What is a Proprietorship?
A proprietorship is a business structure owned, managed, and controlled by a single individual. It's one of the simplest and most common forms of business ownership, ideal for solo entrepreneurs and small businesses.
Why Choose Proprietorship?
Easy Setup
No formal registration required
Complete Control
You make all the decisions
Simplified Taxation
Income is reported on your personal tax return.
Minimal Compliance
Fewer regulatory obligations
Privacy
Financial information remains confidential
Profit Retention
You keep all the profits
EXPLORE OUR SERVICES
GST Registration
Ensure your business is compliant with Goods and Services Tax regulations
How to get Started?
Contact us
Reach out to us for a consultation
Documentation
Prepare necessary documents such as PAN card, Aadhaar card, and utility bills
Registration
We'll guide you through the GST and trademark registration processes
Bank Account
Open a current account in your business name
Launch
Start your business with confidence!
Frequently Asked Questions (FAQs)
What capital is required to start a proprietorship?
There is no minimum capital requirement to start a proprietorship. You can begin with any amount of capital that suits your business needs. This flexibility makes it an accessible option for small business owners and solo entrepreneurs.
Who can be a proprietor?
Any individual who is a resident of India can be a proprietor. There are no restrictions based on age or gender. The individual should have a valid PAN card, Aadhaar card, and other identity and address proof documents to complete the necessary registrations.
Can other people invest in a proprietorship?
A proprietorship is owned and controlled by a single individual, so it does not allow for investment from other people in the form of equity. However, you can raise funds through loans, advances, or other forms of financial assistance, but not by offering ownership stakes in the business.
How to open a bank current account for a proprietorship?
To open a bank current account for a proprietorship, you need the following documents:
Proof of the business, such as a GST registration certificate, shop and establishment certificate, or a trademark registration certificate.
Proof of identity and address of the proprietor, such as PAN card, Aadhaar card, passport, or driving license.
Proof of business address, such as a rent agreement, utility bill, or property tax receipt.
Additional documents required by the specific bank.
Visit your preferred bank with these documents, fill out the account opening form, and submit the required documents. The bank will then process your application, and you will be able to open a current account in your business name.
