Starting @ ₹ 799/-
Complete Owner Control : Full autonomy in business decisions and operations.
Instant Setup : No complex procedures or lengthy approvals required.
Direct Tax Benefits : Business losses offset against other income sources.
Minimal Compliance : Simple record keeping and basic tax obligations.
Best value with transparent pricing, expert support, and full compliance throughout.
Comprehensive service with full documentation and support.
Comprehensive service with full documentation and support.
Comprehensive service with full documentation and support.
Choose your business name and verify availability across trademark databases and domain registrations.
Apply for Shop & Establishment license from local municipal corporation or district collector office.
Apply for GST registration if expected turnover exceeds threshold or for interstate business operations.
Apply for separate business PAN card using Form 49A with supporting business documents.
Open current account in business name using shop license and PAN as primary documentation.
Apply for trade license from municipal corporation if conducting manufacturing or trading business activities.
Register for professional tax with state authorities if employing staff or conducting specified business activities.
Begin operations while maintaining proper books and complying with applicable tax and regulatory requirements.
Create your account and pick the plan that fits your business — clear pricing, no hidden fees.
Easily upload necessary documents securely. We ensure privacy and clarity at every step.
Our experts handle all the legal and compliance work for you — stress-free and quick.
Receive your registration certificate and documents via email. You're officially in business!
Here is s a quick checklist of documents you will need to get started smoothly.
Sole decision-making power allows quick responses to market changes. No need for partner consultations or board approvals for business strategies.
Can start operations immediately without complex registrations. Minimal paperwork and government approvals compared to other business structures enable quick launch.
Lowest formation and maintenance costs among all business structures. No mandatory audit fees, director fees or complex compliance expenses.
Business income treated as personal income simplifying tax calculations. Single ITR filing covers both personal and business income streams.
Financial information remains confidential without public disclosure requirements. Competitive advantage through protected business strategies and financial performance data.
Personal assets liable for business debts and legal obligations. No separation between personal and business liabilities can risk family assets.
Restricted capital availability dependent on owner's personal finances. Cannot issue shares or raise equity funding from external investors or venture capitalists.
Business ceases to exist upon owner's death or incapacity. Lack of legal succession affects long-term contracts and business relationships.
Lower perceived legitimacy compared to incorporated entities. Large clients and institutions may prefer dealing with registered companies over individual proprietors.
Scaling challenges due to capital constraints and single-person management. Difficulty in attracting professional talent without equity participation options.
File annual ITR including business income and expenses. Maintain proper books of accounts if turnover exceeds specified limits. Late filing attracts penalties and interest on tax dues.
File monthly or quarterly GST returns if registered. Maintain input tax credit records, issue proper invoices and make timely payments to avoid penalties and compliance notices.
Pay professional tax to state government if employing staff or conducting specified activities. Rates vary by state and failure to pay attracts penalties and business closure notices.
Deduct TDS on payments exceeding threshold limits like rent, professional services and commissions. File quarterly returns and issue certificates to avoid penalties and assessor notices.
Renew shop and establishment license annually with local authorities. Display license prominently at business premises and update any changes in business activities or address.
Maintain valid trade license for manufacturing or trading activities. Comply with conditions specified in license and renew before expiry to avoid business closure orders.
Register under applicable labour laws if employing staff. Maintain attendance records, provide statutory benefits like PF and ESIC and comply with minimum wage requirements.
Maintain separate business bank account and proper transaction records. Ensure all business receipts and payments are routed through business account for tax and audit purposes.
Maintain bills, vouchers and receipts for all business expenses. Proper documentation essential for tax deductions and in case of income tax scrutiny or assessment proceedings.
Key Benefits of Sole Proprietorship Business
Complete decision-making authority without consulting partners or board members. Owner enjoys absolute freedom in business direction and operational choices.
Business can be closed instantly without complex legal procedures. No regulatory approvals or lengthy winding up processes required for discontinuation.
Owner retains 100% of business profits without sharing with partners or investors. Direct correlation between effort and financial rewards.
Minimal capital requirements with no mandatory minimum investment limits. Perfect for bootstrapped startups and service-based businesses with low overheads.
Business income clubbed with personal income enabling lower tax slabs. Losses can be set off against salary or other income sources.
Financial details remain confidential without mandatory public disclosures. Business information protected from competitors and public scrutiny unlike companies.
Trustpilot
Perfect for my consulting business! Quick setup and ongoing support made everything smooth and professional.
Sole proprietorship is not a separate legal entity while One Person Company (OPC) is a corporate entity. OPC provides limited liability protection but requires more compliance. Sole proprietorship is simpler but offers no liability protection.
Yes, a sole proprietor can operate multiple businesses under the same ownership. However, separate licenses may be required for different business activities and proper accounting separation is recommended for tax purposes.
GST registration is mandatory if annual turnover exceeds ₹40 lakhs (₹20 lakhs for special category states). Businesses involved in inter-state supply must register regardless of turnover. Voluntary registration is also allowed.
Yes, sole proprietors can hire employees. You need to register under applicable labour laws, obtain necessary registrations like PF and ESIC, maintain employee records and comply with minimum wage and other labour regulations.
Business income is added to proprietor's personal income and taxed at applicable individual tax rates. Business losses can be set off against other income sources. Separate business PAN may be obtained but ITR filing remains individual.
Yes, you can incorporate a private limited company and transfer business assets and liabilities to it. This involves fresh company registration and asset transfer procedures. The sole proprietorship ceases to exist after transfer.
The business automatically ceases to exist upon proprietor's death as there's no separate legal entity. Business assets become part of the estate and legal heirs can continue operations by starting fresh or transferring to a new structure.
Tax audit under Section 44AB is mandatory if business turnover exceeds ₹1 crore (₹10 crore for digital transactions). No other statutory audits are required unless specified by particular industry regulations.
Yes, banks provide business loans to sole proprietors based on business viability, cash flows and collateral security. However, the proprietor remains personally liable for loan repayment even after business closure.
Separate business PAN is not mandatory but recommended for clear business identity. Banks may require business PAN for current account opening. You can operate using personal PAN but business PAN provides better professional credibility.