Trademark

A Sole Proprietorship is one of the oldest and simplest business structures in India, making it an excellent choice for solo entrepreneurs. In this business model, a single individual—known as the proprietor—owns, manages, and controls all operations. Since the proprietor and the business are legally the same entity, setting up a sole proprietorship is quick and requires minimal compliance.

However, a proprietorship cannot have partners or shareholders, and the proprietor is personally liable for all business activities. Due to this, it is best suited for small businesses to start their business journey.

At Bharat e-Filing, we make proprietorship registration online seamless and hassle-free. Our expert team ensures a smooth and efficient registration process, allowing you to focus on building your business.

Start your Sole Proprietorship registration with Bharat e-Filing today and take the first step toward your entrepreneurial journey!

How to Register a Proprietorship Online with Bharat e-Filing

Once you’ve signed up for proprietorship registration, follow these simple steps to complete the process:

✅Step 1: Navigate to the Services Tab and select Proprietorship Registrationfrom the Bharat e-Filing Website with GST Registration and/or Udyam Registration and/or Trademark and/or Accounting service for 1 Year and add them to the cart.
✅Step 2: Provide with your Basic Information such as Name, Phone No., & Email and Click on Book Now

✅Step 3:Pay the amount and create a account if not created already.
✅Step 3: Upload scanned copies of your PAN and Aadhaar card and relevant documents.
✅Step 4: Our registration experts will process your application with the GST Department and assist in opening your business bank account.
✅Step 5: Get access to your Bharat e-Filing Dashboard forGST invoicing, GST filing, and other compliance services.

PAN Card for Proprietorship Firm

Since a proprietorship is not a separate legal entity, it does not require a unique PAN card. Instead, the proprietor’s PAN is used for all tax and business registrations.

GST Registration for Proprietorship

As part of our proprietorship registration service, we assist in obtaining GST registration. The following documents are required:

📌PAN card of the proprietor
📌Consent letter for GST registration (If property not owned, Notarised and stamped on at least 50 rupees stamp paper)
📌Photograph of the proprietor
📌Bank account details (Cancelled cheque with business name, IFSC, MICR, and branch details if already have one)
📌Proof of business address (Rent/lease agreement, electricity bill, or property tax receipt)

Udyam (MSME) Registration for Proprietorship

After GST registration, we help you obtain Udyam Registration, which provides benefits such as government subsidies, lower interest rates on loans, and priority sector lending. Required documents:

📌Aadhaar Card
📌PAN Card
📌GST Certificate(if already have)

Opening a Business Bank Account for Proprietorship

A current account is essential for managing business transactions. After obtaining GST registration, the business bank account must be opened within 45 days. Banks require at least two of the following documents for account opening:

✔GST Registration Certificate
✔Shops & Establishment Act License
✔Certificate of Practice (For CAs, CS, Doctors, etc.)

Shops & Establishment Act Registration for Proprietorship

The Shops & Establishment Act registration varies by state and is required to comply with local labor laws. The process can take 2-3 weeks and can be done online or offline. Bharat e-Filing simplifies this registration to ensure full compliance.

Timeline for Sole Proprietorship Registration

With Bharat e-Filing, a sole proprietorship firm can typically be registered within 15 days. However, the actual timeline may vary based on government and banking procedures.

Start your Proprietorship Registration with Bharat e-Filing today and take the first step toward your entrepreneurial success!

Business Activities Permitted for a Proprietorship

A sole proprietorship can operate across most sectors and industries in India, provided the business complies with legal regulations. However, certain industries, such as banking, insurance, financial services, lending, defense, and telecommunications, require special approvals from regulatory authorities.

In such cases, setting up a Private Limited Company or LLP may be mandatory to obtain the necessary approvals. Therefore, the proprietorship structure is best suited for small-scale businesses that do not require extensive regulatory permissions.

Compliance Requirements for a Sole Proprietorship

A proprietorship firm must adhere to various tax and regulatory compliances to operate legally. Some key compliance requirements include:

✅Income Tax Filing:

• The proprietor must file income tax returns under ITR-3 or ITR-4, as these forms allow for declaring business income.
• The business income is considered part of the proprietor’s personal income tax filing.

✅GST Return Filing:

• If GST registration is obtained, the proprietor must file monthly or quarterly GST returns, depending on the applicable GST scheme.

✅TDS Compliance:

• If the proprietorship hires employees or makes purchases beyond a specified limit, Tax Deducted at Source (TDS) must be deducted and deposited.
• TDS returns must be filed every quarter to stay compliant with tax regulations.

Additionally, depending on the industry and business location, other compliance requirements may apply, such as professional tax, trade licenses, and labor law compliances.

At Bharat e-Filing, we assist proprietors in meeting their compliance obligations, ensuring smooth and hassle-free business operations. ✅ Get in touch today to stay compliant and grow your business without worries!