Service image: Proprietorship1200 × 630 px
The simplest way to start on your own
A sole proprietorship is a business owned and run by one person. There is no separate law or single registration for it. Instead, your business identity is built through registrations such as GST, Udyam (MSME) and Shop & Establishment, which also let you open a current account in the business name.
Who it suits
- Freelancers, traders and small shop owners
- First-time founders testing a business idea
- Businesses with low risk and a single owner
Documents you'll need
- PAN card and Aadhaar of the proprietor
- Passport-size photograph
- Business address proof: rent agreement or utility bill
- Bank account details
What we handle
- Udyam (MSME) registration
- GST registration, if you need it
- Shop & Establishment registration
- Support with opening a current account
Frequently asked questions
Is a proprietorship a separate legal entity?
No. The business and the owner are the same in law, so the owner is personally liable for business debts.
How is a proprietorship taxed?
Business income is added to the owner's personal income and taxed at individual slab rates.
Can I convert it later?
Yes. A proprietorship can be converted into a Private Limited Company or LLP as it grows.