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Proprietorship Registration

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  • Address proof of the Members. (Driving Licence/voter id/Passport)*
  • Identity proof of the Members.(PAN if Indian nationals)*
  • Identity proof of the Members.(Passport if foreign nationals)
  • Registered office address.*
  • Bank Statement of Members.
  • Lease agreement electricity bill (if Office is rented) (Latest month utility bill)*
  • NOC form landlord. (In case of own office space)*
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  • Company Name
  • Select State
  • Approval
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₹ 2,999.00 ₹ 2,999.00
₹ 2,999.00
​​​   *Exclusive of Taxes
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Sole Proprietorship Registration in India

Simple, Fast & Cost-Effective Business Setup

By GSTBUY.COM | www.gstbuy.com

Overview
Process
Documents
Benefits
Estimated Completion
FAQ

A sole proprietorship is the simplest and most flexible form of business in India, owned and managed by a single individual. It is ideal for entrepreneurs who want complete control over their operations with minimal legal compliance.

There is no separate legal identity between the proprietor and the business. All income, profits, losses, and liabilities belong directly to the owner. This structure is commonly used by freelancers, traders, consultants, small shop owners, and service providers.

A proprietorship is established through registrations such as GST, Shop & Establishment License, or other local business licenses, depending on the nature and location of the business.

StepDescription
1Finalization of business name
2GST registration (if applicable)
3Shop & Establishment registration
4Opening of current bank account
5Other licenses as per business activity
CategoryDocuments Required
ProprietorPAN, Aadhaar / Voter ID / Passport, Photograph
Business AddressElectricity Bill, Rent Agreement, Owner NOC
ContactMobile Number & Email ID
  • Easy and quick business setup
  • No minimum capital requirement
  • Low compliance and operational cost
  • Complete control over decision-making
  • Best suited for individual entrepreneurs

Estimated Work Completion (T + 5 Working Days)

Is registration mandatory?
No, but business licenses are required to operate legally.

Minimum capital required?
No minimum capital is required.

Can I convert later?
Yes, conversion to LLP or Private Limited Company is possible.

Business Compliance & Filing Due Dates – India

Statutory Compliance Comparison with Last Dates (Indian Law)

Proprietorship
OPC
LLP
Private Limited
Section 8 Company

Proprietorship – Compliance & Due Dates

ComplianceApplicabilityDue Date
Appointment of Auditor (ADT-1)Not Applicable—
Issue of Share CertificatesNot Applicable—
Business Bank AccountRequiredAt start of business
GST RegistrationIf applicableBefore crossing threshold
ROC FilingsNot Applicable—
Income Tax Return (ITR-3 / ITR-4)Mandatory31 July / 31 Oct
Proprietorship is governed by Income-tax Act, not Companies Act.

One Person Company (OPC)

ComplianceApplicabilityDue Date
First Auditor (ADT-1)MandatoryWithin 15 days of incorporation
Share CertificatesMandatoryWithin 60 days
Company Bank AccountMandatoryImmediately after incorporation
GST RegistrationIf applicableBefore taxable supply
ROC Filing – AOC-4MandatoryWithin 180 days
ROC Filing – MGT-7AMandatoryWithin 60 days
Income Tax Return (ITR-6)Mandatory31 Oct

Limited Liability Partnership (LLP)

ComplianceApplicabilityDue Date
Auditor AppointmentIf applicableWithin 30 days
Share CertificatesNot Applicable—
LLP Bank AccountMandatoryImmediately after registration
GST RegistrationIf applicableBefore supply
Form 11 (Annual Return)Mandatory30 May
Form 8 (Statement of Accounts)Mandatory30 Oct
Income Tax Return (ITR-5)Mandatory31 Oct

Private Limited Company

ComplianceApplicabilityDue Date
First Auditor (ADT-1)MandatoryWithin 15 days
Share CertificatesMandatoryWithin 60 days
Company Bank AccountMandatoryImmediately after incorporation
GST RegistrationIf applicableBefore supply
AOC-4 (Financials)MandatoryWithin 30 days of AGM
MGT-7 (Annual Return)MandatoryWithin 60 days of AGM
Income Tax Return (ITR-6)Mandatory31 Oct

Section 8 Company (Non-Profit)

ComplianceApplicabilityDue Date
First Auditor (ADT-1)MandatoryWithin 15 days
Share CertificatesNot Applicable—
Company Bank AccountMandatoryImmediately after incorporation
GST RegistrationIf applicableBefore taxable activity
AOC-4MandatoryWithin 30 days of AGM
MGT-7MandatoryWithin 60 days of AGM
Income Tax ReturnMandatory31 Oct (Even if Nil)
Non-compliance may lead to cancellation of Section 8 license.

Business Structure Comparison in India

LLP Formation vs OPC vs Private Limited vs Section 8 vs Proprietorship
Choose the right legal structure for your business based on ownership, liability, compliance, and growth plans.

Criteria Proprietorship OPC LLP Private Limited Section 8 Company
Legal Status Not a separate legal entity Separate legal entity Separate legal entity Separate legal entity Separate legal entity
Number of Owners 1 1 (with nominee) Minimum 2 partners Minimum 2 shareholders Minimum 2 members
Liability Unlimited Limited Limited Limited Limited
Minimum Capital No requirement No requirement No requirement No requirement No requirement
Compliance Level Very Low Moderate Low High High
Annual Audit Not mandatory (below limits) Mandatory Conditional Mandatory Mandatory
Fund Raising Not possible Limited Difficult Easy (VC, Investors) Donations / Grants only
Profit Distribution Owner only Owner only Partners as per agreement Dividend to shareholders Not allowed
Taxation As individual slab Corporate tax 30% + cess Corporate tax Exempt (with 12A/80G)
Ideal For Small traders, freelancers Solo entrepreneurs Professionals, SMEs Startups, scalable businesses NGOs, charitable organizations
Quick Guidance:
• Choose Proprietorship for very small or local businesses
• Choose OPC if you are a solo founder wanting limited liability
• Choose LLP for professional or partnership businesses
• Choose Private Limited for startups & growth-oriented companies
• Choose Section 8 for non-profit or charitable activities