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Sole Proprietorship

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What is Sole proprietorship ?

Sole proprietorship is a very common form of business organisation.

Sole proprietorship is a form of business organization where the owner is the only person who profits and takes risks. This word "solo" means "only one." The word "proprietor" means "owner". So, a sole proprietor is someone with only one Owner.

List of Documents Required for Registration

✔Aadhar Card
✔Pan Card
✔Bank Account
✔Proof of Address- Registered Office

List of Registrations Required for Sole Properietorship

✘GST Registration
✘hop and Establishment Act License
✘ SME Registration

Sole Proprietorship Registration In India. Procedure & Advantages

Sole Proprietorship | Advantages | Registration | Procedure | Documents | Compliances

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Who can opt for Sole Proprietorship?

Any individual who wants to start a business but with less capital investment can opt for Sole Proprietorship. It can be started in just 3-7 days with the help of Smart Accountants.

Proprietorship

Steps to Start Your Business as Proprietor

The basic procedure followed to register Proprietorship Business are as follows:

Apply for a PAN Card.
Obtain a PAN Card Or if an individual has a PAN Card, the next step is to register a name for your sole proprietor business.
Obtain Basic Registration Documents
You need to obtain Registration Certificates under the Shop & Establishment Act, GST Certificate and MSME Certificate
Apply for a bank account
The next step after registering the name is to get a bank account on the name to initiate all the further transactions.
Smart Accountants

Key Registrations for Sole Proprietorship

Apart from the registration certificates, an individual is also accountable for submitting other documents.

2015 — Present

MSME Registration

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Tax Registration

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Brand Identity

Trademark Registration

Protect your brand name, secure a trademark now

Register your Trademark via Smart Accountants

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Registering a proprietorship

Registering a proprietorship firm in India requires no major formalities. Further, a proprietorship firm exhibits a few advantages and disadvantages to be taken care of moving forward.

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Apart from excellent customer service, we provide

Features

RPA
Cloud Services
Compliance
Automation
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So what you get
Business Consulting
0%
Marketing Efforts
0%
Data Organisation
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Profit Growth
0%
Stress
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Other Services
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A refreshing start: Coca Cola was originally initiated as a Sole Proprietor!

Check this out to know about our inspiring journey since inception

The product that has given the world its best-known taste was born in Atlanta, Georgia on May 8, 1886. Dr. John Stith Pemberton, a local pharmacist, produced the syrup for Coca-Cola®, and carried a jug of the new product down the street to Jacobs’ Pharmacy where it was sampled and pronounced excellent. It was then sold for five cents a glass as a soda fountain drink at Jacobs’ Pharmacy. Dr. Pemberton never realized how popular his drink would become. He gradually sold pieces of his business to partners. Near the end, he sold his remaining interest in Coca-Cola to Asa G. Candler who had great business skills. Mr. Candler then bought some more rights and got control of the company from there on out. On May 1, 1889, Asa Candler published a full-page advertisement in The Atlanta Journal. The advertisement proclaims that his wholesale and retail drug business as “sole proprietors of Coca-Cola ... Delicious. Refreshing. Exhilarating. Invigorating . He did not own it until 1891, but he needed $ 2,300 to make it his business. Mr. Candler formed The Coca-Cola Corporation in 1892.

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We provides you with a full management functionality that results in faster revenue, more users, and the ability to serve your users better engaging with them efficiently.
Is There a Free Trial?
We provides you with a full management functionality that results in faster revenue, more users, and the ability to serve your users better engaging with them efficiently.
Is There a Free Trial?
We provides you with a full management functionality that results in faster revenue, more users, and the ability to serve your users better engaging with them efficiently.

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