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PROPRIETORSHIP FIRM A sole proprietorship is a
business that is owned, managed and controlled by
one person. It is one of the most common forms of
business in India, used by small businesses
operating in the unorganized sectors.
Proprietorships are very easy to start and have
very minimal regulatory compliance requirement
for getting started. However, after the startup
phase, proprietorship's do not offer the promoter
a host of other benefits such as limited
liability, separate legal entity, independent
existence, transferability, etc., which are
desirable features for any business. Therefore,
proprietorship's are suited for unorganized,
small businesses that will have a limited
existence. Proprietorship Firm Registration in
many way 1. Registration under Labour Department
in State. 2. One Person Company
Registration under MCA Department (Registered as
Private Limited Company) 3. GST Registration  
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HOW IT WORKS

• DOCUMENTS REQUIRED
• DOCUMENTS REQUIRED FOR PROPRIETORSHIP FIRM
• Copy of PAN Card OF Proprietor.
• Address Proof OF Proprietor
• Address proof of Proposed Office Premises (Latest
  Electricity or Telephone Bills or Municipal
  Taxes)
• If address is rented then, Rent Agreement along
  with the address proof of the owner.
•  

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• Copy of Bank Statement of the proprietor.
• INFORMATION REQUIRED FOR PROPRIETORSHIP FIRM
• Name and address of the firm.
• Detailed Business Activities.
• Number of Employees/proposed employees.
• Details of all the Employees with Designations.

WHAT YOU GET Certificate of Registration  
ADVANTAGE PROCESS         Collection of
Documents.         Prepare of the
documents.         Filing of Registration Form
with the Concerned Department.        
Assistance in Opening Bank account of
Proprietorship Firm.  
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FAQ'S Q1.      What are the requirements to be a
proprietorship? Only one person is required to
start a Proprietorship and a Proprietorship can
have only one promoter. Q2.      What are the
documents required to start a Proprietorship? PAN
Card for the Proprietor along with identity and
address proof is sufficient to start a
Proprietorship and obtain other registration, as
applicable or required. Q3.      What is the
capital required to start a proprietorship? There
is no limit on the minimum capital for starting a
Proprietorship. Therefore, a Proprietorship can
be started with any amount of minimum capital.
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Q4.      How to open a bank account for a
proprietorship? To open a bank account for a
Proprietorship, Reserve Bank of India mandates
that the proprietor provide two forms of
registration for the Proprietorship along with
the PAN Card, identity proof and address proof of
the Proprietor. The two forms of registration can
be any two of the following service tax
registration, MSME registration, VAT/TIN/CST
registration, shop establishment Act
registration, Professional license, Chartered
Accountant certificate or others as provided in
the RBI Know Your Customer norms. Q5.      Will
my proprietorship firm have a separate legal
identity? No, the Proprietorship firm and the
Proprietor are one and the same. The PAN Card of
the Proprietor will be the PAN Card of the
Proprietorship business. Therefore, there will be
no separate legal identity for the business. The
assets and liabilities of the Proprietorship
business and the Proprietor will also be one and
the same.
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Q7.      How to register the name of
proprietorship? There is no registry or
regulation for the registering the name of a
Proprietorship. Therefore, proprietorship firms
can adopt any name that do not infringe on
registered trademarks. Since there are no
registry or regulation for registering the name
of a Proprietorship, the only way to ensure
exclusive use of the business name is to obtain a
trademark registration of the business
name. Q8.      How can I transfer my
proprietorship? A business operated by
proprietorship firm cannot be transferred to
another person, unlike a Limited Liability
Partnership or a Private Limited Company. Only
the assets in the Proprietorship can be
transferred to another person through sale.
Intangible assets like Government approvals,
registrations, etc., cannot be transferred to
another person.