How to Register a Sole Proprietorship - Tax Rupees

Proprietorship is an unincorporate business owned by a single person who is responsible for its liabilities and entitled to its profits. the sole proprietorship is the favorite business from for the small entrepreneur. To start a sole proprietorship in India applicants need to get their business registered as a sole proprietorship under the Register of firms (ROF).The following documents are required for registration of business as the sole proprietorship in India.

These are mandatory document required for sole proprietorship registration are required to creek legal identity of business .These are -

  1.  Adhar card /(voter card /driving license /passport )etc. of the owner/proprietor.
  2. Permanent Account Number (PAN) card.
  3. Bank Account (Details of savings or current account).
  4. Registered office address proof - Commercial electricity bill /sale deep of the office location for a self -owned property ,similarly Rent agreement and NOC from the landlord for the rented property.
  5. Small and Medium Enterprise (SME) Registration.
  6. Shop and Establishment Act License (registration certificate under the shop and establishment act of the state in which the business is located).
  7. Goods and services tax (GST) Registration certificate -GST Registration certificate is mandatory for business dealing with liter state sales and services or within the sate with turnover more than prescribe GST turnover limit. GST registration is also mandatory for E-commerce or the internet base business.
  8. Import Export code (IEC) Registration by Director -General of the Foreign Trade (DGFT) ,ministry of the commerce is required ,only for every import/export business in India.

Along with the application for applicant is required to deposit a certain amount of registration for the with the respective authority .sole proprietorship registration fees in India slightly vary from state to state once application from and document are verified by the authorities ,the proprietorship registration certificate is issued to proprietor of the firm.