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By aapkaconsultant.com AN ISO 9001:2015 CERTIFIED COMPANY

How to register sole proprietorship in India

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Page 1: How to register sole proprietorship in India

By aapkaconsultant.com

AN ISO 9001:2015 CERTIFIED COMPANY

Page 2: How to register sole proprietorship in India

WHAT IS A SOLE PROPRIETORSHIP

A Sole proprietorship is a business which is owned, managed and controlled by Single person. It is one of the most common forms of business in India, utilized by small businesses operating in the unorganized sectors. Proprietorships are very easy to start and have minimum regulatory compliance requirement for getting started.

Proprietorship’s are recognized by other registrations, such as a service or sales tax registration etc. As Proprietorship’s are easy to setup it leads to many shortcomings, like liability of proprietor is unlimited and it does not have continuous existence. For these reasons it is considered by small merchants and Traders.

Page 3: How to register sole proprietorship in India

ADVANTAGES OF SOLE PROPRIETORSHIP

Easy to Start •Sole Proprietorship needs no registrations, Therefore it is very easy to start with no formalities.

Comparatively Inexpensive

•A sole Proprietorship is inexpensive as compared to One Person Company and It has minimum compliance requirement

Audit not required

• A sole proprietorship is not required to file audited statements with ministry of corporate Affairs each year. However tax audit may be required if Turnover exceeds certain Prescribed limits.

Taxation • A proprietorship with income of less than Rs 2Lacs per annum is not required to pay income tax.

Page 4: How to register sole proprietorship in India

DOCUMENTS REQUIRED

Documents in respects of Designated Proprietor

• Pan Card Copy• ID Proof – Aadhaar

Card/ Voter's ID/ Passport/ Driving License

• Residential Proof - Latest Bank Statement/ Telephone or Mobile Bill/ Electricity or Gas Bill

• Passport Size Photograph

Other documents

• Latest Electricity Bill/ Telephone Bill/ Gas Bill for registered office address

• Rental Agreement (if rented property)

• Sale Deed/ Property Deed (for owned property)

• Other Registration like Trade License, Shop Establishment License, etc

Documents that will be sent by

us for your attestations

• NOC - No Objection Certificate

Page 5: How to register sole proprietorship in India

Aapka Consultant provides various consultancy services at one click by following a single window system to Individuals, Firms, Entrepreneurs, Companies, Businesses and Start ups by simplifying time-consuming and cumbersome paperwork with utmost professionalism in speedy manner. Using our extensive market knowledge and expertise, we get your work done at a reasonable cost within the time limit. We had started from Jodhpur and now we have reached in New Delhi, Mumbai, Chennai, Bangalore, Raipur and Jaipur. We are on the way to reach across country in next few years. As our tagline suggests, we will be ‘Humesha Aapke Saath’ for the services which we provide on our user friendly web portal as mentioned below:- BUSINESS CONSULTANT

Here we provide single window consultancy for your business through our network of experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, Insurance agents, Ex-Bankers and Financial Experts across the globe by providing a comprehensive range of services in order to save your valuable time and money which you can invest in growing your business. CONNECT CONSULTANT

It is designed to make legal consultation simpler by arranging authentic, direct legal opinion of Hon’ble Retired Judges through a medium of mutual convenience through our online user friendly web portal. In this concept, we are striving to connect the unconnected quarters of the legal world. Our model is to connect clients to Hon’ble Retired Judges of various courts as per suitability, for legal opinion. LEGAL RECRUITMENT CONSULTANT

Here we are striving to connect the cherished minds of the legal world with various Law Firms, Multi-nationalCompanies, Non-governmental Organizations, Advocates, Universities etc. across the globe. Our focus is on providing permanent, contract and temporary recruitment services to our candidates within the legal world.

About us

Page 6: How to register sole proprietorship in India

BUSINESS CONSULTANT

Private Limited Company

Limited Liability Company

One Person Company

Partnership Company

Sole Proprietorship

OUR SERVICESSTART YOUR

BUSINESS

Page 7: How to register sole proprietorship in India

Tax FillingsTax

Registration Tax Fillings

VAT-TIN Registration

Service Tax Registration

Professional Tax Registration

VAT-TIN Returns Filing

Service Tax Returns Filing

TDS Returns Filing

Income Tax Return 

Page 8: How to register sole proprietorship in India

TRADEMARK & COPYRIGHT

TRADEMARK REGISTRATION

PATENT REGISTRATION

TRADEMARK RENEWAL

TRADEMARK OBJECTION

COPYRIGHT REGISTRATION

Page 9: How to register sole proprietorship in India

Legal Documentation

Website PolicyDisclaimer Policy

Legal NoticesCheque Bounce NoticeConsumer Dispute NoticeTenant Eviction NoticeOther Legal Notices Confidential AgreementsNon Disclosure AgreementNon Complete AgreementNon-Solicitation AgreementSurrogacy Agreement

Business Collaboration Agreements

Legal Opinion

Memorandum of Understanding (MOU)Franchise AgreementJoint Venture Agreement Property Related Matters

Service or Vendor Related Service Level AgreementMaster Service AgreementVendor Agreement

Sale DeedGift DeedRent AgreementWill

OtherRTI FilingAffidavitPower of AttorneyFounders AgreementLoan AgreementPre Nupital Agreement

Page 10: How to register sole proprietorship in India

REGISTRATIONS & COMPIANCES

Secretarial Compliances

PAN/TAN

Business LicensesISO & Digital Signature

Employment

Others

Accounts

ANNUAL COMPLIANCES FOR PRIVATE LIMITED COMPANY

Permanent Account Number (PAN) Registration Tax Deduction Account Number (TAN) RegistrationFood License (FSSAI)Import Export Code Registration

PF Registration & ReturnESI Registration

Shops & Establishment RegistrationSSI/MSME Registration

Maintain Your Account

DSC International Organization for Standardization

Page 11: How to register sole proprietorship in India

Aapka Consultant

New Delhi I Jaipur I Jodhpur I Mumbai I Raipur I Chennai I Bangalore

Email: [email protected]

Our Team Always With You. Feel free to reach us at:

www.aapkaconsultant.com Our new and existing clients can also request services or contact us: Email: [email protected] Have Live Chat with us on: www.aapkaconsultant.com