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COMPANIES REGISTERED
YEARS EXPERIENCE
ONLINE PROCESS
Choose the plan that fits your business goals. (Note: Government fees, stamp paper, notary, and DSC charges are borne by the client).
Get end-to-end GST registration and monthly return filing with expert assistance. We ensure timely and accurate filing of GSTR-1 and GSTR-3B, keeping your business fully compliant and stress-free.
+ GST | Govt. fee extra
Ideal for proprietorship businesses, this package covers complete GST compliance. From registration to yearly filings, get everything managed with expert guidance and software support.
+ GST | Govt. fee extra
Designed for businesses with turnover up to ₹40 lakhs, this package offers complete accounting, GST compliance, and income tax filing with professional support throughout the year.
+ GST | Govt. fee extra
A sole proprietorship is one of the most straightforward and widely preferred business structures in India. It is owned, managed, and controlled by a single individual, making it ideal for freelancers, small business owners, and first-time entrepreneurs. With minimal compliance requirements and a simple setup process, it offers a cost-effective way to start a business.
We provide complete assistance for registering your proprietorship online, ensuring a smooth, quick, and hassle-free experience with expert support at every step.
A sole proprietorship is a business where the owner and the business are legally the same entity. This means the proprietor directly earns all profits and is also personally responsible for any losses or liabilities.
The owner has full control over business operations, decision-making, and hiring. However, this also means unlimited liability. Depending on the nature of the business, registrations such as GST and licenses under the Shop and Establishment Act may be required.
This structure is best suited for small-scale and low-risk businesses.
Registering a sole proprietorship involves establishing a business under a single owner with the required licenses and registrations. While there is no formal incorporation process under the Companies Act, certain registrations may be necessary based on your business activities.
These may include GST registration, Udyam (MSME) registration, and local licenses such as the Shop and Establishment certificate.
1. Simple Setup with Minimal Compliance
Starting a sole proprietorship is easy and requires fewer formalities compared to other business structures like LLPs or companies.
2. Full Control Over Business
The owner has complete authority over operations and decisions, allowing for faster execution and flexibility.
3. Tax Advantages
Business income is taxed as personal income, which may help reduce overall tax liability and allow certain deductions.
4. Direct Customer Interaction
Proprietors can build strong relationships with customers through direct engagement, enhancing trust and loyalty.
5. Flexible Hiring Options
You can hire employees or work with consultants while maintaining full control over the business.
1. Unlimited Liability
The owner is personally responsible for all business debts and obligations.
2. Limited Funding Options
Raising capital can be challenging due to the informal structure of the business.
3. No Separate Legal Identity
The business does not exist independently from the owner.
4. Continuity Risks
The business may not continue in case of the owner’s absence or incapacity.
To start a sole proprietorship in India, you typically need to:
To register a sole proprietorship, you must:
Additional documents may be required depending on the type of registration.
Step 1: Choose Business Name
Select a unique and suitable name for your business.
Step 2: Obtain Registrations
Apply for PAN (if needed), GST registration, and Udyam registration.
Step 3: Get Local Licenses
Obtain the Shop and Establishment license or other required permits.
Step 4: Open Current Account
Set up a business bank account to manage finances efficiently.
The cost depends on the registrations and licenses required:
Note: Fees may vary based on location and business requirements.
A sole proprietorship can typically be set up within 10–15 working days, depending on approvals and documentation.
We simplify the entire registration process by handling documentation, filings, and compliance on your behalf. With expert guidance and a streamlined online system, you can track progress and get full support even after registration.
Our goal is to help you start and manage your business with ease, ensuring compliance and long-term success.
Common queries about Pvt Ltd Registration.
Any two individuals or corporate bodies can form an LLP. However, there must be at least two "Designated Partners" who are actual humans, and at least one must be an Indian resident.
At TaxCrafted, our basic Incorporation package is ₹2,899 (+ GST), and our complete Incorporation & Compliance package is ₹9,899 (+ GST). Please note that government fees, stamp paper, notary, and DSC charges are extra and paid directly at actuals.
It is not mandatory just because you register an LLP. You only need to register for GST if your annual turnover crosses the government threshold (usually ₹40 Lakhs for goods / ₹20 Lakhs for services) or if you are selling across state borders.
Simply reach out to TaxCrafted, provide your basic KYC documents, and pick your package! We handle the digital signatures, name approval, forms, and the LLP agreement drafting for you.
It is a unique identification number assigned by the government to any individual who wishes to be a designated partner in an LLP. It functions exactly like a DIN for company directors.
With our expedited online process, it generally takes just 7 to 10 days, provided all your documents are accurate and ready to go.
Yes, they can! They just need to provide their passport and valid address proofs. However, the LLP must still have at least one designated partner who lives in India.
Yes, 100% FDI is allowed under the automatic route for LLPs, provided they operate in sectors where 100% FDI is currently permitted by the government.
Absolutely. Converting is a highly recommended move to gain the benefit of limited liability and protect your personal assets.
You need PAN cards, ID proofs (Aadhaar/Voter ID), recent address proofs (bank statements/utility bills), passport photos for all partners, and a rent agreement/utility bill for the registered office.
Yes, it is fantastic for professional service providers, agencies, and small-to-medium businesses that want corporate legal status and asset protection without the heavy compliance burden of a Private Limited Company.
Every year, an LLP must file Form-11 (Annual Return) and Form-8 (Statement of Account & Solvency) with the MCA, alongside standard income tax returns. TaxCrafted’s ₹9,899 package covers all of this for your first year!
You can raise funds through business loans or by bringing in new partners who inject capital. However, because LLPs don't have equity shares, it is very difficult to raise money from traditional Angel Investors or Venture Capitalists.
It is the formal legal process of registering your partnership business with the Ministry of Corporate Affairs, granting it a separate legal identity and limiting your personal financial liability.
If you plan to raise venture capital or issue stock options (ESOPs), a Private Limited Company is better. If you are self-funding, want fewer regulatory headaches, and want lower maintenance costs, an LLP is the better choice.
Gather a partner, decide on a unique name, collect your basic KYC documents, and contact TaxCrafted. We will launch the process via the MCA portal on your behalf.
You need an absolute minimum of two people to start.
The main benefits are limited personal liability, a separate legal identity, lower registration and maintenance costs, and no mandatory minimum capital requirements.
To join an existing LLP, you must agree to the terms, make your capital contribution, and sign a revised LLP Agreement. The existing designated partners will then file the necessary updates with the MCA to officially add you to the business.
Taxcrafted Solutions is a trusted tax consultant in Delhi. We offer GST, ITR, TDS, company registration & compliance services with expert CAs.
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