Rated 4.9/5 by 500+ Entrepreneurs
+ GST | Govt. fee extra
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 the simplest and most popular form of business organization in India. It is owned, managed, and controlled by a single individual. Since the owner and the business are legally the same entity, all profits belong to the proprietor, while liabilities are borne personally by the owner.
Due to low compliance requirements and easy setup, sole proprietorships are ideal for retailers, service providers, consultants, freelancers, home businesses, and small traders.
TaxCrafted Solutions provides complete support for setting up your Proprietorship Firm online with expert guidance at every stage.
A Sole Proprietorship is an unincorporated business owned by one person. There is no separate legal identity between the owner and the business. The proprietor has complete authority over operations, finances, and decision-making.
Depending upon the nature of the business, registrations such as GST Registration, Udyam Registration, Shop and Establishment License, and FSSAI License may be required.
This structure is best suited for small businesses and entrepreneurs looking for an affordable and flexible business model.
1. Easy to Start
A Proprietorship Firm can be started quickly with minimal documentation and compliance requirements.
2. Complete Control
The owner has full authority over management, operations, and decision-making.
3. Low Cost of Registration
Registration and maintenance costs are significantly lower compared to LLPs and Private Limited Companies.
4.Simple Taxation
Business income is treated as the proprietor’s personal income, making tax filing straightforward.
5. Flexible Operations
The owner can easily expand, modify, or close the business without complicated procedures.
5. Better Customer Relationships
Direct interaction with customers helps build trust and long-term business relationships.
5. Easy Business Management
No board meetings or statutory compliances are required as in companies.
1. Unlimited Liability
The proprietor is personally liable for all business debts and obligations.
2. No Separate Legal Identity
The business and owner are considered the same entity.
3. Limited Fund Raising Options
Raising capital from investors is difficult because there are no shares or equity participation.
4. Lack of Perpetual Succession
The business may cease upon the death or incapacity of the proprietor.
To start a sole proprietorship in India, you typically need to:
To register a sole proprietorship, you must:
Identity Proof:
Address Proof:
Business Address Proof
Other Documents:
Additional documents may be required depending upon the type of business and registrations needed.
Step 1:
Step 2: Obtain Required Registrations
Apply for GST Registration, Udyam Registration, and other necessary licenses.
Step 3: Obtain Local Licenses
Secure Shop and Establishment License and other industry-specific approvals.
Step 4: Open a Current Account
Open a business bank account to manage transactions efficiently.
Step 5: Start Business Operations
Begin your business legally with all required registrations and compliance in place.
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.
A Proprietorship Firm can raise funds through:
At TaxCrafted Solutions, we simplify the entire registration and compliance process for Sole Proprietorship businesses.
Expert Guidance: Experienced professionals assist you throughout the registration process.
End-to-End Support: From GST registration to annual tax filing, we manage everything.
Affordable Pricing: Transparent pricing with no hidden charges.
Quick Processing: Fast online registration with timely updates.
Post Registration Support: Continuous assistance for GST filing, ITR filing, and compliance.
Pan India Services: Online services available across India.
Common queries about Pvt Ltd Registration.
Any Indian citizen above 18 years of age with valid identity and address proof can start a Sole Proprietorship business.
The registration cost depends on the licenses and registrations required. GST and Udyam registrations are free on the government portal, while professional fees and other licenses may vary.
GST registration is mandatory only if the business turnover exceeds the prescribed threshold limit or if the business falls under compulsory GST registration categories.
A Proprietorship Firm is established by obtaining registrations such as GST Registration, Udyam Registration, Shop and Establishment License, and opening a business current account.
Generally, Proprietorship Registration can be completed within 10 to 15 working days, depending upon document verification and approvals.
No. A Sole Proprietorship can only be owned by an Indian resident. NRIs generally need to opt for other business structures such as Private Limited Companies or LLPs subject to FEMA regulations.
You need PAN Card, Aadhaar Card, address proof, bank details, photographs, and business address proof. Additional documents may be required depending on the nature of the business.
Yes. It is ideal for freelancers, consultants, shop owners, and small businesses due to its simple structure, low cost, and minimal compliance requirements.
Income Tax Return filing, GST return filing (if applicable), bookkeeping, TDS compliance, and maintaining financial records are the primary compliances.
Yes. Proprietorship businesses can obtain loans from banks, NBFCs, and financial institutions. Funding can also come from personal savings and family investments.
Proprietorship Registration refers to obtaining the necessary registrations and licenses required to legally operate a business under a single owner.
A Proprietorship is suitable for small businesses with low compliance requirements, whereas a Private Limited Company is ideal for businesses seeking external funding and scalability.
Choose a business name, obtain GST and Udyam registrations if applicable, secure necessary licenses, open a current account, and begin operations.
Only one person is required to start and operate a Sole Proprietorship.
A Proprietorship offers easy setup, low costs, complete control, simple taxation, and minimal compliance requirements.
Yes. As your business grows, a Sole Proprietorship can be converted into an LLP or Private Limited Company to obtain a separate legal identity and attract investment.
TaxCrafted Solutions provides complete support for Proprietorship Registration, GST Registration, Udyam Registration, tax filing, and ongoing compliance with transparent pricing and expert assistance.
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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