You can start your proprietorship in one day with the basic registration formalities. This is a simple form of business with an individual investment, where the proprietor is entitled to all the profits earned. Registration of Goods and Services Tax (GST), obtaining PAN & TAN are mandatory as per the Income Tax Act.
Our expert team can help you to get started by guiding you thru the entire process without any hassles.
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Fill up the Enquiry Form and we will call you to discuss your requirement
Our professional team will prepare the necessary documentation and initiate the process
- Proof of Registered Address
- PAN Card Copy (if available)
- Two Recent Passport Size Photos
- Photo ID proof like Passport
- Aadhar card/Driving License for address proof
- Cancelled Cheque Leaf
Process & Timeline
Documentation of the proprietorship, about the business, and the location.
Naming the Business
The next step would be to fix a name for the proprietorship. The proposed name needs to be searched in the trademark registry to avoid any infringements.
Open a bank account and submit identity and address proofs.
Registering a GST number is mandatory if the income is more than Rs. 10 lacs per year. This GST number is also required at the bank.
TAN is a number allocated to a business that complies with the provisions of withholding tax.
If not available, we will help to get PAN Card, which is mandatory for all financial transactions and income tax filing.
We also do MSME registration and help you reap the benefits and schemes announced for MSMEs by the Government