Proprietorship Firm Registration
- Fastest registration turnaround time in India with tickGuaranteed document upload to the government portal under 7 days or get a full refund
- Transparent process starting from Just ₹499 + GST
Get Started
Here’s How It Works
1
Apply for a PAN card
2
Select an appropriate company name
3
Choose the perfect servic
4
Our experts will help you to connect with an apt vendor
Excellent service and support. Nimble Trio Team is very supportive and professional. I Really appreciate the service and support from the team.
Nimble Trio has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!
Nimble Trio is exactly what it does. Legal is simple. We went to Nimble Trio to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.
Here’s What You’ll Need
Online sole proprietorship registration in India has become a quick and smooth experience—thanks to Nimble Trio! We ensure your documents stay fully protected by using top-grade security measures and industry-leading safety standards.
- PAN cards
- KYC paperwork
- A rental agreement or selling deed
- Evidence of address and identification
- Proof of your company's existence
- Registering under the Shops & Establishments Act
- Address and ID verification
Why Should I Choose Nimble Trio for Sole Proprietorship Registration Online in India?
New Company
We Register a New Company Every 9 Minutes
500K+
Businesses Served by Nimble Trio
Financial Services
All Financial Services in One Place
Quick & Affordable
Nominal rates, great turnaround time
Satisfaction
100% satisfaction guaranteed
Nimble Trio’s sole proprietorship registration service is one of the most reliable options out there! Now you can set up your sole proprietorship smoothly in just 5 simple steps!
Did you know ?
Did you know that many iconic companies—like Coca-Cola, Apple, Hewlett-Packard, Amazon, Google, Mattel, and Walt Disney—started out as sole proprietorships? Even popular Indian brands such as Flipkart and Snapdeal began the same way. If you’re aiming to build a powerful brand of your own, then this is the perfect moment to complete your sole proprietorship registration online!
Overview of Sole Proprietorship Registration on-line
A sole proprietorship is a business that is owned and managed by a single individual. This is one of the most common formats for starting a business in the unorganised sector, especially for small traders and local vendors, as it can be set up within just a couple of weeks. A proprietorship doesn’t require a separate formal registration since it becomes valid through supporting registrations like GST and other applicable licenses. However, it does not have perpetual continuity, and the owner holds unlimited liability.
Because the business and the owner are legally considered the same entity, a proprietorship cannot include partners or shareholders. The proprietor’s personal assets also remain exposed to risks arising from business activities. For this reason, this structure is best suited for micro-businesses with limited staff—typically up to five employees.
In a proprietorship setup, the single owner is fully responsible for every aspect of the business. To get started, a dedicated bank account is opened for the business, and registrations such as GST are completed using the proprietor’s PAN and Aadhaar. All assets, profits, and liabilities of the business fall directly under the owner’s responsibility.
Advantages of Sole Proprietorship Registration
Although a sole proprietorship may be recognised under certain Acts, the business does not need to file a separate tax return. The proprietor simply files their personal income tax return and reports the business’s profits or losses within it. In contrast, other business structures—like partnerships or companies—must submit independent tax returns for the entity.
However, if the proprietor has obtained GST registration, then GST returns must be filed regularly as per compliance requirements. Other than GST-related filings, no additional return is required specifically for income tax purposes.
Starting a sole proprietorship doesn’t require any mandatory formal registration. With Nimble Trio, an individual can launch a proprietorship under any chosen business name in as little as 15 days.
Setting up a business as a sole proprietorship is almost cost-free. The only expense you might encounter is for any specific license your business may require. Even that is often avoided because the overall compliance and documentation needs are very minimal.
A sole proprietorship can operate under any name, provided it doesn’t infringe on existing trademarks. The proprietor can start the business with a unique name, and once the brand gains recognition, they can later apply to register it as a trademark.
It’s important to note that a business name alone is not a trademark and can be used by others. If you wish to establish a distinct brand identity for your business, registering a trademark is essential. Trademark registration is separate from registering a sole proprietorship.
In a sole proprietorship, the single owner has complete control over the business. Unlike partnerships or private limited companies, which require at least two founders, a sole proprietorship can be fully managed by just one individual.
Checklist for Sole Proprietorship Registration
Local authorities typically issue a permission certificate under the Shop and Establishment Act.
Certificates of practice or other licenses are provided by professional bodies, such as the Institute of Chartered Accountants of India.
Registration documents are usually issued by either the central or state government.
Banks may also accept the IEC (Importer Exporter Code) issued to the proprietorship by the DGFT office as valid identification when opening business accounts.
The complete income tax return filed in the proprietor’s name, reflecting all business revenue, must be officially certified and accepted by the income tax authorities.
Utility bills in the name of the proprietorship, along with GST registration/certificate, including energy, water, and landline bills, may also serve as supporting documents.
The Sole Proprietorship Registration Process
Nimble Trio offers a simple sole proprietorship registration process that can be completed in just 5 easy steps.
Step 1: Apply for a PAN Card
The first step in setting up a sole proprietorship is obtaining a PAN card. Nimble Trio’s experts can assist with the paperwork and apply on your behalf, making the process hassle-free.
Step 2: Select a Business Name
Once you have a PAN card, choose a suitable name for your proprietorship. If you already have a PAN, you can move directly to naming your business.
Step 3: Pick the Appropriate Service
Our team will guide you in selecting the correct government registration service required to complete the process smoothly.
Step 4: Connect with the Vendor
Next, Nimble Trio will connect you with a verified vendor to submit your application and track its progress.
Step 5: Receive Your Registration Certificate
Throughout the process, our team keeps you informed. In most cases, the registration is completed within 15 business days.
The Drawbacks of Being a Sole Proprietorship
Perpetual Liability: The sole proprietor is fully liable. They are personally responsible for all business dealings and must cover any losses from their own assets.
No Succession: There’s no perpetual continuity. If something happens to the owner, the business can end abruptly. This can make it hard to gain public trust or enter long-term agreements.
Difficulty in Raising Funds: Raising capital is tough because the business is run by a single individual. The owner’s own investment funds the business, and since the proprietorship isn’t legally separate from the owner, getting money from outside sources is difficult.
FAQ's
Registering a sole proprietorship is completely optional. It is not legally required, although banks may ask for registration if you want to open a business account. However, according to Nimble Trio experts, it’s always a good idea to register your business to ensure credibility and smooth operations.
In India, registering a sole proprietorship with Nimble Trio costs ₹1,999, which covers professional and administrative fees. Additional costs may apply for necessary registrations like GST and MSME.
To start a proprietorship in India, the owner must have a PAN and Aadhaar. Other requirements include registering for UDYAM, obtaining GST (if applicable), opening a current bank account, and in some states, registering under the Shops & Establishment Act.
As per the state’s Shops and Establishment Act, the business owner must secure a registration certificate. If the annual turnover of the sole proprietorship exceeds ₹20 lakh, GST registration becomes mandatory.
A sole proprietorship is ideal for individuals, lone traders, or anyone looking to avoid the complex process of forming a company. Unlike corporations, there’s minimal upfront investment and paperwork required.
Many choose sole proprietorship because it’s easy to set up and requires minimal legal formalities. It’s perfect for a one-person business that doesn’t expect rapid growth beyond the owner.
