A Sole Proprietorship is a straightforward business structure ideal for individuals who want full control and flexibility. It is one of the easiest business forms to establish, requiring minimal documentation and regulatory compliance. Although not mandatory, obtaining relevant licenses or registrations, such as GST or MSME registration, can enhance credibility and open up more opportunities.

Registering as a Sole Proprietorship provides legal recognition, enables smooth business transactions, and offers flexibility in operations. With guidance from Vision Tax, setting up a Sole Proprietorship is hassle-free, allowing business owners to focus on their core activities.

• Ease of Formation: Minimal documentation and quick registration process make it easy to establish.
  

• Complete Control: As the sole owner, you have full control over all decisions and operations.
  

• Low Compliance Requirements: Proprietorships face fewer regulatory requirements compared to other entities.
  

• Flexible Taxation: Profits are taxed as personal income, simplifying tax filing.
  

• Credibility and Recognition: Obtaining licenses like GST improves market credibility.

1. Identity Proof: PAN Card of the proprietor.

2. Address Proof of Business: Business address proof, such as a utility bill or rental agreement.

3. Basic Licenses and Registrations: GST registration if applicable, and optional MSME registration for small businesses.

4. Bank Account in Business Name: Open a bank account in the proprietor’s name for business transactions.

• Resident Indian: The proprietor must be a resident of India.
  

• Business-Specific Licenses: Depending on the nature of business, certain licenses may be required (e.g., FSSAI for food businesses).

1. Obtain a PAN Card for the proprietor.

2. Register for GST if applicable.

3. Open a bank account in the proprietor’s name.

4. Apply for MSME registration (optional).

5. Secure business-specific licenses if required (e.g., FSSAI).

• Identification Proof: PAN Card of the proprietor.
  

• Business Address Proof: Utility bill, rental agreement, or other proof of business address.
  

• Bank Account Proof: Documents related to the business bank account.
  

• Additional Licenses (if applicable): Copies of GST, MSME, FSSAI, or other relevant licenses.

1. Obtain PAN Card: Essential for tax and banking purposes.

2. Apply for GST Registration (if required): To comply with tax regulations.

3. Open Business Bank Account: Facilitates smooth transactions.

4. Obtain Business Licenses: If required, based on the nature of business.

5. MSME Registration (optional): Register under MSME to avail benefits.

Our Fees: Rs. 3,000 + GST (excluding any license fees)
Government Fees as per guidelines.

Processing generally requires 5-7 days.