Overview

Benefits

Limits

Process

FAQs

Overview

Benefits

Limits

Process

FAQs

Overview

Benefits

Limits

Process

FAQs

Overview

Overview

A sole proprietorship is the most straightforward way to start a business as an individual. It offers full control, low cost, and faster market entry with basic regulatory compliance.

Biz Pillar simplifies proprietorship setup by handling MSME, GST, and local registrations so your business is legally recognised from day one.

Checklist for Sole Proprietorship Firm

The checklist for registering a sole proprietorship in India are:

  • The applicant should be above 18 years

  • The applicant should be an Indian Citizen

  • They should have the legal capacity to enter into a contract

  • The proprietor should not have any legal disabilities

  • Applicant should not be declared bankrupt or convicted for a felony previously

  • The purpose of the business should be clearly outlined while starting a sole proprietorship

  • The business should be a lawful activity and should prevent selling illegal goods and services

  • The business should have a unique name that was not registered previously.

Advantages of Sole Proprietorship Reg.

A sole proprietorship is one of the simplest and most common forms of business in India. Below are the key benefits of registering a sole proprietorship:

Easy to Start & Low Compliance Requirements

A sole proprietorship is generally inexpensive to start compared to other business structures like corporations or LLPs.

Easy to Start & Low Compliance Requirements

A sole proprietorship is generally inexpensive to start compared to other business structures like corporations or LLPs.

Easy to Start & Low Compliance Requirements

A sole proprietorship is generally inexpensive to start compared to other business structures like corporations or LLPs.

Easy to Start & Low Compliance Requirements

A sole proprietorship is generally inexpensive to start compared to other business structures like corporations or LLPs.

Complete Control & Quick Decision-Making

The sole proprietor has full ownership and control over business operations. This allows for faster decision-making without the need for approvals from partners or a board. It's ideal for small business owners, local traders, and service providers who value autonomy.

Complete Control & Quick Decision-Making

The sole proprietor has full ownership and control over business operations. This allows for faster decision-making without the need for approvals from partners or a board. It's ideal for small business owners, local traders, and service providers who value autonomy.

Complete Control & Quick Decision-Making

The sole proprietor has full ownership and control over business operations. This allows for faster decision-making without the need for approvals from partners or a board. It's ideal for small business owners, local traders, and service providers who value autonomy.

Complete Control & Quick Decision-Making

The sole proprietor has full ownership and control over business operations. This allows for faster decision-making without the need for approvals from partners or a board. It's ideal for small business owners, local traders, and service providers who value autonomy.

Tax Benefits & Savings

Sole proprietorships are taxed as individual income, which can result in lower tax liability. In some cases, proprietors may also be eligible for deductions up to 20%, helping reduce their overall tax burden.

Tax Benefits & Savings

Sole proprietorships are taxed as individual income, which can result in lower tax liability. In some cases, proprietors may also be eligible for deductions up to 20%, helping reduce their overall tax burden.

Tax Benefits & Savings

Sole proprietorships are taxed as individual income, which can result in lower tax liability. In some cases, proprietors may also be eligible for deductions up to 20%, helping reduce their overall tax burden.

Tax Benefits & Savings

Sole proprietorships are taxed as individual income, which can result in lower tax liability. In some cases, proprietors may also be eligible for deductions up to 20%, helping reduce their overall tax burden.

Direct Customer Relationships

A sole proprietorship enables close interaction with customers. The proprietor can address feedback directly, build trust, and develop strong, personalized client relationships—especially important for service businesses and local shops.

Direct Customer Relationships

A sole proprietorship enables close interaction with customers. The proprietor can address feedback directly, build trust, and develop strong, personalized client relationships—especially important for service businesses and local shops.

Direct Customer Relationships

A sole proprietorship enables close interaction with customers. The proprietor can address feedback directly, build trust, and develop strong, personalized client relationships—especially important for service businesses and local shops.

Direct Customer Relationships

A sole proprietorship enables close interaction with customers. The proprietor can address feedback directly, build trust, and develop strong, personalized client relationships—especially important for service businesses and local shops.

Flexibility in Hiring Employees

Sole proprietors can hire employees or work with independent consultants. These consultants provide input as recommendations, allowing the owner to retain control while still gaining expert support when needed.

Flexibility in Hiring Employees

Sole proprietors can hire employees or work with independent consultants. These consultants provide input as recommendations, allowing the owner to retain control while still gaining expert support when needed.

Flexibility in Hiring Employees

Sole proprietors can hire employees or work with independent consultants. These consultants provide input as recommendations, allowing the owner to retain control while still gaining expert support when needed.

Flexibility in Hiring Employees

Sole proprietors can hire employees or work with independent consultants. These consultants provide input as recommendations, allowing the owner to retain control while still gaining expert support when needed.

Considerations & Limitations

While there are many advantages, it's important to be aware of the potential Procure required license including FSSAI license or shop and establishment Act license. Drawbacks of a sole proprietorship:

  • Limited access to funding: Sole proprietorships may struggle to raise capital due to lack of formal structure and investor confidence.

  • No continuity: The business does not have a separate legal existence. It may cease to exist upon the death or incapacity of the owner.

  • Limited credibility: Without formal registration, it can be harder to build trust or enter into large-scale contracts.

Ready to Launch Your Firm Now!

We handle registrations, documentation, and compliance so you can focus on running your business.

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Essential Documents for Registration

Submitting correct documents ensures faster approval and avoids rejection or follow-ups from authorities.

6-Step Process for Registration

Biz Pillar follows a clear six-step workflow to complete your proprietorship registration efficiently.

6-Step Process for Registration

Biz Pillar follows a clear six-step workflow to complete your proprietorship registration efficiently.

Step

1

Step

4

Filing with Registrar of Firms

The Partnership Deed and application form are submitted to the state Registrar of Firms for legal registration and review.

Step

5

Payment of Stamp Duty and Fees

Stamp duty and government charges applicable in your state are paid to make the Partnership Deed legally enforceable.

Step

2

Step

3

PAN, Aadhaar, address proof, office details, and signatures are collected and verified to avoid rejection by authorities.

Step

6

Certificate of Registration Issued

Once approved by the Registrar, your Partnership Firm Registration Certificate and legally stamped deed are issued.

Step

1

Step

4

Filing with Registrar of Firms

The Partnership Deed and application form are submitted to the state Registrar of Firms for legal registration and review.

Step

5

Payment of Stamp Duty and Fees

Stamp duty and government charges applicable in your state are paid to make the Partnership Deed legally enforceable.

Step

2

Step

3

PAN, Aadhaar, address proof, office details, and signatures are collected and verified to avoid rejection by authorities.

Step

6

Certificate of Registration Issued

Once approved by the Registrar, your Partnership Firm Registration Certificate and legally stamped deed are issued.

Step

1

Step

4

Filing with Registrar of Firms

The Partnership Deed and application form are submitted to the state Registrar of Firms for legal registration and review.

Step

5

Payment of Stamp Duty and Fees

Stamp duty and government charges applicable in your state are paid to make the Partnership Deed legally enforceable.

Step

2

Step

3

PAN, Aadhaar, address proof, office details, and signatures are collected and verified to avoid rejection by authorities.

Step

6

Certificate of Registration Issued

Once approved by the Registrar, your Partnership Firm Registration Certificate and legally stamped deed are issued.

Step

1

Step

4

Filing with Registrar of Firms

The Partnership Deed and application form are submitted to the state Registrar of Firms for legal registration and review.

Step

5

Payment of Stamp Duty and Fees

Stamp duty and government charges applicable in your state are paid to make the Partnership Deed legally enforceable.

Step

2

Step

3

PAN, Aadhaar, address proof, office details, and signatures are collected and verified to avoid rejection by authorities.

Step

6

Certificate of Registration Issued

Once approved by the Registrar, your Partnership Firm Registration Certificate and legally stamped deed are issued.

Questions & Answers

Have more questions? Don't hesitate to email us:

+91 8950220841
hello@bizpillar.com
01

What registrations are needed for sole proprietorship?

Usually MSME and GST if applicable, plus shop license in some states.

02

Is GST mandatory for proprietorship?

03

Can I open a current account?

04

Can a proprietorship be converted later?

Questions & Answers

Have more questions? Don't hesitate to email us:

+91 8950220841
hello@bizpillar.com
01

What registrations are needed for sole proprietorship?

Usually MSME and GST if applicable, plus shop license in some states.

02

Is GST mandatory for proprietorship?

03

Can I open a current account?

04

Can a proprietorship be converted later?

Questions & Answers

Have more questions? Don't hesitate to email us:

+91 8950220841
hello@bizpillar.com
01

What registrations are needed for sole proprietorship?

Usually MSME and GST if applicable, plus shop license in some states.

02

Is GST mandatory for proprietorship?

03

Can I open a current account?

04

Can a proprietorship be converted later?

Questions & Answers

Have more questions? Don't hesitate to email us:

+91 8950220841
hello@bizpillar.com
01

What registrations are needed for sole proprietorship?

Usually MSME and GST if applicable, plus shop license in some states.

02

Is GST mandatory for proprietorship?

03

Can I open a current account?

04

Can a proprietorship be converted later?