com, a pleasure to work with. As a foreigner to India, they took the time to explain the documentation and assisted in every question I raised. I was pleased that complykart.com made it easy for my Business.
Trust, Commitment, Dedication and responsiveness are the best things with ComplyKart. Thanks for handling our Merger assignment with so much care. After my business disputes, complykart handles all things with own sense of understanding.
Get a free consultation
Talk to a ComplyKart professional about proprietorship registration — no obligation, no spam.