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Register A Proprietorship Effortlessly

Register your business with India's leading consultancy firm. Register your business starting at INR 999 only.CharteredMunshi's price for a sole proprietor is INR 999* including GST.

Propreitorship in India can be registered in following 2 ways

  • Shop and establishment.

  • GST registration.

What's for you

 

  • GST registration

  • Shop and establishment certificate

Documents required from members

  • Company Name

  • Aadhar & PAN card.

  • Office Address Proof

  • Photo ID proof

  • Passport size photo

  • Email and phone number

Documents required for registered office address
 

  • Electricity bill/Gas bill/mobile bill

  • NOC from the landlord if premises is rented.

Sole Proprietorship?

Sole proprietorship, also known as a sole trader, an independent businessman or a business owner,is a type of business that is owned and controlled by a single person and in which there is no legal distinction between the owner and the business entity.

The sole trader shall receive all revenues (subject to company-specific taxation) and shall have unlimited liability for all losses and debts. Each asset of the business is the owner's assets, and all the debts of the business also belong to owners.

Advantages And Disadvantages Of Sole Proprietorship

  • Easy to set up

    An Indian citizen may start proprietorships in India. Since no legal entity exists, the PAN Proprietors are used as the criterion for all registrations and enforcement. Udyog Aadhaar registration and Trademark Registration can be done using the promoter's PAN and Aadhaar to establish and secure the company identity.

  • Sole Gain Beneficiary

    No business other than that of a sole owner and a company of one person shall be entitled to the owner as of the sole beneficiary of the profits. A minimum of at least two persons shall be involved in any other type of entity such as a partnership, LLP, or company.

  • Compliance and Taxation

    Since a company is not registered with any government authority, such as the Ministry of Corporate Affairs, the requirements for compliance are marginal. In addition, the owner would only have to file tax returns if the organization had more than INR 2.5 lakhs of taxable income annually. In the case of owners who have reached the age of 60 years or more during the preceding year, the filing of income tax will only be required if the taxable income is more than INR 3 lakhs. In the case of owners who have reached the age of 80 years or more during the preceding year, the filing of income tax would only be required if the taxable income is more thanINR 5 lakhs.

  • Why is sole proprietorship better than partnership?

    It's easier to operate:As a single person is at the head of the table of affairs, it is easier to act as the individual will be the sole decision-maker, and there is no need to consider a myriad of opinions. There is no concept of a council meeting or approval by other individuals in a business firm.

Why CharteredMunshi ?

We value all our customers and attempt to offer our services as though they were our 'first client'. We ensure that the process is fast and smooth. Unlike others, we do not outsource our work and offer in house services coming through our specialists who are experts in their respective fields. We will assign you a dedicated manager who will support you from the start to end of the process and address any queries that you might have.

With every service we provide 

  • Free consultation and meetings for the understanding scope of work.

  • Updates on various regulations and compliances.

  • Assisting in opening a current account.

  • A dedicated manager for clearing your doubts.

  • How can I register a private limited company?
    A private limited company can be registered from any place including residential premises. You just need proper proof to show it as the registered office of the company. However, GST registration from residential places is prohibited under law.
  • Is GST mandatory for private limited?
    As on 11.01.2021, GST is not mandatory for private limited company.
  • How much does it cost to incorporate a private limited company?
    CharteredMunshi offers incorporation of the private limited company at affordable prices.Please contact 8929280220 for more details.
  • What is the minimum capital required for a private limited company?
    There is no minimum requirement for capital for a private limited company.
  • What is the maximum number of members a private limited company can have?
    There is a ceiling of 200 members in case of a private limited company.
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