Get started as a one-man business Sole Proprietorship Registration (INR 2,999 /-)

"Never let the businessman see down by giving your small business a shining name with sole proprietorship registration. It is extremely easy to start and run!"

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Propreitorship

All you need to know

Propreitorship firm is that form of business in which the whole business is run by single person and only one government registration is required such as GST or MSME. It very popular among the unorganised sector, particularly small traders and merchants. No prescribed mechanism has been made by government of India for the registration of Sole Propreitorshipfirm.Thus, the registration of a proprietorship can only be recognized through tax registrations that the business is required to have as per the rules and regulations. These tax registrations may include GST Registration that must be obtained in the name of the Proprietor to establish that the Proprietor is operating a business as a sole proprietorship. LegalDunia is one of the leader in coporate legal services provider in India .Our team of legal experts will provide you full-fledged assistance required for the seamless registration of SolePropreitorship Firm.

Benefits

Some of the leading benefits of Propreitorship include:

  • Legal Status and Corporate Identity: The structure of One Person Company (OPC) is very much similar to a Private Limited Company (Pvt Ltd). This helps Entrepreneurs to invite Corporate Investment, Quality Workforce and Increase Business Globally.
  • Continued Legal Existence: A One Person Company (OPC) has 'perpetual succession' i.e. it's existence will sustain, until unless it has been legally liquefied. The legal existential status of One Person Company (OPC) remains unchanged, even after death/other departure of shareholder. Any such company also continues to legal exist in case of Changes of Ownership.
  • Limited Liability: According to Indian law, One Person Company (OPC) is referred as a distinct/separate identity from its owner. This clause legally disconnected the personal assets of shareholder(s) and director(s) in the company. The personal assets of shareholders and directors remain legally safeguarded from acquisition/liquidation if there is a credit default by One Person Company (OPC).
  • Lesser Compliances and Formalities: One Person Company (OPC) needs to meet comparatively less compliances than a Private Limited Company (Pvt Ltd) or aPublic Limited Company (listed or unlisted), Ltd. One Person Company (OPC) is also relieved from Procedural Formalities such as Annual General Meetings (AGM), General Meetings (GM) and Extraordinary General Meetings
Documents

Documents Required

In regard to the Sole Proprietorship Registration, following documents are needed:

  • Copy of PAN Card
  • Identity Proof (Voter Card, Passport, Driving Licence)
  • )Address Proof (Bank Statement, Mobile bill, Telephone bill)
  • Passport Size Photo

Choose your PackageSimple Prices - No Surprises

STARTER

₹1199 /-

Proprietorship Firm Registration :-

  • One DIN & DSC ,PAN & TAN
Popular

ECONOMY

₹2999 /-

Proprietorship Firm Registration :-

  • MSME certificate
Best Buy

PREMIUM

₹ 3999 /-

Proprietorship Firm Registration :-

  • MSME certificate
  • GST certificate
  • . TAN

Get answers to all your queriesFAQs On One Person Company

NO,there is no limited liability protection in sole proprietorship.

Sole proprietorship is basically for small merchants and traders.

For set up sole proprietorship one member is allowed.