Proprietorship Firm

Overview

A Sole Proprietorship is the simplest business structure, ideal for freelancers, consultants, and shop owners. It requires minimal registration and offers complete ownership.

Process

• Apply for GST / Udyam registration
• Obtain Shop & Establishment License (if applicable)
• Open current bank account in business name

Documents Required

• PAN, Aadhaar & photo of proprietor
• Proof of business address (utility bill + NOC)

Time Required

⏳ 2–4 working days

Key Benefits

• Easy to start & operate
• Full control & decision-making
• Low cost & compliance