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A Sole proprietorship is a business which is owned, managed and controlled by a single person. It is one of the most common form of business in India, utilized by small businesses operating in the unorganized sectors.
Proprietorship is recognized by other registrations, such as a service or sales tax registration. It has too many shortcomings, such as unlimited liability of proprietor, and it does not have continuous existence. For these reasons it is considered by small merchants and traders as a business structure. Sole Proprietorship Registration is done through Srifintax.
You are required to fill your details in our simple questionnaire and submit documents.
For further procedures, details provided by you will be verified by our experts.
We will create all the required documents and file them with appropriate authority.
Once your proprietorship is incorporated, we will intimate you about the same.
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Proprietorship
Proprietorship
Proprietorship
Only one person is required to start a proprietorship as it can have only one promoter.
As per industry standards, it’s up to 15 business days but being expert in the industry, we complete the process within 7-10 business days, unless some objection is raised by the authority.
There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.
You can always choose to restructure your business at any point of time. Whenever you decide your business might be outgrowing its status as a sole proprietorship, whether you're looking to take on partners or investors, or you want the benefit of different tax options and liability protection. we have expert resources to help you find the business structure that's right for you.
Following are the proprietor documents which are required for registration of firm under MSME.
Copy of Aadhar Card
PAN card of the Sole Proprietor
Details of Business Place
Are you ready to start your business?