- SSI/MSME Registration
- GST Registration
The sole proprietorship is a popular business form due to its simplicity, ease of setup, and nominal cost. A sole proprietor need only register his or her name and secure local licenses, and the sole proprietor is ready for business.
There is no government registration needed in order to start a sole proprietorship business in India. You don’t have to go to an online registration portal and fill up a form or submit any documents. However, you do need to open a current account with a bank in the name of the business.
There are only two things you need to register a sole proprietorship business in India.
1. Choose a name of business.
2. Decide a place of doing business.
Now you are ready to legally start doing business.
You don’t need to register your sole proprietorship business in India. But in order to receive payments and do expenses in the name of the business, there is a need to open a current account in a bank.
For this, we need to get proof of existence of the firm, and the address proof.
Documents needed include:
1. Pan card and address proof of proprietor.
2. Business address proof (eg: electricity bill in your name, or electricity bill + registered rent agreement, etc.)
3. Two government registration documents confirming name and address of business (shop establishment license, GST, MSME etc.)
4. CA Certificate – You can get this from any CA. They might charge you a nominal fee for giving you a certificate.
PHC Global is online advisory services platform which helps you register your organisation with great ease and with complete hassle free experience. PHC Global helps entrepreneurs register Private Limited Company, Public Limited Company, Partnership, Sole Proprietorship, One Person Company and LLP easily. You may contact us for free advisory on all the above services!
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