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Sole Proprietorship Registration

Register your sole proprietorship firm online through EAdvisors. Fill the form and leave the rest on us. Our expert will contact you soon for the beginning of the registration.

What you get?

  • GST Registration
  • UDYAM Registration
  • Expert support
  • Free Guidance

We will help You!

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Sole Proprietorship Registration with EAdvisors.

Now registering a sole proprietorship firm  is easy, hassle free and quick with EAdvisors company registration professionals.

Drop Query

Provide your exact requirement and wait for our expert to contact you.

Discussion with Expert

EAdvisors expert will contact you to discuss about registration process, documents required and resolve your queries.

Drafting of Application

Drafting of PAN Card application, registration application etc. and other necessary applications for additional registrations.

Issuance of Certificate

Concerned department will issue certificate of GST and Udyam Registration.

INTRODUCTION

In this era of growing need of financial self-dependency and independence from reliance on others, almost every other person wishes to be a boss of their own. And why not be, for it has numerous perks associated to its name that none can give a hoot to the self-reliance a self-owned business gives. Talking in legal terms, it is what is known as sole-proprietorship. Formally, any enterprise being run by a sole person who is at the sole authority of the business, and the business is not a legal entity, is termed as sole proprietorship and it is believed to be the simplest form of business, to operate one. A sole proprietorship firm, is one of the most popular form of business, due to its simplicity, nominal cost of operation and ease of setup. So, let us delve in and get to know more about sole proprietorship.With the less investment required and having control of the business solely in the hands of an individual is what simply means “Sole proprietorship”. However, incorporating a sole proprietorship have some drawbacks as well. Here is mentioned everything related to the sole proprietorship, including the advantages and the disadvantages.Sole proprietorship is not covered under any Act and hence it is optional to get sole-proprietorship firm registered. With only one member being the owner is what you need to incorporate a sole-proprietorship firm.

DOCUMENTS REQUIRED

  1. Aadhaar Card of the applicant
  2. PAN Card of the applicant
  3. Passport size photograph
  4. Proof of registered office
  5. Email Id and Contact Number
  6. Bank Account
  7. KYC documents
  8. Rental Agreement or sale deed (required for Shops & Establishment Act Registration)

ADVANTAGES

  1. Less compliances as it requires only one member to run the business. Among all the other business entities and firms, the sole proprietorship is the only one which requires very less of compliances.
  2. Quick decision making. In case of sole proprietorship, the control and the power is with the owner and therefore he is not required to consult or wait for other person’s acceptance. He can decide and take decisions on his own.
  3. Enjoying all the profits Being the sole beneficiary, he has full rights on the profits of the business. It is one of the greatest advantage of incorporating a sole proprietorship firm.
  4. Confidentiality of Data An entity whose database is not required to be maintained on an online portal. You must have seen and heard that private and public company’s financial data is visible on an online portal of MCA which can be viewed by anyone. As private and public companies file their annual returns on MCA Portal. But in case of sole proprietorship, there is no as such regulations. Therefore, all the information is safe and private with the owner itself.
  5. Easy incorporation There is no specific requirement to get sole proprietorship firm registered which means you can run your proprietorship firm without the requirement of registration

DISADVANTAGES

  1. Unlimited liability The major disadvantage of a sole proprietorship firm is that in case of any occurrence of a loss, the owner of the sole proprietorship firm is liable to pay for it and even his personal assets can be utilized for discharging the loss happened in the business.
  2. Lack of Continuity In case of proprietorship firm, if the owner is unwell, the business will be closed for that period of time which will eventually impact the business negatively. And if unfortunately, he dies, the business will have to be winded up. Therefore, there is no concept of continuance of business by any other person, other than the owner.
  3. Limitations in Expansion A sole owner cannot have all the required skills to run the business effectively. Therefore, having only one member, limits the scope of the business. Also, with the limited capital, the business cannot grow which restricts the business growth.
Sole Proprietorship

Step by Step Registration Process

Applying for PAN

Applying for PAN is the first step in the sole proprietorship registration process.

Name Selection

After obtaining the PAN Card, the next step includes the name selection of the sole proprietorship firm.

Opening a Bank Account

Opening a bank account in  the name of business is certainly the third step. Creating an account is necessary for all the business transaction to be executed from that account.

Other Basic Registration

After all the necessary processing is done, there are some additional registrations required depending on the conditions it fulfills.

How we work

Day 1

The first day is when a client sends documents. The day when we receive the client’s documents that are required for the registration process.

Day 2

The second day is when we draft an application for getting PAN Card.

Day 3

After PAN Card application, process of name selection is done where we suggest the best appropriate name for your sole proprietorship firm.

Day 4-5

In the next 2 days, we apply for opening a bank which we will be opened in the name of sole proprietorship firm.

Day 5-10

In the next 5 days, other basic registrations are done. Like registration under :-
-Shops and Establishments Act
-GST Registration
-MSME Act

GST Registration


This package includes free GST Registration to the applicant.

UDYAM Registration


Udyam Registration is also inclusive in the package provided in the sole proprietorship registration package.

Expert Support


EAdvisors provide expert support to all clients for smooth and successful registration process.

Free Guidance


Not just for registration process, but for future venture as well, free guidance is given by our EAdvisors team of expert.

Registration Certificate


Registration certificate shall also be provided in the package.

What you get in this package?

We are offering you ultimate package of Sole Proprietorship

EAdvisors Sole Propreitorship registration package provides you with GST Registration, Udyam Registration, Expert support, free guidance and the registration certificate.

Quality Efficient Services

We at EAdvisors are here with our professional services and experts to serve you. We have successfully satisfied our clients with their requirements since a long time and will continue it all time. EAdvisors has 99 % of customer retention ratio.

Our Quality work says it all!

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24*7 Support

To provide constant support to our customers, we are available on WhatsApp as well as on Email. For consulting us directly you may call or WhatsApp us at: +91 991 0000 833 To resolve your complicated query, contact us through Email Id :info@eadvisors.in

Happy to Serve you!

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Exclusive

Dedicated Professional guidance

Professional experts of company registration are here at your service to assist you in incorporating companies. For making it hassle free procedure we will be assisting you a professional who will be there throughout your company registration. Your work is our duty and in the hands of our experts.

Experience the upgraded professional services from EAdvisors!

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Transparency

Our work is to provide with best of services and that too with transparency. We aim to make clients that goes long with us and stay satisfied with our variety of services. No hidden charges exist and everything will be informed to you well in advance.

So, stay secured with our transparency!

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Timely Completion

With guaranteed 10-12 days registration, we provide our clients with issuance of Certificate by ROC. Considering one day when documents will be received by us from our clients, then other two days for name approval procedure that is considered by ROC and another day for filing application for Incorporation of Company. On 10th day as we commit, will provide you with certificate of incorporation,

Committed to Work! Committed to Quality!

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Promise confidentially

We have achieved alot in past years and aiming to increase it in future as well and that became possible because of our motto to keep our clients information secure with us. Stay confident while dealing with EAdvisors, your every single information will stay private with us.

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EAdvisors Sole Proprietorship

EAdvisors offers you various benefits

No Hidden Fees

EAdvisors is a well-known company, popular for its quality work and therefore no hidden or extra is charged by our clients.

 

Fast and Easy

By just sharing your documents with us on WhatsApp or email, you will get your dream company ready within 10 days only.

 

Order Registration

You will be given a Unique Order No. for you to track the status of company registration process. We offer this unique tracking method to given them a sense satisfaction that their work is our utmost priority. 

Secure Payments

Once the registration process gets started and payment is also made, it is our duty and responsibility to keep your payment secure and in return registering your company.

Use Local Currency

Being a company established in India, we will be accepting the payment in Indian Currency through any of the online mode of transfer.

Intelligent Working method

As the world is also getting advance within time, we have also established online way of accepting documents and creating your company.

Looking of a Company Solution?

Contact our team to get quote

Factors To Be ConsideredPrivate Limited CompanyOne Person CompanySole proprietorshipLimited Liability PartnershipPartnership Firm
Ideal ForStartup and growing CompaniesSingle promotersSmall Traders and ManufacturersProfessionalsSmall business & Home Business
Requirements2 Directors/Shareholders1 Director/Shareholder1 Proprietor2 Partners2 Partners
Initial InvestmentNot RequiredNot RequiredNot RequiredNot RequiredNot Required
Tax AdvantagesFew benefitsFew benefitsMinimalMost efficientMinimal
CompliancesHighHighMinimalLowMinimal
Limited Liability ProtectionYesYesNoYesNo
Time Taken5-10 days5-10 days2-5 days10-15 days5-10 days
Frequent Asked Questions

Sole Proprietorship

Put simply, it is an entity owned and run by an individual having no separate entity between the firm and the owner.

There is no act specifying the compulsory registration of sole-proprietorship therefore, it is an optional step. You may or you may not register a sole-proprietorship firm. However, registering the firm will be advisable to the owners of sole-proprietorship business.

Contact EAdvisors and send us the required documents. We will provide you with an expert who shall be there throughout the registration process of sole-proprietorship firm.

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