Sole Proprietorship Registration in 7 days

List of documents required for Proprietorship registration

  • Aadhar Card
  • Pan Card
  • Bank Account
  • Registered Office proof

Rating

Rating

Rating

Why Should You Use Advisor Daddy For Sole Proprietorship Registration?

Appointment

Reach out to our experts and book an appointment with us


Step 1

Queries

Provide the required documents and get your queries resolved without any delay

Step 2

What is a Sole Proprietorship?

Proprietorship Registration – Sole proprietorship is an unincorporated business, owned, managed and governed by one person. This business is one of the most popular business types to begin, specifically among merchants and small traders, consultants, as it can be incorporated in just 15 days and lacks government regulation. It is the easiest and cheapest forms of business to start with. Many businesses start as sole proprietorships and transfer into a Limited Liability Entity.

A sole proprietor is the same as self-employed, they are their own boss. They have complete control and get all the profits. Their business and personal finances are the same and one. But its limitation is that unlimited liabilities and losses are also borne by the owner.

How to check Proprietorship status?

we don’t have to register sole proprietorship. Hence, there is no platform to check the status of a sole proprietorship. However, if a proprietor has applied for GST registration, the GST registration and filing status of the proprietorship can be checked on the GST Portal to confirm the existence of the proprietorship.

Proprietorship Vs Limited Liability Partnership (LLP) Vs Company

Features Proprietorship Partnership LLP Company
Definition
Unregistered type of business
entity managed by one single person
A formal agreement between two
or more parties to manage and operate a business
A Limited Liability Partnership is
a hybrid combination having features similar to
a partnership firm and liabilities similar to a company.
Registered type of entity with limited liability to the owners and shareholders
Ownership
Sole Ownership
Min 2 Partners Max 50 Partners
Designated Partners
• Min 2 Directors

• Min 2 Shareholders

• Max 15 Directors

• Max 200 Shareholders

For One Person Company

• 1 Director

• 1 Nominee Director
Registration Time
7-9 working days
7-9 working days
7-9 working days
7-9 working days
Documentation
• MSME

• GST Registration
Partnership Deed
• LLP Deed

• Incorporation Certificate
• MOA

• AOA

• Incorporation Certificate