What is Sole Proprietorship?

Sole proprietorship is one of the oldest and easiest business structures in India. It is owned and managed by a single person, called the proprietor. The business and proprietor are legally the same entity, which makes it simple to start and operate with minimal compliance.

Sole proprietorships are ideal for very small businesses (less than 5 employees) and do not offer limited liability protection. Hiva Professionals helps you register your proprietorship firm online with expert support and a hassle-free process.

How to Register Sole Proprietorship in India

There is no dedicated government registration process for proprietorships. Recognition is obtained through necessary tax registrations, mainly GST Registration under the proprietor’s name. Hiva Professionals guides you through the complete process seamlessly.

Essential Licenses & Registrations

• PAN & Aadhaar Card
• Udyam MSME Registration
• GST Registration (if applicable)
• Bank Current Account
• Shops & Establishment License (as per state rules)

Advantages of Sole Proprietorship

• Easy to Start
• Lower Compliance Requirements
• Simplified Operations
• Quick Decision Making
• Complete Ownership & Control

Disadvantages of Sole Proprietorship

• Limited Fundraising Options
• Personal Liability Risk
• No Business Continuity on Death or Disability
• Restricted Business Growth
• Unincorporated Status

Register with Hiva Professionals

We assist in getting your PAN, Aadhaar-based GST Registration, Udyam MSME Registration, Bank Account, and more — all within 15 days!

1. Login to our portal
2. Select "Proprietorship Registration" under Services
3. Upload PAN & Aadhaar
4. Our experts file for GST and assist with bank setup
5. Access our accounting & compliance software

Documentation Required

• PAN & Aadhaar
• Passport-size Photo
• Bank Details (Cancelled Cheque)
• Rent Agreement (if applicable)
• Utility Bill / Address Proof

Timelines & Activities

Hiva Professionals completes registration processes within 15 days depending on the government’s and banks’ timelines. A sole proprietorship can undertake any legal business activity, except those requiring a corporate setup such as banking or telecom.

Ongoing Compliances

• Income Tax Filing (ITR-3 or ITR-4)
• GST Return Filing (if registered)
• TDS Filing (if applicable)

Additional compliance may apply based on business activity and location.