A Proprietary Firm is one of the simplest and most common business structures in India. It is owned, managed, and controlled by a single individual, making it ideal for small-scale businesses and startups.
Proprietary Firm Registration: A Simple and Cost-Effective Solution for Small Businesses
A Proprietary Firm is a business structure where a single individual owns and operates the entire business. It is one of the simplest forms of business registration in India and is ideal for small business owners who want complete control and flexibility over their operations. It involves minimal paperwork, lower compliance requirements, and fewer registration fees, making it an excellent choice for freelancers, consultants, and small enterprises.
What Will You Get?
Documents
Details
Certificate of Registration
Official document of registration issued by the Registrar of Firms.
Permanent Account Number (PAN)
Required for tax purposes and identification.
Tax Deduction and Collection Account Number (TAN)
Essential for TDS filing and collection.
Digital Signature Certificate (DSC)
Used for signing electronic documents and filings.
Proprietary Firm Registration: The Easiest Way to Start Your Business
Registering a Proprietary Firm in India is straightforward and offers numerous benefits such as low registration costs, easy maintenance, and full control over business decisions. This structure is best suited for single-person businesses or professionals who wish to operate independently without the complexity of a partnership or company.
Sahyog makes the process hassle-free by handling the registration, preparing necessary documents like PAN, TAN, and DSC, and ensuring full compliance with the law. Focus on your business while we take care of the paperwork.
Eligibility Criteria for Proprietary Firm Registration
Requirement
Details
Number of Partners
1 individual (single-person ownership).
Nationality of Owner
The owner must be an Indian resident.
Age of Owner
The individual must be at least 18 years old.
Documents Required for Proprietary Firm Registration
For the Sole Proprietor:
Document Type
Required Document
Photograph
Passport-sized color photograph.
PAN Card
Mandatory for the proprietor.
Identity Proof
Any one: Driving License, Aadhaar Card, Passport, or Voter ID.
Address Proof
Any one: Bank Statement, Mobile Bill, Telephone Bill, or Electricity Bill (not older than 1 month).
For Registered Office:
Document Type
Required Document
Address Proof
Any one: Utility bill (electricity, telephone, or mobile).
Features and Advantages of Proprietary Firm Registration
Feature
Description
Full Control
The proprietor has complete control over all business decisions and operations.
Simplified Taxation
Taxation is simpler, as the income is directly taxed in the proprietor’s personal returns.
Minimal Compliance
Proprietorships face lower regulatory and legal requirements compared to other business types.
Lower Operational Costs
Due to limited compliance requirements, operational costs are much lower.
Flexibility
Easy to modify the business structure and operations without external approval.
Conclusion
Proprietary Firm registration is the perfect choice for individuals who want to start their own business with minimal costs and hassle. This structure is ideal for small businesses, freelancers, and consultants who wish to have full control over their business while keeping regulatory requirements to a minimum.
