Proprietorship

Proprietorship registration or starting a Sole Proprietorship in India is a simple process! It’s the fastest and the simplest way to start a business! Ease of formation and full control are the biggest advantages of starting aproprietorship.
Documents required:-

  1. PAN card
  2. TAN card
  3. Service tax registration
  4. Sales tax registration.


Sole Proprietorship Registration: Procedure
A sole proprietorship does not need to be registered (so yes, ‘registration of a sole proprietorship’ is a wrong thing to say) and is therefore an inexpensive manner of commencing business. However, in order to start a sole proprietorship you require industry specific licenses. A few general things are mentioned:

  1. Service tax registration: Form ST 1 is to be filled for registration if the taxable services are more than 10 lakh for a financial year. (Compared you with Jobs in the beginning I am certain you will do extremely well to require this.)
  2. VAT/CST registration: If you/proprietorship is selling tangible goods within a state then VAT applies, if it is inter-state then CST applies. The threshold for registration for VAT varies depending on the city in which you commence business but a CST registration is imperative if you affect an inter-state transfer.
  3. Others: Shops & Establishment License, Employee Provident Fund Registration, Importer Exporter Code and Professional Tax.