Proprietorship Registration - Fiwin Legal Consultancy & Certification LLP


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    What is a Sole Proprietorship Firm?

    Sole proprietorship is a type of business entity which is owned and managed by a single person only. It is not governed by any law and hence it is the easiest form of business in India. All the decisions and management of the business is in the hands of one person.

    Benefits of Proprietorship Firm


    Minimum Compliances


    Easy to Start


    Lower cost


    Complete control

    Required for Sole Proprietorship Firm


    Shop and Establishment Act License


    Benefits of Proprietorship Firm

    Minimal Compliances
    A proprietorship firm has very minimal compliance requirements which makes it much more preferable option than One Person Company.
    Easy to Start

    Sole Proprietorship is not governed by any law and does not require any mandatory . the easiest way of starting a business

    Lower cost

    As there are minimal compliances, there is no need to hire an auditor for meeting the legal compliance requirements.


    Complete control

    As a proprietorship firm is owned by a single person, he has the complete control over the business decisions and there are no interventions of any kind.

    Frequently Asked Questions

    You can register your business as a sole proprietorship by GST . There are additional and beneficial too like MSME, Shop & License License, etc.

    Yes, one needs to obtain GST in order to establish the existence of the proprietorship firm.

    The three advantages of a sole proprietorship are:

    1. Minimal Compliances requirement
    2. Easy to Start
    3. Lower Cost

    On average, it takes around 7-10 working days for registration of sole proprietorship firm in India subject to document verification by the concerned authorities.