Procedure for Applying
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Sole Proprietorship registration process
A Sole Proprietorship is a business owned, managed, and controlled by a single individual. It is one of the oldest and simplest forms of business structures. Unlike a Limited Liability Partnership (LLP) or a Corporation, a Sole Proprietorship does not have a separate legal identity from its owner, meaning the individual is personally responsible for all business liabilities.
The Government of India has simplified the process of Sole Proprietorship registration, making it easier and faster. The new streamlined process allows business owners to quickly register their business by choosing a business name and applying for Shop Act Registration.
At Sterling , we specialize in assisting entrepreneurs with legal documentation for Sole Proprietorship Registration across major cities in India, including Mumbai, Delhi, Bangalore, Pune, Chennai, and more. Our services are efficient, reliable, and hassle-free, ensuring a smooth registration process for your business.
Let us help you establish your Sole Proprietorship with ease!
Legal Compliances for sole proprietorship firm
- Income Tax Return: Business owner at end of financial year need to prepare it financial statements such as Profit and loss statement and Balance sheet. And apply for filing income tax return.
- GST Returns: If business owner who applied for GST registration then , need to file GST Returns on month or quarterly basis.
Advantages Of Proprietorship Registration
Quick & Easy Proprietorship Registration
Starting a proprietorship business has never been easier! You can register your proprietorship firm within just a few days.
Our team will assist you in registering your business name with the Secretary of State or the Department of Corporations in your jurisdiction, ensuring a smooth and hassle-free process.
Get started today with ease and confidence!
Minimum compliances
Proprietorship business have little compliance burden as compared to Private Limited Companies,hence owner can more focus on other functional and core areas
Complete Control as the Sole Owner
As the sole owner of your business, you have the advantage of quick decision-making and full control over management and operations. Without the need to follow lengthy processes or complex procedures, you can efficiently run and grow your business. This sense of ownership and independence serves as a strong motivation to drive success and expansion.
Relatively less Expensive
A Sole Proprietorship is less expensive as compared to a One Person Company (OPC), Private Limited Company, Public Companies, and also due to the minimum compliance requirements, it is inexpensive even over the long-term.
Better control
In Sole Proprietorship business the proprietor has full control over each and every activity of the business. Since the proprietor has all authority with him, it is possible to exercise better control over business.
Minimal Requirements for Proprietorship
Starting a proprietorship business is simple and requires just one person. Unlike a Private Limited Company or Limited Liability Partnership (LLP), a proprietorship firm is not required to file with the Ministry of Corporate Affairs (MCA). Additionally, annual audits are only necessary if the turnover exceeds the specified limit, making compliance hassle-free and straightforward.
List of Documents for Proprietorship Registration
Photo, Address Proof and Other Documents
Latest Passport Size Photograph
Aadhar Card
PAN Card
Light bill of Office Address (Residential address can be used)
Photo of Premises
Process Flow
Verification of documents
Filing of Application of Proprietorship Registration
Get Approval for Shop Act Registration
Advise on Compliances to be Maintained
Why only Sterling !!
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