🧾 Proprietorship Firm Registration

Start your business with the simplest legal structure. Get your sole proprietorship registered with expert support from SITPakz Solution (SSPL) and begin operations with ease and compliance.

📘 What is a Sole Proprietorship?

A Proprietorship Firm is the most basic and unregulated form of business in India. It is owned, controlled, and operated by a single individual. There’s no legal distinction between the owner and the business, which makes it easy to start, but with unlimited liability.

It is ideal for small traders, local service providers, freelancers, retailers, and consultants who wish to start operations without complex compliance.

✅ Key Features & Benefits

Feature Description
Easy to Start No incorporation required under Companies Act.
Minimal Cost No government fee for registration.
Full Control Single owner holds all decision-making powers.
No Audit Requirement Unless turnover crosses limits prescribed by Income Tax Act.
Can Use Trade Name Operate under a business/trade name of choice.
Eligible for Udyam, GST Can register under MSME, GST, FSSAI, and get bank loans.

👤 Who Should Register a Proprietorship?

  • Local shopkeepers & traders
  • Freelancers & individual consultants
  • Small retail or service outlets
  • Online resellers and vendors
  • Food delivery/tiffin service operators
  • Agents, photographers, and content creators

📑 Documents Required

For Proprietor:

  • PAN Card (mandatory)
  • Aadhaar Card
  • Passport-size photograph
  • Mobile number & email ID

For Business Address:

  • Utility bill (electricity/water/gas)
  • Rent Agreement (if rented)
  • NOC from property owner (if not owned)

For Business Registrations:

  • Shop & Establishment License (if applicable)
  • GST Registration (mandatory if turnover > ₹20 lakh)
  • Udyam/MSME Registration

🛠️ What’s Included

  • Business name guidance
  • Assistance in opening Current Account
  • Udyam (MSME) Registration
  • GST Registration (if required)
  • Shop Act License (where applicable)
  • PAN-linked documentation setup
  • Support in generating e-invoice, if applicable
  • Advisory on tax and compliance

📋 Proprietorship Registration Process

Step Activity Timeline
1️⃣ Document collection & KYC Day 1
2️⃣ MSME / Udyam Registration Day 1–2
3️⃣ GST & other license filing (optional) Day 2–4
4️⃣ Current account assistance Day 4–5

🕐 Total Duration: 2–5 Working Days

📌 Post-Registration Compliance

  • Maintain records of invoices & expenses
  • File Income Tax Returns annually
  • File GST Returns (if registered)
  • Renew local licenses annually (if applicable)
  • Maintain a separate bank account (recommended)

💡 Why Register a Proprietorship with SITPakz Solution (SSPL)?

  • ✅ Startup guidance tailored for individuals
  • 💼 Quick online document handling & submission
  • 🔐 Secure & private document handling
  • 🌐 PAN India support from Andaman base
  • 💰 Affordable plans for GST, MSME & more
  • 🧾 Help with government schemes, licenses & filings

💬 Frequently Asked Questions (FAQs)

Q. Is proprietorship registration mandatory?
➡️ No formal registration is required, but licenses like GST, MSME, or Shop Act make it compliant and bankable.

Q. Can I get a bank account in the firm name?
➡️ Yes, with Udyam or GST certificate and proper documentation, current accounts can be opened easily.

Q. Is PAN mandatory for a proprietorship?
➡️ Yes, the individual PAN is used for all taxation and compliance.

Q. Can I convert my proprietorship to a company later?
➡️ Yes, it can be converted into an LLP or Private Limited Company as the business grows.