Sole Proprietorship

A Sole Proprietorship is the simplest and most common form of business in India, ideal for small traders, service providers, and freelancers. It allows one individual to own, manage, and control the entire business with minimal compliance requirements. Our team helps you set up and operate your proprietorship smoothly, ensuring tax and regulatory compliance while keeping costs low.

🔹 Key Benefits

  • Quick & Easy Setup – Minimal paperwork and fast registration process.
  • Low Compliance – Fewer regulations compared to companies or LLPs.
  • Full Control – Owner enjoys complete authority over profits and decisions.
  • Flexible Operations – Best suited for small-scale businesses, freelancers, and local trade.
  • Cost-Effective – No requirement of large investments or complex filings.

🔹 Who Needs This Service?

  • Retail shop owners and local traders.
  • Small service providers and consultants.
  • Freelancers and professionals (designers, tutors, etc.).
  • Entrepreneurs testing business ideas before scaling up.

🔹 Process We Follow

  1. Initial Consultation – Understanding your business nature and requirements.
  2. Name & Business Setup – Guidance on business name selection and setup.
  3. Mandatory Registrations – PAN, Aadhaar, and applicable licenses (GST, Shops & Establishments, MSME, etc.).
  4. Bank Account Opening – Assistance in opening a current account for business transactions.
  5. Tax & Compliance Advisory – Income tax filing, GST compliance (if applicable), and future conversion options.

🔹 Why Choose Us?

  • Expertise in setting up small-scale businesses with minimum compliance hassle.
  • End-to-end support for registration, licensing, tax filing, and compliance.
  • Guidance on when and how to upgrade from proprietorship to LLP or Pvt Ltd.
  • Trusted by startups, traders, and freelancers across multiple industries.

🔹 FAQs

  1. Q1. Is Sole Proprietorship a registered company?
    No, it is not a separate legal entity like a company. The business and owner are the same.
  2. Q2. Do I need GST for a Sole Proprietorship?
    GST is mandatory only if your turnover exceeds the threshold limit or if you deal in interstate trade/e-commerce.
  3. Q3. Can a Sole Proprietorship be converted later?
    Yes, it can be converted into LLP or Private Limited Company as the business expands.
  4. Q4. What is the compliance burden in a proprietorship?
    Very minimal — mostly annual income tax filing and GST filing (if applicable).