Sole Proprietorship Setup

Want to start your own business quickly with low cost and minimal compliance? A Sole Proprietorship is the simplest and most popular form of business in India. It is ideal for individual entrepreneurs, freelancers, small shop owners, and service providers who want to operate in their own name.

At NEXGENCA, we help you register your sole proprietorship with the necessary licenses and tax registrations so that you can run your business legally and smoothly.

Why Choose Sole Proprietorship?

Simple & Easy to Start – No complex registration required.
Complete Control – Owner has full authority over business decisions.
Low Cost Setup – Most affordable way to start a business.
Tax Benefits – Income is taxed as per individual slab rates.
Ideal for Small Businesses – Traders, freelancers, consultants, retailers, etc.
Quick Bank Account Opening – Use registration proofs to open current account.

Eligibility for Sole Proprietorship

Any Indian citizen above 18 years of age.
PAN card and Aadhaar card mandatory.
A place of business (residential or commercial).

Step-by-Step Sole Proprietorship Registration Process

Step 1: Choose a Business Name

Select a unique trade name for your business.

Step 2: Get Required Registrations/Licenses
Based on the nature of business, you may need:

GST Registration – For businesses with turnover above ₹20–40 lakh or interstate supply.
Udyam (MSME) Registration – For small businesses to avail government benefits.
Shop & Establishment Act License – For local business operations.
Professional Tax Registration (if applicable in your state).

Step 3: Open Current Bank Account

Use registration documents (GST/UDYAM/License) to open a current account in business name.
Timeline: 5–7 working days

Documents Required

For Proprietor

PAN Card
Aadhaar Card
Passport-size photo
Email ID & Mobile number

For Registered Office

Electricity bill/Utility bill (latest)
Rent Agreement + NOC from owner (if rented)
Ownership proof (if owned)

Timeline for Sole Proprietorship Registration

Documentation: 1 day
GST/UDYAM/Shop License Application: 3–5 days
Bank Account Opening: 1–2 days
Total Time: 5–7 working days

Post-Registration Benefits

Can open a current account in trade name
Can apply for GST refunds & input credit
Eligible for government MSME schemes (if Udyam registered)
Legal recognition for contracts and billing

Why Register Sole Proprietorship with NEXGENCA?

Quick registration within 5–7 days
Expert guidance on required licenses (GST, Udyam, Shop Act)
Assistance in opening current account
Affordable packages with no hidden costs
End-to-end support from our professionals
Start your Proprietorship Registration today with NEXGENCA and begin your entrepreneurial journey hassle-free

A sole proprietorship is a one-person business owned and managed by an individual.

No central registration is required, but GST, Udyam, or local licenses may be needed.

No, you can start with any amount.

Yes, you can use a residential address as your registered office.

Your business income is taxed as personal income under individual tax slabs.

GST is mandatory if turnover exceeds the threshold (₹20–40 lakh) or for interstate supply.

Audit is not compulsory unless turnover exceeds limits specified under Income Tax Act.

Yes, you can upgrade to a more structured business entity when you expand.

Only one person can own and manage a sole proprietorship.

Yes, you can apply for business loans using GST/UDYAM certificate as proof.

For small businesses, Proprietorship is best; for growth and funding, Pvt Ltd is ideal.

Yes, PAN is mandatory for both proprietor and for GST/other registrations.

It usually takes 5–7 working days.

While not mandatory, expert guidance ensures smooth and error-free registration.

Yes, it’s perfect for freelancers, consultants, and service providers.

Office Address

Phone Number

Email Address