A Sole Proprietorship Registration Procedure

Quickly start your business as a proprietorship within a day. No specific registration is required for proprietorship business. However, some other registrations are required to begin. The only proprietorship is the simplest form of business in which enterprises can start. Only one person invests the entire capital in the firm, and is entitled to the profits of the business alone. The proprietor's PAN card is used as the firm's PAN. Therefore you do not need to apply for a new PAN, although TDS number, GST registration and Udyogam are advised.

Step-1:Documentation - Day - 1

The process begins with the proprietor's documentation and the place of business where the firm's business will be carried forward, ensuring that the documents are updated and correct. The list of required documents is provided above the list of documents required for your reference. We will also need information in the Questionnaire for Proprietorship Registration, for the Proprietorship Registration.

Step-2:Selection of Name - Day - 1

The first thing is to choose a unique name for your proprietorship business and the starting point should be to search for the proposed name of the business in the trademark register to avoid any infringement on someone else's trademark. To learn more on trademark

Step-3:MSME - UDYOG Aadhar - Day - 1

DSC is equivalent to physical or paper signature under the Information Technology Act. For the registration of a company, all applications to the ROC are filed in digital format signed by its proposed director. The filing process of the company registration begins with the issue of a digital signature for the shareholder and director of the company.

Step-4:GST Registration - Day - 1-7

Until GST registration is received, you may not be able to supply goods or services across India, although the limit is 20 lakh for the same state supply. It also serves as the second document document issued for proprietorship, which will be required by banks when opening a bank account in the firm's name. Learn more on GST registration.

Step-5:TAN Number Allotment - Day - 1-7

The TAN number is a permanent number allocated to the business to comply with the provisions of the tax. You need to deduct TDS while making the payment, so the next step is to get the TAN number, which is mandatory to submit TDS return.