Proprietorship Registration in Delhi NCR

Register a Proprietorship

If you have a hidden entrepreneur in you with some great ideas, proprietorship will be a best option for you. It can be started with low capital and get registered very easily without much hassle of time-consuming formalities.

Also a proprietorship is cost effective and thus affordable formation. The management of the business is also inexpensive as no human capital is required to run the business. To do monetary transactions for your company you need to have an account on the firm’s name.

The confidentiality and privacy is another advantage. This feature makes a proprietorship firm’s most flexible option. There is no legal binding to publish his accounts. Thus, the maintenance of complete secrecy leaves no room for his competitors to be aware of the business secrets.

Proprietorship Registration

Sole Proprietorship is a business enterprise that is owned and controlled by one person who possesses the entire authority & responsibility with respect to the business. Legal responsibility for the obligations of the business is on the sole proprietor. The practical implication of such an arrangement is that an owner alone gets the entire profit (after paying costs) but he is also personally liable. All the profit and loss of business are accountable under the proprietor’s name only. A sole proprietorship can be established by opening a current account in the name of proprietorship firm. The formation and dissolution of the sole proprietorship is very simple. Since the proprietor is the only decision maker and no regulations are applicable for the closure of the business he can dissolve his business any time.

Proprietorship firm is known for its countless benefits. First of it is easy to register as all you need is the copy of pan card, Adhaar card of the proprietor, home, and office address proof. It’s a hassle free process.

Biggest of all, the proprietor is not answerable to any investor or business partner. Retention of complete control over the finances of the business all of whose profits flow to the owner means that this form of business organization gives a very strong incentive for work to the business owner.


Bank account: One should open a bank account in the name of the proprietorship firm.

Business licenses : The business can be run out of home but if the proprietor wishes to run it out of a commercial place then the provisions of the Shop & Establishments Act need to be complied with, the provisions of the Act themselves vary across states.

Tax registration: ( GST Registration ) –

From 1st July 2017, the government of India imposed the GST on all the businesses. GST is basically a uniform tax which replaces the various taxes like Service Tax | VAT/CST Registration or TIN Number etc.

Depending on the yearly turnover, getting registered under GST has become mandatory. With an yearly turnover of more than 20Lakhs ( 10 lakhs for north eastern states) the companies are required to register for GST.

Documents Required for GST registration:-

# 1 Aadhar Card Copy

# 2 Pan Card Copy

# 3 Personal Bank Statement Copy/Cancelled Cheque

# 4 Copy of Electricity Bill of owner’s office or business premises.

#5 Passport Size Photograph

Trademark registration : It’s generally a good idea to come up with a trade name for the business and get it trademarked.

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Why Have A Proprietorship Firm

Easy Registration

It is easy to open, easy to manage and easy to close. It needs only one owner to register the firm.

Business Name

You get an identity for your business. The brand is important not only for compliance but also to get more customers.

Cost effective

The cost of establishment of a sole proprietorship is the minimum because no cost is involved in its formation except the license fee.

Confidentiality & Privacy

Each and every thing of the business is looked after by the proprietor and the business secrets are known to him only.

Most Competitive Pricing

The price we take is lowest as per industry norms with a guarantee to provide registration certificate in just 7 days.

Documents required to get registered as mentioned below -

1) Pan Card copy of proprietor

2) Utility bill copy of business location

3) Aadhar Card copy of proprietor

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One Point Compliance is a trusted name for all legal and regulatory services. We have defined our services to fit clients from all walks of life. Whether you are an entrepreneur or an established businessman, our services literally make law easy for you.

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If you are confused and looking for answers for questions related to business registration, tax filing or compliance, we are here to help.

Just reach us and we are sure to provide you with ample legal services.

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