Sole Proprietorship Registration

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Award Winning Interior Designer​

I'm Kyle Mills, Interior Designer.

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  • PAN Card Copy & Aadhar Card Copy of Sole Proprietor
  • Address Proof of Sole Proprietor- Latest Bank Statement, Utility Bill, Passport, Aadhar, Driving License
  • Address Proof of Business – Rent Agreement if rented or Sale Deed if self-owned
  • Photograph of Sole Proprietor
  • Bank Details – Cancelled Cheque and Latest 6 months Bank Statement
  • Fssai License if food business
  • Import Export Code is Import Export Business
  • MSME Registration

A sole proprietorship in India is considered as an extension of the Proprietor, hence there are no formal procedure to register it. There is only a requirement of opening a bank account in the name of the proprietorship firm or obtaining the licenses required for conducting the business. To open a bank account for a sole proprietorship, the RBI’s KYC norms dictate that any of the two of following document must be submitted to the Bank:

  • A certificate/license issued by Municipal authorities under the Shop & Establishment Act.
  • The license issued by Registering authority like the Certificate of Practice issued by the Institute of Chartered Accountants of India, the Institute of Cost Accountants of India, Institute of Company Secretaries of India, the Indian Medical Council, Food and Drug Control Authorities.
  • The registration/licensing document issued in name of the proprietary concern by the Central Government or the State Government Authority/ Department, etc.
  • The banks may also accept the IEC (Importer Exporter Code) issued to the proprietary concern by office of the DGFT as an identity document for opening of the bank account etc.
  • Complete Income Tax return (not just the acknowledgement) in name of the sole proprietor where the firm’s income is reflected, duly authenticated and acknowledged by the Income Tax Authorities, The utility bills such as the electricity, water, and the landline telephone bills in the name of the proprietary concern.
  • GST Registration/Certificate.

Sole Proprietorship Firms do not need to register with any government agency. But there are some licenses that are required for the business

Still have doubts ? don't worry.

Product Name

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$ 39
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Monthly
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Popular

Product Name

Sub Heading
$ 39
99
Monthly
  • Primis necessitatibus
  • Vis in, quo ei habeo tollit
  • Prodesset, atissimi vel
Popular

Product Name

Sub Heading
$ 39
99
Monthly
  • Primis necessitatibus
  • Vis in, quo ei habeo tollit
  • Prodesset, atissimi vel

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