![\"Sole](\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2020\/08\/image-63.png\")
<\/figure><\/div>\n\n\n\nProcedure for Sole Proprietorship registration<\/h2>\n\n\n\n
Since the Sole Proprietorship firm is not treated as a legal entity, it not necessary to avail of governmental registration for the same. However, there are some documents that a person needs to procure at this disposal before establishing a Sole Proprietorship firm.<\/p>\n\n\n\n
Read our article<\/b>:Here\u2019s how you can Register Sole Proprietorship Business in India<\/a><\/mark><\/p>\n\n\n\n PAN card is mandatory for filing the ITR. If you haven\u2019t secured your PAN number yet, make sure to head over to the NSDL online portal and applied for the same. As a part of the standard registration protocol, you need to fill up an applicant upon reaching the portal. The authority will then scrutinize your application on the predetermined grounds and generate the PAN number within a week. <\/p>\n\n\n\n \n\nThe whole process will cost you around 110 bucks that you need to submit as a registration fee at the time of submission of the application. Also, keep in mind that you have to furnish your identity during online registration and address proof along with the photographs. After completing all the required investigation, the authority will send the PAN card to the applicant\u2019s registered address. \n\n<\/p>\n\n\n\n Although Sole Proprietorship doesn\u2019t seek any governmental registration, the applicant needs to procure some mandatory registrations to execute their business activities such as Aadhar Card, SME registration, Shop & Establishment Act License<\/strong><\/a>, and GST Registration. <\/p>\n\n\n\n Aadhar number is a\nmust-have requirement for all business registration. The applicant seeking the\nestablishment of Sole Proprietorship Business also needs to link their PAN number\nwith Aaddhar for filing the annual taxes. Keep in mind that without Aaadhar,\nyou won\u2019t be able to set up any business form in India. <\/p>\n\n\n\n Feel free to\nnavigate to AadharSeva Kendra or E-Mitra to get the possession of your personal\nidentification number. The E-Mitra, in particular, is a government-driven\nonline portal that will allow you to avail PAN number more conveniently. As\nsoon as you complete the application formalities, your Aadhaar card will be\ngenerated within two to three weeks. <\/p>\n\n\n\n Once you successfully obtain Aadhar number and PAN, you will become eligible to open an account in any bank. Apart from these mandatory documents, you also need to submit the GST registration<\/strong><\/a> document for the same. <\/p>\n\n\n\n If you are\nplanning to execute your business activities on a rented property, then you\nmust secure NOC from the landlord. On the contrary, you need to provide utility\nbills in case if the place of business is belong to you. Apart from that, there\nare some supplementary documents as well that applicants need to render for the\nestablishment of their business. <\/p>\n\n\n\n Though it\u2019s not mandatory for the sole proprietorship business to avail Small and Medium Enterprise (SME) registration, it could significantly impact the business\u2019s existence and growth. With such registration at disposal, the business entities can avail of numerous benefits such as securing government tender, getting ISO certificate<\/strong><\/a>, and exemptions under Direct taxes. <\/p>\n\n\n\n Shop and Establishment Act License<\/strong><\/a> is compulsory for small-scale enterprise and proprietorship business. The Municipal Corporation<\/em><\/strong>[1]<\/em><\/strong><\/a><\/sup> is the authority that allocates this license to the business owners. The issuance of the Shop and Establishment Act License is done on the basis of number of employees and the nature of business. <\/p>\n\n\n\n GST registration\nisn\u2019t compulsory for the business owners that earn below the minimum threshold\nlimit i.eRs. 20 lakhs. It\u2019s essential to note down that GST is an indirect form\nof taxation applicable to all business entities, including e-Commerce\noperators. You will be required to arrange the following documentation to avail\nof GSTIN from the concerned authority. <\/p>\n\n\n\n Obtaining GSTIN\nisn\u2019t a complicated task at all, as it can be availed by merely submitting a\nsimple application on the GST portal. Upon receiving the application, the\nauthority would conduct a comprehensive investigation of the given credentials\nand then finally furnish the GST number to the applicant. The whole process\nwould take around 3-4days before its reach to the completion. After availing of\nthe GST number, the applicant can start their business activities. <\/p>\n\n\n\n Nearly all business entities in India are under the enormous pressure of maintaining harmony with the given compliance. These firms are highly vulnerable to hefty penalties as the margin of error for them is very low. In case if you are not willing to face legal constraints after establishing the business, make sure to adopt the Sole Proprietorship business model. Since this business model doesn\u2019t revolve around the complexities, it would give you better control of other variables that hamper the business\u2019s efficacy in one way or another. We hope that everything has been clear to this point regarding procedure for Sole Proprietorship registration. If you need some additional guidance on this matter, connect with our CorpBiz\u2019s<\/strong><\/a> expert today. <\/p>\n\n\n\nDocuments required to establish\nSole Proprietorship Business in India<\/h2>\n\n\n\n
PAN Card<\/h3>\n\n\n\n
Aadhar Card<\/h3>\n\n\n\n
Bank Account<\/h3>\n\n\n\n
Registered office proof<\/h3>\n\n\n\n
Registering as SME<\/h3>\n\n\n\n
Shop and Establishment Act\nLicense<\/h3>\n\n\n\n
GST Registration<\/h3>\n\n\n\n
Conclusion<\/h2>\n\n\n\n