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Sole proprietorship is a form of business entity managed by a single owner who is personally liable for the profits & losses of the company. It is the simplest form of business entity with minimal compliance requirements. There is no as such registration required for sole proprietorship as anyone can easily start this business with no formalities and few compliance requirements. In case you are not having enough cash in your hands but you still want to start your own proprietary firm or proprietary company, you can easily go with this option. This form of business entity is especially popular among small traders and merchants. Liability for this form of business entity is unlimited and doesn’t have perpetual existence.
Sole proprietorship is a popular form of business now days and many business entrepreneurs prefer them over other forms of business because of the following reasons –
Option 1 – MSME Registration Certificate + Chartered Accountant Business Certification
If you prefer this option, Both MSME certificate and business certification by a chartered accountant is required in case of sole proprietorship registration. Sole proprietorship is considered as authenticated legal entity with the presence of both these documents. It is applicable, if you meet both the conditions mentioned below –
Option 2 – GST Registration Certificate
One of the legal entity proofs for sole proprietorship in India is GST registration that confirmssole proprietor as a registered GST tax payer. It is applicable, if you meet any of the conditions mentioned below –
Now, it’s upon you that which option you want to choose between these two to register your proprietorship firm.
You have to fill up our easy-to-use business registration form and submit the required documents to register your business.
After issuing your documents, we provide you with Designated Partner Identification Number and a Digital Signature Certificate.
Your all details will be verified. Subsequently we move ahead with the name approval.
All the essential papers are created by us and then filed with ROC on your behalf.
When your organization is registered, we hand over all the files and DSCs.
Customer delight is our main goal and we are very serious about it.