Sole Proprietorship

We can show you how to set up your sole proprietorship quickly, freeing up time for more important tasks.

HIGHLIGHTS

What you should know about Sole Proprietorship?

Hassle-free incorporation: A Sole Proprietorship takes the hassle out of incorporating business entities.

Reduced costs: The expenditures incurred from the establishment of a Sole Proprietorship is far less than that of other business models.

Fewer regulations: Compared to other models, there are fewer legal hurdles to overcome regarding taxes and incorporating.

Business autonomy: With Sole Proprietor status, the independent business owner has complete col of his business’s day-to-day operations.

Promotion control: This is the only business model that gives the owner complete control of promoting his business.

Corporate tax relief: Under Indian tax laws, businesses that adopt the Sole Proprietorship model are exempt from the corporate flat tax, unlike other businesses.

What makes Sole Proprietorship the perfect model for your business?

Sole Proprietorship gives your business a head start, especially if you’re operating with limited resources. In addition, it has proven to be the most feasible business model if you want to avoid the legal hurdles of other models, and avoid exorbitant expenditures that your business concern might not be able to afford.

Sole Proprietorship Formation Procedures

  • 1

    Upload the necessary documentation to our web portal

  • 2

    Choose the package that best suits your purpose and payment method

  • 3

    After your order has been received, it will be entrusted to one of our expert staffers

  • 4

    One of our professional staffers will finalize the necessary paperwork for the formation of the business entity.

  • 5

    He will also secure the Government registration certificate on your behalf

  • 6

    The registration certificate will then be promptly mailed to you

Documents Required

Documents Required for Sole Proprietorship

Passport Size Photo

Passport-size photo

Aadhaar card

Aadhaar card

Business Physical Address

Business’s physical address

AVAILABLE PACKAGES

Proprietorship Registration

3499
Includes all taxes

Proprietorship Registration

Common Questions About Sole Proprietorship

Answer

If you have limited funds, the Sole Proprietorship is the best option for your startup. In addition, it is the more feasible option to pursue if you want to execute your business strategy without the crippling legal restrictions and fees.

Answer

You should be able to complete the whole Sole Proprietorship process in less than 3 weeks, depending on the type of registration you are pursuing. However, the process may be extended should there be any delays in Government approval.

Answer

Businesses that operate under the Sole Proprietorship model can expect to be accessed a lower tax rate than other business models. They pay the 10% rate usually accessed on single payers, instead of the 25% accessed on corporations.

Answer

If your business already has a current or new account, you’ll need to furnish the Shop Establishment certificate when applying for Sole Proprietorship Certificate.

Answer

Responsibility for the Sole Proprietorship registration has been assigned to the Registrar of Establishments.

Answer

Yes. e-file has an online platform that can be accessed from anywhere in India. All you need is a good internet connection and a smartphone and we’ll have you up and running in no time.

Answer

No, you do not have to be present. e-file has an online platform that can cater to all your business needs. All you need is a solid internet connection, a smartphone or computer, and we can have your business up and running no matter if it’s in the farthest corners of India.