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Sole Proprietorship Setup

A Sole Proprietorship is the simplest and most affordable business structure in India, where a single individual owns and manages the entire business. It requires minimal paperwork and has no formal registration requirement, making it perfect for freelancers, consultants, traders, and small local businesses looking to start quickly.

Our Approach & Process

Business Identity Setup

Advising on the business name, trade name, and the correct registrations needed for your specific line of business.

GST Registration

If turnover is expected to exceed the threshold (₹20L for services / ₹40L for goods), we instantly apply for GST registration, which also serves as formal business identity proof.

MSME / Udyam

Applying for Udyam Registration to formalize the proprietorship and gain access to government schemes, priority lending, and subsidies.

Shop & Establishment

If you have a physical premises, we register your business under the local Shop & Establishment Act, which is required by many banks to open a current account.

Bank Account Opening

Providing all the required documents and guiding you through opening a dedicated business current account in the proprietor's trade name.

What's Included in This Service

Business name and structure advisory
GST registration (if applicable)
MSME / Udyam Registration
Shop & Establishment Act registration (state-specific)
PAN-linked bank account advisory
Professional Tax registration (state-specific)
Trade License assistance (municipality-level)

Frequently Asked Questions

Does a Sole Proprietorship have a separate legal identity? +

No. Unlike a company or LLP, a sole proprietorship does not have a separate legal identity from its owner. The proprietor is personally liable for all business debts.

When should I move from a Proprietorship to a Private Limited Company? +

When your annual turnover crosses ₹50 Lakhs, when you plan to raise investor capital, or when you want to hire significant staff, converting to a Pvt Ltd is advisable for liability protection.

What documents are needed to open a proprietorship bank account? +

Typically, you need PAN card, Aadhaar, GST certificate or Udyam certificate or Shop & Establishment registration, and 2 passport-size photos.