π Registration Workflow β Step by Step
- π Expert Consultation: Connect with our legal advisors
- π Document Submission & Verification: Upload your KYC & address proofs
- π Application Filing: We complete registration (GST, Shops Act, Udyam)
- π Certificate Issuance: Get your business registration certificate
- π² Regular Updates: Transparent tracking & milestone alerts
π Overview & Core Elements
- What is a Sole Proprietorship?
A business fully owned and run by one individualβideal for small entrepreneurs, traders, and freelancers. In India, profit is taxed under your own PAN or a trade name. Registration takes ~15 days. - Key Attributes
β’ Single-owner control
β’ Fast setup (5β15β―days)
β’ Ungoverned by MCAβidentified via GST/Shop Act
β’ Unlimited liabilityβowner bears all risk
β’ No perpetual existenceβfirm ends with owner
π Eligibility & Registration Checklist
Must-have documents include:
- GST Certificate (if turnover >40β―L)
- Shop & Establishment License (municipality)
- Professional Licenses (CA, lawyer)
- IEC Code (import/export traders)
- Past ITRs (for proof)
- Utility bills in business name
- PAN & Aadhaar / DL / Voter ID
β Compliance Obligations
- Income Tax ITRβ3/4 β annual filing
- GST Returns β monthly/quarterly
- TDS Returns β quarter-wise (if applicable)
- Professional Tax β as per your state laws
π― Key Benefits
- Instant commencement β minimal formalities
- Complete autonomy β full decision-making power
- Tax simplicity β profits taxed under your name
- Cost-effective β lowest operational expenses
- Flexible operations β ideal for SMEs & freelancers
π¦ Opening a Current Account
You’ll need:
- PAN, Aadhaar & address proof
- Business registration (GST or Shop Act certificate)
- Utility bill in business name
- Cancelled cheque or bank statement for KYC
π Verify Your Proprietorship Status
Check via:
- GST Portal β search with GSTIN
- Municipality records β Shop Act
- Bank confirmation
- Professional Tax Department
- Utility bill verification
βοΈ Comparison: Business Structures
| Feature | Proprietorship | Partnership | LLP | Pvt Ltd Company |
| Legal Owner | Single | Multiple | Multiple | Multiple |
| Liability | Unlimited | Unlimited | Limited | Limited |
| Setup Time | 5β15 days | 7β10 days | 10β15 days | 7β12 days |
| Compliance Level | Low | Moderate | High | High |
| Transferability | Not Allowed | Allowed | Allowed | Allowed |
πΌ Why Choose FilingWindow?
- β 300+ Legal & CA Experts β nationwide support
- β Hassle-Free Document Handling β we do it all
- β Transparent Status Tracking β milestone-based alerts
- β Competitive Pricing β no hidden costs
- β Quick Turnaround β average 5β15 working days
- β Pan-India Coverage β especially Noida, Delhi NCR & beyond
π Ready to Register?
Start your proprietorship journey with FilingWindow, your trusted partner for seamless business registration.
π Call Now: +91β―88266β―55143
π Visit: www.filingwindow.com
π© Email: team.filingwindow@gmail.com
π¬ FAQ
Q: What is a Sole Proprietorship?
A simple business structure where a single individual has full ownership and personal liability for business debts.
Q: What are its key benefits?
Fast setup, full control, tax simplicity, low cost, minimal regulation.
Q: Any drawbacks?
Unlimited liability and no perpetual succession.
Q: Documents needed?
PAN, Aadhaar, business address proof, GST/Shop Act certificate.
Q: Can I convert it later?
Yes, easy conversions to LLP or Pvt Ltd structures are possible.
Q: Is GST mandatory?
Only if taxable turnover exceeds threshold (βΉ40β―L/βΉ20β―L for special states).
Q: Are ITR filings required?
Yes, file annual ITR-3 or ITR-4, depending on business type.
Q: Can I open a current account?
Yesβbank requires KYC + business proof (GST, Shop Act, utility bills).


