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Proprietorship

Overview

Proprietorship or sole proprietorship or sole trader is a type of business entity owned and operated by one person. If an individual gives the brand name for his business activities professionally.

Advantages

Very few compliances as compared to LLP and companies:

Documents required

PAN of owner
Adhaar of Owner
Registered office address proof

Other queries

Feel free to ask any other questions through our contact pages, any source available on our site be it chat, whatsapp, messenger, twitter. You can also request a callback.

Registration requirements

There is no procedure or facility provided by the Government of India for the registration of a Proprietorship. However, the existence of sole trader business is substantiated by one or more tax registrations, municipal registrations and obtaining the Udyog Adhaar and MSME registrations.

Disadvantages

No separation from the owner. The owner will be regarded as business and business will be regarded as the owner

Conversion

Yes, once you feel there is a need to change the form of your business at any time. Just contact us and we will convert the structure of your business and it can easily be converted into a LLP or a company.

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