Compliance Services for Sole Proprietorship Firms
Welcome to TaxadvisorIndia, one of a leading tax and corporate legal consultants in Bangalore. Now you can register for Proprietorship online/offline in Bangalore, Karnataka. Get your business registered as a Sole proprietorship with several add-on services.
Easy to form a Sole Proprietorship
A sole proprietorship is the easiest form of business in India. A proprietor safeguards the capital, establishes and operates the business, assumes all the risks, hence accepts all the profits and losses, and pays all the taxes.
Sole proprietorship registration process is simple and does not have excessive regulatory compliance requirement as compared to private limited or limited liability partnership firms.
Your First Step to the Entrepreneurship World
Besides, registration of a sole proprietorship is completely optional for Indian businesses. But in order to open & maintain a bank account in the name of the business, few guidelines need to be followed. Registrations such as GST, Pan Card, MSME under Udyog Aadhar, or TAN registration may be required and a list of other relevant documents, which are termed as mandatory by a banker for opening a current account.
Based on Tax & Business Registration
Formation based on Tax and Business Registration
Since, there is no mechanism stipulated by the Government of India for the registration or incorporation of a Proprietorship, the existence of a proprietorship can be established only through tax and other business registrations.
Reasons to Choose Sole-Proprietorship Firm
Advantages of a Sole Proprietorship Company Registration
- Easy to form, no hassles
- Can be started within hours by just opening a current account
- Separate pan card is not required
- Minimum one person
- Can be closed on the will of the owner
- Ideal for small businesses like that of retail
- Minimal Compliance
- Easy to Start
- Relatively Inexpensive
How to Get Started
Sole Proprietor Company Formation Process
TaxAdvisorIndia can help startup a Proprietorship in 7 to 14 days, subject to Government processing time.
- Startup Consultation
- PAN Number
- TAN Registration
- The opening of a Current Bank Account(s)
- GST Registration
- MSME Registration
What You Need to Get Started
Minimum Requirements for registering a Sole Proprietorship
- Minimum One Person
- No Minimum Capital Required
- Pan of proprietor
- Address Proof of proprietor
- Proof of Registered Address
First Things First: Paperwork!
Document Requirements for Sole Proprietorship Firm
In India, we register the Proprietorship which is also called a Sole Proprietorship Firm or Company which is register under the Indian Proprietorship Act 1908. We require the following document to form a proprietorship firm or company.
- Two colour photos of the proprietor
- Pan card of the proprietor
- Address proof of the proprietor
- Seal of the proprietorship
- Signature on affidavits as a declaration
- Cancelled Cheque for GST registration
- Rental Agreement on the Business name if available
At TaxAdvisorIndia, we can help you establish an identity for your Proprietorship by fulfilling all the relevant and mandatory registration requirements.
Your New Proprietorship Firm in 1-2-3 Steps
- Make Payment Online
- We will assign a Dedicated Manager to service your requirement, once the payment is done
- Send the required documents via email as a scanned copy or pdf via WhatsApp: 9901114603.
Other services offered by TaxadvisorIndia: Sole Proprietorship registration, LLP Company Formation registration, One Person Company formation, Partnership Firm registration, Trademark Registration, Digital Signature, etc.