Proprietorship

Proprietorship

A sole proprietorship is a simple and low-cost business structure in India, ideal for individuals starting small businesses or freelancing. Owned and managed by one person, it offers full control and profit ownership. Governed by the Indian Contract Act and Income Tax Act, it's not a separate legal entity, meaning the owner is personally liable for business obligations. Its ease of operation and minimal compliance make it a popular choice for many.

Frequently Asked Questions About Public Limited Company Registration in India

1. What makes a Proprietorship a beneficial business structure?
  • Access to Capital through public share offerings and listing on stock exchanges.
  • Enhanced Credibility due to strict regulatory oversight and transparency.
  • Limited Liability Protection where shareholders’ personal assets are not at risk beyond their shareholding.
  • Greater Growth Opportunities with the ability to attract large-scale investors and financing options.
A proprietorship can be registered in 7–10 working days, depending on document readiness and required licenses.
At Bhanushali & Bhanushali, we streamline the registration process, from choosing a business name to securing licenses and tax registrations. Our team takes care of all documentation and compliance, ensuring a smooth experience. We also handle GST filings and industry permits, so you can focus on growing your business confidently.

Steps to Register Proprietorship in India

Step 1

Choose a Business Name

Select a unique, trademark-compliant name for your business.

Step 2

Register Under Shop & Establishment Act

Register if you have a physical store/office, submitting basic details on the state portal.

Step 3

Apply for GST Registration

Register for GST if turnover exceeds the threshold or for interstate transactions.

Step 4

Obtain Industry-Specific Licenses

Apply for relevant licenses based on your business type (e.g., FSSAI, trade license).

Step 5

Open a Business Bank Account

Open an account in your business name with necessary documents like PAN and address proof.

Step 6

Register Under MSME/Udyam (Optional)

Register under Udyam for access to government benefits like subsidies and loans (optional but beneficial for small businesses).

Follow these steps for a seamless registration process and a strong business foundation. Ensuring proper documentation and legal compliance will make your business efficient and legally sound, and our team at Bhanushali & Bhanushali, does just that.

APPLY COMPANY REGISTRATION