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Proprietorship Registration with Expert Salah

A sole proprietorship is one of the oldest and simplest business structures in India. Owned, managed, and controlled by a single individual—known as the proprietor—this structure is easy to start and has minimal compliance requirements. Since the proprietor and the business are considered the same, this structure doesn’t allow for partners or shareholders. However, it’s an ideal choice for small businesses with up to 5 employees.

Expert Salah simplifies sole proprietorship registration, guiding you through a quick and hassle-free online process. Start your journey as an entrepreneur with our expert assistance and unlock the potential of your business ideas.

Sole Proprietorship Registration in India

In India, there’s no specific government-mandated registration process for a sole proprietorship. Instead, the business is recognized through key tax registrations, such as GST Registration, under the proprietor’s name. This registration validates the proprietorship as a business entity.

Key Licenses and Registrations for Proprietorship

To operate a proprietorship smoothly, you need the following registrations:

• PAN and Aadhaar Card for business identification.

• UDYAM Registration for MSME recognition and government benefits.

• GST Registration, required for businesses exceeding specific thresholds.

• Bank Current Account in the business owner’s name for financial transactions.

• Shops & Establishment Act License, as per state regulations, to comply with local labor laws.

Advantages of a Proprietorship

• Easy to Start: Minimal formalities and simple registration.

• Lower Compliance: Limited to income tax, GST, and other basic requirements.

• Simplicity: No need for partners, directors, or shareholders, making it highly flexible.

• Quick Decisions: The proprietor has sole authority over business decisions.

• Complete Control: Full ownership of assets, revenues, and operations.

Disadvantages of a Proprietorship

• Limited Funding: Difficulties in raising equity or large loans due to the lack of investors.

• Personal Liability: Proprietors are personally liable for business debts and liabilities.

• Lack of Continuity: The business ends upon the proprietor’s death or disability.

• Restricted Growth: Limited scope for scaling due to liability and funding challenges.

• Unorganized Structure: Being unregistered, there’s no centralized database for verification.

Online Proprietorship Registration with Expert Salah

Registering a proprietorship online is straightforward with Expert Salah. You only need to provide your PAN and Aadhaar Card. Our experts will assist you with the following in under 15 days:

• GST Registration

• Zero-Balance Current Account with Accounting Software
  

Documents Required for GST Registration

• Proprietor’s PAN card

• Aadhaar Card

• Photograph

• Proof of Address (such as rent agreement or utility bill)

• Bank account details (cancelled cheque)

Additional Compliance

• Income Tax Filing: File ITR-3 or ITR-4 based on your income.

• GST Returns: Regular GST filings are mandatory for registered businesses.

• TDS Returns: Applicable if employing staff or making payments beyond prescribed limits.

Choose Expert Salah to ensure compliance and streamline your business operations while you focus on growth!