Documents Required for Proprietorship Registration

List of Documents Required for Proprietorship Registration [2024]

Are you looking for guidance on Proprietorship Registration Documents? Look no further! In this article, we will provide you with a detailed list of the documents required for sole proprietorship firm registration in India.

What is Sole Proprietorship?

A Sole Proprietorship is the simplest form of business ownership. It is also the easiest form of business to start. It requires less time and cost to register compared to Partnership firms, Private Limited Companies, and One-person companies. Proprietorship has one key characteristic: it’s owned and run by just one person. There’s no legal separation between the business and the owner.

All profits belong to the owner. However, it’s important to note that the owner is personally liable for all debts and losses. If the business encounters financial difficulties, the owner’s personal assets, such as their car or house, could be used to cover those debts.

Advantage of Sole Proprietorship Firm Registration

Sole Proprietorship business is very popular and common because of its simplicity. There are many advantages of a Sole Proprietorship firm.

  1. Easy to Start and manage: It’s relatively easy to set up and manage. There are minimal formalities involved compared to other forms of business.
  2. Full Control of Business (as there is only one owner with 100% control over business decisions)
  3. Fast Registration (Can be formed in just 3-5 Days)
  4. Minimum Compliance (lesser compliance compared to company and partnership firm)
  5. Less Cost of Maintenance / Easy to maintain

Documents Needed to Register a Proprietorship Firm

Here’s the list of documents required to register a sole proprietorship or proprietorship firm in India:

1. Permanent Account Number (PAN) of Proprietor
2. Address Proof of Proprietor (any one of the following)
  • Copy of Aadhaar or
  • Passport or
  • Voter ID, or
  • Driving License or
  • Latest utility bill (mobile, telephone, electricity etc)
3. Bank Account Details of Proprietor (any one of the following)
  • Latest Bank Statement or
  • Cancelled Cheque or
  • Copy of Passbook (first page)

4. Photo of Proprietor

  • Latest passport size Color photograph

Address Proof of Principal Place of Business

  • Latest Electricity Bill (not older than 2 months) and
  • Rent Agreement (in case of rented premise) or
  • No Objection letter (NOC) from the owner of the premise

Unique E-mail ID (OPT needed)

Unique Mobile Number (OTP required)

Get in touch with us for any query regarding Proprietorship firm registration in India. The Team – BIZINDIGO will help you to register your sole proprietorship legally.

Proprietorship_Registration

Planning to start your business, we will help you register your Proprietorship firm. Get your business ready to launch in just 3 working days.  All business licenses and registrations will be taken care of by us.

Get your Proprietorship business registered with GST Registration and MSME Registration.  You can go one step ahead with Trademark Registration to protect your business name.

Related Featured Services

  1. Partnership Firm Registration
  2. One-Person Company Registration
  3. LLP Registration
  4. Private Limited Company
  5. TAN Registration
  6. TDS Return Filing
  7. GST Return Filing
  8. Udyam (MSME) Registration
  9. IEC (Import Export Code)

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