Sole Proprietorship

GoodCa will register your proprietorship firm in a quick and cost effective manner

About This Plan

Proprietorship firm is the simplest business structure where the responsibility of operation and running the business lies solely with the owner. Its the most cost effective way of starting a business especially if you have a small working capital. Whether you are a goods supplier or a service provider, this plan, priced only at Rs 5500, will take you through all registration formalities required to operate as a proprietor!

  • We help you pick the right government registration
  • We connect you with a verified vendor to file the application
  • We offer continuous support until you receive the registration

Services Covered

  • Session with GoodCa Expert
  • PAN Application (if proprietor PAN not available)
  • Registration under Shop & Establishment Act and GST Act
  • Advisory on other applicable government registrations

Who Should Buy

  • Service providers providing services online or offline to clients
  • Businesses manufacturing goods
  • Traders and merchants selling goods

How It's Done

  • Purchase of Plan
  • Session with GoodCa Expert
  • Upload documents on vault
  • Receipt of Registration Certificate
10 DaysEstimate

Benefits

  • Minimum Compliance

    Sole Proprietorships have minimum compliance requirements as they are identified by government and tax registrations. Therefore, their agreements are confined to yearly filings of service, sales, or professional taxes.

  • Simple To Begin

    A Sole Proprietorship is simple to begin. One needs to simply have a GST Registration in place. This business can be set up in 15 days with the help of a PAN card.

  • Economical

    When compared to an OPC or One Person Company, a Sole Proprietorship is economical due to its minimum compliance requirements, including no need to hire an auditor. One of the main reasons why small merchants and traders choose this type of companies.


Documents Information

Documents To Be Submitted

  1. Pancard
  2. Address Proof
  3. Authorized Signatory
  4. Passport Size Photo
  5. Bank Statement
  6. No Objection Certificate From The Owner Of The Property Of The Property
  7. Ownership Proof
  8. Rent Agreement Of Your Registered Office
You can purchase this plan in below price.

5500 /-

Checklists

Frequenty Asked Questions

What is a Proprietorship?

A proprietorship/sole trading firm is a business that is owned and run by an individual person. The owner and the business are treated one and same. Proprietor is personally liable for all business debts i.e his personal property may also be used to repay business debts. Proprietorships are not regulated by any particular Act, hence there is no registration. Every buiness needs registration under Shop & Establishment Act whether it is providing a service or dealing in goods. Other registrations such as GST etc depend upon nature of product/service.

I am a sole trader. Do I need TAN registration?

TAN is Tax Deduction and Collection number which is needed if you are responsible for deducting tax at source on behalf of Income Tax Department. It is also quoted in various challans, returns etc. Not every proprietor is required to get a TAN unless it is required due to the nature of his business or profession. ClearTax expert will advise you if you need to obtain TAN.

What is the objective of the Shops & Establishments Act?

Every Indian state has enacted certain rules and regulations with regard to conditions of work. The objective is to secure uniform benefits for employees working in different establishments, from shops, commercial establishments and residential hotels to restaurants, theatres and other places of public amusement or entertainment.

When is a Shops and Establishments Act license required?

Every shop and establishment needs to register itself compulsorily under this Act within 30 days of commencement of work. As this is such a basic license, many other licenses require this as proof of a commercial business. For example, most banks will require you to furnish it if you want to open a current account.

I need to get my business registered in multiple locations within Maharashtra. Do I need to apply separately for each location?

If you have multiple places of businesses in same state, you can get them all registered under a single GST registration application. Give the name of your registered business place as primary place of busienss, the other branches can be added as additional places of business at no additional cost. There is no limit on number of branches that you can add under a single GST registration application, provided all the branches are in same State.

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