What is a Sole proprietorship / Individual business?

A sole proprietorship or Individual business refers to an unincorporated business. This category includes freelancers, independent contractors, and consultants. At times, individual business persons are also known as “solopreneurs.” A person running such an unincorporated business pays personal income tax on profits earned from his entity.

A sole proprietorship stands among the simplest forms of businesses to establish. However, it still requires some mandatory paperwork. Before a person starts an individual business, he/she needs to do Individual registration.

    GET FREE CALL BACK FROM OUR EXPERT





    EASY PAYMENT OPTIONS AVAILABLE
    NO SPAM. NO SHARING. 100% CONFIDENTIALITY


    Please Fill Captcha:


    captcha

    Why opt for a Proprietorship Firm?

    • Easy to Start : This category of business, known as the proprietorship business, is one of the easiest to start with as it requires no elaborate registration process, and you can become with just some paperwork. However, after setting up a proprietorship firm, it may become a little challenging to open a bank account or have a payment gateway by the name of your firm – as a lot more registration and paperwork is involved in the same. However, with the right guidance, it’s all a child’s play!
    • Freedom to have any name : Since the firm is not registered, the proprietor of the business is free to choose any name for their business. The only condition for the same is that the name chosen by the proprietor must not fall under a registered trademark. They are free to change the names of their business as per their will However, it also comes with a downside that anybody can use a business name similar to yours as it is not registered particularly under your name.
    • Taxation : A proprietorship business with an income of less than INR 2 lakhs is not required to pay any income tax. The proprietor is liable to pay taxes as an individual and not as a business. On the other hand, if the income of the business exceeds INR 10 Lakhs per annum, a business is not liable to get any benefits from the proprietorship.
    • Undivided Profits : In proprietorship businesses, there is no regulation or rules over the money earned by the business as there is only one owner of the company. The owner is the only person who accumulates the profits earned by the business. Sole ownership gets rid of the benefit related conflicts in the firm. Money comes in to facilitate and maintain the processes in the firm.
    APPLY NOW

    Process of Proprietorship Registration

    Proprietorship Registration with Legal Dalal is easy and effortless. Your online Proprietorship Registration will be finished in five simple steps:
    Get free consultation from our certified customer care representative

     Fill a simple application form

     Make easy online payment

    Upload your documents on our portal

    Receive your proprietorship registration on your registered email address

    WHY CHOOSE US ?

    We at Legal Dalal offer legitimate Proprietorship/Individual Registration services. Being provided with the necessary documents, we take complete care of your registration.

    Always on Time

    Govt of India Recognised

    ISO Certified

    Trained Professionals

    Affordable Services

    Round the clock availability

    FAQs

    No, you can register for a proprietorship firm from your personal bank account.
    No, a rented property can also be used for the registration. You need to have the rental agreement and a NOC from the landlord for the registration application.
    GST registration is only compulsory if your annual turnover is more than INR 40 lakh; otherwise is an add-on for your registration application. However, if you are residing in a northeastern state of India and maintain a turnover of 20 lakh, then only GST registration is mandatory.
    It requires around 15 days to start a proprietorship firm.
    Yes, you can convert a proprietorship firm into a partnership firm or a private limited company, but it requires lengthy paperwork and a lot of formalities.
    You will have to open a current account in the name of your firm, and then you can start your proprietorship firm.

    HERE’S WHAT OUR CLIENT’S SAY ABOUT US

    preloader-image

    I really appreciate Mr Rishiraj work,he has answered all my queries professionally. I am grateful to mr Rishiraj . prompt and affordable service. Would highly recommend. Happy with service. THANK YOU LEGAL DALAL TEAM.

    TS Power Solution

    Nasik, Maharashtra

    Very professional. Highly recommended for their services. One happy client.
    Thank you guys for making my work so very easy

    Chaithra - C'S KITCHENETTE

    Mumbai, Maharashtra

    Highly recommend their services! They assisted us in getting our FSSAI certificate and we greatly appreciate their help!!! They are prompt, extremely helpful and highly informative.

    KOMBOOZ India

    Gurugram, Haryana

    We were looking for an easy and tension-free company and Fssai registration services. Through Just Dial we came across to LEGAL DALAL. I Had a great experience with LEGAL DALAL and special thanks to Ms. Ritika, she put an enormous effort to finish my requirements in a short span of time. Highly recommended for a quick and economical option for all legal services.”

    Thanks again to whole team

    Deepak Jain

    Mumbai, Maharashtra

    Thanks to Mr Hitesh jain for helping me in my Pvt Ltd registration process
    We found team energetic and made for the customers, and best thing you will get all the required services at single platform, Thanks team Legal Dalal

    Vaibhav Godha

    Jaipur, Rajasthan

    First of all…. I would like to thankful to the Legal Dalal Team they have very good responsive also they has Good Member like Mr RISHI who is handling out A_Z all works out, whatever doubts and any issues he will guide me very well from the bottom of heart i ll we ll be grateful to Mr RISHI and Team I Prefer to all my colleagues to get solution for them, finally, LEGAL DALAL IS THE BEST PLATFORM TO ALL SORT OF PEOPLE

    Devesha Y

    Honavara, KARNATAKA

    My brother has recommended to check out the Legal Dalal (LD) for company registration. I was so surprised and would like to appreciate the team who have worked on my purpose getting the certificate in a shorter note, as that was higher priority in my list. The time, quality and services are highly appreciated. Thanks LD Team.

    ANIL KUMAR TN

    Hindupur, Andhra Pradesh