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Sole Proprietorship Firm Registration Online

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SOLE PROPRIETORSHIP REGISTRATION

Sole proprietorship is the simplest form of business ownership, where a single individual owns and runs a business. It is an attractive option for those who want complete control over their business and don't want to share profits or decision-making with others. As a sole proprietor, you can enjoy the benefits of low start-up costs, easy tax filing, and flexibility in decision-making.


Understanding Sole Proprietorship

Dive deep into the benefits and straightforward nature of running a sole proprietorship. While direct government applications are an option, SuperCA offers more than just registration. We provide a full spectrum of support services, from GST registration to tailored business advice, all designed to give your business the competitive edge it needs.

 

Here's How It Works


1. Fill Form

Simply fill the form above to get started

2. Call to Discuss

Our experts will connect with you & complete legalities.

3. Get Incorporation

Your sole proprietorship is ready.



WHY CHOOSE SUPERCA?


why

Personalized Attention with Tailored assistance throughout filing process.
why

Value for Money with maximized refunds and no hidden charges.
why

Client Confidentiality with Data privacy and adherence to legal guidelines.
why

Excellent Customer Support with 24x7 support and expert guidance.




WHY CHOOSE SUPERCA?

why
Personalized Attention with Tailored assistance throughout filing process.
why
Value for Money with maximized refunds and no hidden charges.
why
Client Confidentiality with Data privacy and adherence to legal guidelines.
why
Excellent Customer Support with 24x7 support and expert guidance.


Choose Your Plan



BASIC PLAN

₹1500+GST


GST REGISTRATION CERTIFICATE
E-WAY BILL PORTAL REGISTRATION
GST INVOICING FORMATS
3 MONTHS FREE RETURN FILING
CURRENT ACCOUNT OPENING SUPPORT
SUPPORT REGARDING GST RATES/ HSN
DEDICATED GST & EWAY BILL EXPERT FOR FIRST 3 MONTHS
₹1500/- PLUS GST


PREMIUM PLAN

₹2500+GST


GST REGISTRATION CERTIFICATE
MSME / UDYAM REGISTRATION
E-WAY BILL PORTAL REGISTRATION
GST INVOICING FORMATS
3 MONTHS FREE RETURN FILING
CURRENT ACCOUNT OPENING SUPPORT
SUPPORT REGARDING GST RATES/ HSN
DEDICATED GST & EWAY BILL EXPERT FOR FIRST 3 MONTHS
₹2500/- PLUS GST


Pricing Transparency: Starting your sole proprietorship is an exciting step, and we're here to support you with tailored packages starting at just ₹1500+GST. Direct applications are an option, but with SuperCA, you gain dedicated support, expert guidance, and a smooth path through the bureaucratic process, ensuring no detail is overlooked.

ADVANTAGES OF SOLE PROPRIETORSHIP

advantage

LEGALLY RECOGNIZED

The Proprietor will be legally recognized as a Supplier of Goods & Services
advantage

INPUT TAX CREDIT

The proprietor can claim the Input tax credit (tax paid on the purchase of goods & services)
advantage

INTERSTATE SALES

He can make Interstate sales without restrictions• The proprietor can have a competitive advantage in comparison to other businesses
advantage

LESS COMPLIANCE

In GST, the number of compliances are less as it has replaced all other indirect taxes
advantage

PASS THE CREDIT

The proprietor can pass on the credit of the taxes paid on the supply of the goods & services to the purchaser.
advantage

COMPOSITION SCHEME

Small businesses ( having turnover of less than 1 crore) can opt for composition scheme to lower their taxes


WAYS TO REGISTER A SOLE PROPRIETORSHIP



Let’s now understand how an individual can register for sole proprietorship in India. Regardless of the fact that a sole proprietorship does not need any separate registration as such, in order to establish the existence of the business the proprietor is advised to get a few registrations :

➤ Registration under Shop and Establishment Act

Registration of your business under the Shop and Establishment Act will provide you the license or the right of doing business in your locality/state. The registration process is state-wise dependent and you need to check the specific state-wise requirement.

➤ Udyog Aadhaar under Ministry of MSME

A sole proprietor can apply for Udyog Aadhaar under the Ministry of MSME. For proprietors, it enhances the chances of the business to get future loans, an upper hand in various other legal matters and can avail the benefits of the various schemes introduced time-to-time.

➤ GST registration

As per the GST rules, every business/entity that is involved in the buying and selling of goods/services have to register for GST. It is mandatory to get registered under GST if the turnover exceeds the threshold limit of Rs 40 lakhs for trading and manufacturing or 20 lakhs for service industry (Rs 10 lakhs for special category states). Further, if anyone wants to get registered voluntarily even if the turnover is less than the threshold, they can always choose to do so. By getting GST registration, you can keep an eye on your taxation through all the transactions made in the name of the business.

 

Lists of businesses best suitable for Sole Proprietorship


Retail Traders

Businesses involved in retail trading tasks, for instance household or electric goods, grocery selling, general shop, merchandise, sweets shop etc. can be done being a sole proprietor. The capital requirements and investments are minimal in this case which promotes the individual in choosing sole proprietorship.

Repair & maintenance Services

Services related to repair and maintenance of automobiles, household appliances, electronic machineries etc. which are frequently provided at local shops, consumer places or garage can be the best suitable sole proprietorship business.

Small Scale home businesses

Small scale home businesses involve less risk that best matches with sole proprietorship business structure.

Local Transportation Services

The local transportation services like auto, e-rickshaw or mini buses require very less capital and just few employees that can suit the interest of sole proprietorship business type.

Software Consultancy services

These services require basic system equipment and can be single-handled with minimal investment.

Tutoring services

Tutions are often provided by proprietors at home or at another suitable place. These services can be provided being a proprietor and thus enjoying the whole sum of profit.

Freelance Writers

Freelancers are independent & can operate from home also. This does not require an organized form of business and they can easily go for sole proprietorship.

Clinic & medical management facilities

In most cases, clinics and small healthcare businesses in their initial stage start as a sole proprietorship business.

 

Sole Proprietorship vs One-Person Company


OPCs & Sole Proprietorship are two distinct business structures but many-a-times people get confused between the due and assume both to be the same. Let’s distinguish them on the below parameters.

Parameter
Difference
Registration In OPC, the company can be registered under MCA and Companies Act, 2013, whereas Sole Proprietorship Registration is not compulsory in general. It does not require any formal registration as such as it is identified through alternate registrations, such as GST registrations. A proprietor can register if he wants to register his company.
Legal Status Unlike a partnership firm or corporation, sole proprietorship does not have any separate legal identity. It is a limited business structure that connects the business and the business owner. Proprietor and business are indistinguishable from a tax and legal point of view. OPC on the other hand is treated as a private company having a separate legal entity. It has the advantage of corporate status in society.
Compliance In case of a one person company, the compliances are much more strict than proprietorship. This is because the company has to register annual returns, get its accounts audited, and meet other compliances of a Private Limited Company. It would also have to get accounts edited in the same manner as done by a private limited company. Whereas, In a sole proprietorship, In a sole proprietorship, the owner only needs to file the annual returns and the firm is required to get accounts audited only if the annual turnover crosses the threshold limit as specified under the provisions of the Income Tax Act.
Liability Since, One Person Company is a separate legal entity, the owner has liability limited to the extent of share capital, in case the business suffers a loss. This is the most attractive reason why many individuals are opting for an OPC. Whereas, a sole proprietorship’s liability is unlimited, which means all the assets of the individual will be attached and there is no limitation on the liability. Also, Liability extends to his personal belongings as well.
Conversion Conversion of Sole Proprietorship to Private Limited Company is possible but it’s a bit tiresome process. Whereas, the conversion of OPC to Private Limited Company is comparatively easy. OPC has to convert itself into a Private Limited Company if its paid-up share capital exceeds Rs.50 Lakhs and if its average turnover of any three consecutive financial years exceeds Rs.2 Cr.
Succession In a sole proprietorship firm, since there is no distinction between the business firm and the owner, the succession is possible only through an execution of the will. Whereas, one person company must have a nominee designated by its members for the purpose of succession. Only a natural born citizen and a resident of India shall be eligible to be a nominee who in case of death of the member shall take his/her place. OPC is not affected by the death of the member and has continued succession.

Your Privacy, Our Priority

At SuperCA, safeguarding your personal information is at the heart of what we do. We invite you to review our Privacy Policy, which outlines our commitment to protecting your data with the utmost care and security.

FREQUENTLY ASKED QUESTIONS About Sole Proprietorship



No, it's not mandatory but in order to open up a bank account you need GST Registration certificate
• Lack of Resources.
• Unlimited Liability.
• Lack of Credibility.
• Cannot raise funds easily.
• Cannot add Partners.
There are only two Compliances for Proprietorship GST Return ITR Return

Sole proprietorship business does not need any specific registration. However, the owner is advised to get a few essential registrations to make the business function in a better way like registration in Shop and Establishment Act, a GST registration or a Udyog Aadhaar under MSME

We know the fact that registration in this field is not a cup of tea as the information is always scattered across different sites. Super CA is always here to assist you. Our team comprises legal experts, advisors, professional CAs and CSs who are always there with you in every course of action. We guarantee a hassle-free quick & easy process with 100% accuracy in documents at minimum possible cost.

In general, It is optional and it does not require any formal registration as such as it is identified through alternate registrations, such as GST registrations, but a sole proprietor must open a bank account in the name of the business. It is not a corporate or legal entity. As per the law, it is not mandatory but banks insist on getting sole proprietorship registered if you want to open a bank account in the name of your business.

Please note, SuperCA operates independently, offering simplified assistance for your sole proprietorship registration. While we're experts at what we do, it's important to note we're not directly affiliated with any government agencies. Our mission is to streamline the process, making it hassle-free for you. Information provided is for general purposes only and not professional advice. Consult our qualified professionals for personalized guidance.