Sole Trader-ship or Sole Proprietorship is the oldest form of business in all the countries of the World. A Sole Proprietorship is the simplest and most common legal structure someone can choose. It’s an unincorporated business owned, managed and run by one individual in which there is no distinction between the business and the owner. If you own a Sole Proprietorship, you are entitled to all profits and are responsible for all your business’s debts, losses, and liabilities. Owners are subject to unlimited personal liability for the debts, losses and liabilities of the business.
Advantages of a Sole Proprietorship
» Easy and inexpensive to form.
» Complete Control.
» Free to select his business.
» Easy to obtain local license to run the business.
» Owners may freely mix business or personal assets.
» Willful Commencement and Closure.
Complete our Simple Form Online
You are required to fill your details in our simple questionnaire and submit the required documents.
Verification and Name Approval
Choose an appropriate name for the Sole Proprietorship. The name as provided by you will be verified by our experts and then we shall apply for Sole Proprietorship Name Approval.
2 WORKING DAYS
» Select a Business for Sole Proprietorship
Whether Manufacturing, Trading or Services
» Obtain the required license to operate the Business
As per your Business Selection, We will apply all the required license (like MSME, GST, VAT, etc) as applicable and file them with appropriate authority.
» Submission of Document
We will prepare all the required documents and file them with appropriate authority.
4 WORKING DAYS
» Your work is Completed
Once your Proprietorship is incorporated, We will intimate you about the same and will send you the incorporated documents.
- Passport size photograph of Sole Proprietorship
- Copy of PAN Card of Proprietor
- Copy of Aadhaar Card/ Voter identity card of the Proprietor
- Documents required for appropriate License application (List will be provided along with format)
- Copy of Rent Agreement (If rented property); OR
Copy of Property Document (If owned property)
- Electricity Bill (Business Place)
- Landlord NOC (Format will be provided)