Proprietorship Registration with Consult Your Counsel
Start Your Business the Right Way – With Expert Legal Guidance
A Sole Proprietorship is one of the oldest and most straightforward forms of business structure in India. It is ideal for individuals who wish to start a business quickly, with full ownership and minimal compliance. In this model, the proprietor and the business are legally the same entity, with the owner bearing complete control and responsibility.
At Consult Your Counsel, we assist entrepreneurs in setting up a sole proprietorship through a fast, legally compliant, and efficient registration process. With our expert legal support, you can confidently begin your business and remain compliant with the applicable regulatory requirements.
Understanding Sole Proprietorship Registration in India
Unlike other business structures, a sole proprietorship does not require incorporation through a centralized government portal. Instead, its legal existence is established through registrations such as GST, UDYAM (MSME), and Shops & Establishment Licenses. These are essential for legal recognition, bank account setup, loan applications, and regulatory compliance.
Key Registrations for Proprietorship
- PAN and Aadhaar of the Proprietor
- UDYAM (MSME) Registration – To access small business benefits
- GST Registration – Mandatory if turnover crosses prescribed thresholds
- Shops & Establishment Registration – As required under local labor laws
- Current Account in Business Name – Essential for business operations
Advantages of Sole Proprietorship
- Simple and quick setup process
- Minimal compliance and cost-effective maintenance
- Complete control in the hands of the proprietor
- Full confidentiality of business affairs
- Ideal for small-scale or local businesses
Limitations of Sole Proprietorship
- Unlimited personal liability for business debts
- Challenges in raising capital or attracting investors
- Business continuity tied to the life of the proprietor
- Restricted scalability and limited external recognition
- Absence of formal centralized registration
How We Help at Consult Your Counsel
We provide end-to-end assistance to register and operationalize your proprietorship legally and efficiently. Our services typically include:
- GST Registration
- UDYAM (MSME) Registration
- Shops & Establishment License (if required)
- Business Current Account Setup (Zero Balance)
- Advisory on ongoing compliance obligations
Step-by-Step Process
- Consultation – Discuss your business model and goals with our legal experts
- Quotation – Receive a customized and transparent pricing proposal
- Document Collection – Submit essential KYC and business documents
- Application Filing – We prepare and file your registration applications
- Completion – Receive all registrations and begin operations legally
Documents Required
- PAN and Aadhaar of Proprietor
- Recent Passport-size Photograph
- Proof of Business Address (Utility Bill or Rent Agreement)
- Cancelled Cheque or Recent Bank Statement
- Authorization for GST Filing
- Additional ID/Address Proofs (if applicable)
Post-Registration Compliance
- Filing of Income Tax Returns (ITR-3 or ITR-4 based on income)
- Monthly/Quarterly GST Returns (if registered)
- TDS Compliance (if applicable)
- Local or sector-specific licenses (as required by law)
Timeline
With our streamlined process, Proprietorship Registration can be completed within 7 to 15 working days, depending on documentation readiness and government processing timelines.
Permissible Activities
A proprietorship can engage in any lawful business activity, except for sectors requiring a corporate entity or special regulatory approvals (e.g., banking, finance, defence, insurance, telecom).
Why Choose Consult Your Counsel?
- Experienced legal and compliance professionals
- Industry-specific advisory and tailored registration approach
- Transparent fee structure with no hidden charges
- Full legal support under one roof—registration to post-setup compliance
- Responsive and reliable service delivery
Start Your Proprietorship Registration Today with Consult Your Counsel.