Proprietorship

ACCASYS offers proprietorship registration starting from Rs. 3000/- onwards

Payroll Administration

Sole Proprietorship

The businesses that are owned and managed by a single person are likely to be known as proprietor which is the most popular term among the local small traders and merchants. It does come with certain limitation as well which is its unlimited liability tag - Means exposure to private assets are unlimited and the other drawback is its limited scope for business funding.

There is no statutory compliance like auditing, reporting, Annual Filing, etc. Moreover it is relatively inexpensive compared to other form of registered businesses which is why it is most popular among small and private funded businesses.

Therefore it is very easy to set up a proprietorship and we make the entire registration process that much simpler that you will have a soothing experience with us.

The basic registration available for proprietary firm is Udyog Aadhar registration as Government of India has not laid out any particular framework for registration of a Proprietorship. The registration of sole proprietorship can be done in various forms but usually carried out in six other forms of registration but all in the Name of Proprietor. Therefore, any one from the below 6 registration is enough to recognize your business as registered proprietorship.

  • VAT Registration
  • Service Tax Registration
  • Professional Tax Registration
  • Shops and Establishments Act Registration
  • Import – Export Code
  • MSME Registration

Although registration is not mandatory for few small businesses but to open a current account, the proof of existence of your business is essential. Most banks will ask for a Shops & Establishments Act Registration.

Pricing

Basic
3000/-

all inclusive fees

Accasys’s fees for this basic part will only include TAN registration, MSME under Udyog Aadhaar and iCFO compliance tracking. This fee is Inclusive of government fee and service tax

Standard
8000/-

all inclusive fees

Accasys’s standard fee structure for Proprietorship registration will be same as Basic plan but will have Service tax registration as value addition and this fee is Inclusive of government fee and service tax

Premium
14000/-

all inclusive fees

Accasys’s premium package is same as stanadard plan but includes Trademark registration which is inclusive of government fee and service tax.

How we help with proprietorship registration

ACCASYS.com can help you register a one person company in 10 to 15 days, subject to government and client processing time

Know your business

We will first understand your business by collecting information from you and help decide which registration will best suit your business requirements as it depends on

  • the Nature of the business,
  • Annual sales & services turnover you are expected to achieve,
  • What your primary Business objectives are and etc?

Udyog Aadhar registration

If you opt for Udyog Aadhar registration then our process time for getting Udyog Aadhar Memorandum will be 2 working Days.

Registration Certificate

Physical copy or complementary framed Udyog Aadhar Memorandum registration certificate will be completed within 3 Business days.

Steps and processing time frame for completion of Business registration.

Sole proprietorship Partnership Limited Liability Partnership (LLP) OPC Private Ltd
DSC & DIN
N/A
N/A 5 to 7 days 2 to 4 working days 5 to 7 days
Name Approval N/A Any name but not infringe on a registered trademark. 5 to 7 working days 2 to 4 working days 5 to 7 days working days
REGISTRATION TAN & MSME under Udyog Aadhaar.
3 to 5 days
Not compulsory but to avail legal benefits
5 - 7 days*
10 to 12 days* 5 to 7 days* 5 to 7 days*
Total time taken 3 to 5 days 7 to 14 days 15 to 20 days 10 to 15 days 14 to 20 days

Compare Your Options

Sole proprietorship Partnership Limited Liability Partnership (LLP) OPC Private Ltd
Small traders and manufacturers Home businesses Professional services firms Sole promoters Start-ups and growing companies
Impossible Almost impossible Possible, but unlikely Possible, but severely unlikely Very easy to accommodate
No No Yes Yes Yes
Minimal Minimal Most efficient Few benefits Few benefits
No No Yes Yes Yes
Minimal Minimal Low High High
Documents Required

Documents Required

Identity and Address Proof of Directors & shareholders
1. Pan is Mandatory &  Passport Size photographs (4 each)
2. ID proof - Any one of Aadhar Card/Drivers License/Passport/Voter’s ID
3. Address Proof - Bank statement/ Utility Bills (EB)- less than 2 months old
4. Proof for Registered Office
  • Rented Premises - Copy of Rental agreement, EB & NOC from Landlord
  • Own Premises - Copy of Sale deed and EB AND Property Tax Receipts
5. Other Additional Information
  • Nature of business in few words (we will guide)
  • Bank account number - Savings or Current Account
  • Educational Qualification if any
  • Capital

Our Qualified Accounting Team will guide you through from the start till the Registration process is successfully completed. We will keep you updated at every stage to avoid any discrepancies and ensure the process is smooth and all the relevant documents are submitted. For free consultation please call our experienced business advisors, should you have any queries about the process.

Get a free consultation for proprietorship registration or have any queries about the process, please schedule an appointment with an ACCASYS Advisor.