Sole Proprietorship — Start Fast. Stay Compliant.
Set up your Sole Proprietorship in India with CA-assisted GST registration, Udyam (MSME) registration, Shop Act licence, and income tax compliance — all in one place.
Contact UsA Sole Proprietorship is the simplest and most common business structure in India, operated and owned by a single individual. There is no separate registration law for a proprietorship — the business and the proprietor are legally the same person. The proprietor has complete control over the business and receives all profits, but also bears unlimited personal liability for all business obligations.
While there is no single registration for a proprietorship, its business identity is established through a combination of registrations: GST registration (if applicable), Udyam registration for MSME benefits, Shop and Establishment Act licence, and a current bank account in the trade name. Banks typically require at least two such registrations before opening a current account in the firm's name. All business income is reported in the proprietor's personal income tax return (ITR-3 or ITR-4) and taxed at individual slab rates.
Proprietorships benefit from zero compliance cost at inception, complete operational flexibility, and minimal government intervention. We assist in obtaining all secondary registrations, setting up the bank account, GST filings, and income tax returns — so your business operates with full legal backing from day one.
Our Proprietorship Services
GST Registration
GST registration in the proprietor's name with the trade name, which also serves as proof of business existence for bank account opening.
Udyam (MSME) Registration
Registration on the Udyam portal for MSME recognition, enabling access to priority lending, collateral-free loans, and government scheme benefits.
Shop & Establishment Act Licence
Obtaining the Shop and Establishment Act licence from the local municipal authority as required under the state-specific shops act.
Trade Licence
Assistance with obtaining a trade licence from the municipal corporation for businesses operating from a commercial or home address.
Bank Account Opening Assistance
Compiling the complete set of documents (GST certificate, Udyam certificate, Aadhaar, PAN) for opening a current account in the trade name.
Import Export Code (IEC)
Obtaining the Import Export Code from DGFT if the proprietorship intends to import or export goods or services.
Income Tax Return Filing (ITR-3/ITR-4)
Preparation and filing of the proprietor's income tax return including business income, depreciation, and presumptive taxation under Section 44AD or 44ADA.
GST Return Filing
Monthly or quarterly GST return filing (GSTR-1 and GSTR-3B or CMP-08) and annual return (GSTR-9) for the proprietorship.
Our Process
Business & KYC Assessment
We understand the nature of your business, trade name, location, and expected turnover to determine the most relevant set of registrations needed.
GST Registration
GST registration is obtained first — it is the primary document that establishes the proprietorship's business identity in the trade name.
Udyam & Shop Act Registration
Udyam registration and Shop and Establishment Act licence are obtained to provide a complete set of identity documents for banking and contracts.
Bank Account Documentation
All registration documents are compiled and handed over in the format required by your bank for opening a current account in the trade name.
GST & Income Tax Compliance Setup
A compliance calendar is set up for GST return filing and income tax advance tax instalments and annual return filing.
Why It Matters
Frequently Asked Questions
Ready to set up your Sole Proprietorship?
We handle GST registration, Udyam, Shop Act licence, and income tax compliance — so your business is legally set up and ready to operate from day one.
