Sole Proprietorship
Get your Sole Proprietorship Registration now for just Rs. 999!
5000+ businesses trust Trakintax for smooth registrations.
Trakintax: Fast, reliable, and budget-friendly service you can count on!
*Government Fees not Included.
Features
- Single Ownership: The business is owned and managed by one person.
- Ease of Formation: It is easy and inexpensive to set up.
- Minimal Regulatory Compliance: Few legal formalities are required.
- No Separate Legal Entity: The proprietor and the business are considered the same in the eyes of the law.
Benefits
- Easy to Start: No complex registration processes are involved.
- Full Control: The owner has complete control over all decisions and operations.
- Low Cost of Setup: Minimal registration costs and paperwork.
- Less Compliance: Fewer regulatory requirements compared to other business structures.
- Quick Decision Making: No need to consult others for business decisions.
Registration Process
- Choose a Business Name: Select a unique name for your business.
- Obtain PAN and Aadhar: Ensure the proprietor has valid PAN and Aadhar cards.
- Open a Bank Account: Use the proprietor's name to open a current account for business purposes.
- Register for GST: If your annual turnover exceeds Rs. 40 Lakhs (Rs. 20 Lakhs for special category states), GST registration is mandatory.
- Shop and Establishment License: Depending on state laws, this license may be required for businesses with a physical location.
- Udyam Registration: For small or micro businesses, MSME registration provides numerous benefits like easier loans and subsidies.
Why Us?
- Expert Guidance: Our experienced team will guide you through the entire process.
- Fast Processing: Quick and hassle-free registration process.
- Affordable Fees: Transparent and budget-friendly pricing.
- Dedicated Support: We provide end-to-end support for document preparation and filing.
