Register a Sole
Proprietorship in

3 simple steps, you get

Register your Proprietorship today!


    Sole Proprietorship registration in India is ideal for single-owner businesses. Owners of sole proprietorships manage profits and handle income tax obligations either under their own names or a chosen trade name. Sole Proprietorship registration is frequently chosen by small businesses and individual entrepreneurs.

    In case of Sole Proprietorship, the business is owned and governed by one person only. The registration process in this type of business can be completed within seven days. It is one of the oldest and most popular type of business to begin with. There is no limited liability protection for the proprietor concerning the business activities. As a result, this business entity is particularly well-suited for small businesses. Although, the registration is not required for the sole proprietorship as it is identified through GST registration.

    Bright Accounts can support you in registering a Proprietorship Firm, a straightforward and efficient business structure perfectly suited for solo entrepreneurs with a streamlined process designed to simplify the setup. Start your Sole Proprietorship with Bright Accounts and unleash the full potential of your business idea. 

    We guarantee 7 days Registration of your Sole Proprietorship.

    Documents Checklist

    Bright Accounts has compiled a detailed list of  documents that are required to register a Sole Proprietorship. Speak to our experts for any queries.

    Identity Proof

    Address Proof

    Proof of Registered Office

    Other Documents


    Registration Process

    in 3 Simple Steps

    At Bright Accounts, we have simplified the entire registration process of a Sole Proprietorship into 3 simple steps. This makes your journey smooth, structured and easy.

    Following the successful verification of documents, Bright Accounts ensures a seamless process for the issuance of Certificate of Registration from the Ministry of Corporate Affairs (MCA). The COI includes essential details such as the Company Identification Number, PAN and TAN.


    What's Good

    about a Sole Proprietorship


    As a sole trader, you can abstain from the costs linked to more complex business structures. This often translates to lower accounting and legal expenses. By minimizing these initial costs, you gain a financial advantage and can allocate your resources more efficiently in the early stages of your business journey.

    Simplified Taxation

    Sole proprietorship firms are taxed as individual taxpayers since profits from the business go directly to you.This means that the owner can deduct allowed business expenses and losses from their personal income tax return. This practice is called “pass-through” taxing. This special tax status eliminates double taxation, i.e., your proprietorship income isn’t taxes again as corporate income.

    Minimal Compliance

    Since most proprietorships are registered only with government departments like Income Tax & GST, the compliance burden tends to be lower. In contrast, entities like LLP or Company, which are registered with the Ministry of Corporate Affairs, have to file various statutory returns and undergo annual audits conducted by a Chartered Accountant, increasing their compliance obligations.They are exempt from maintaining formal records or conducting annual meetings, contributing to their simplicity as a business structure.

    Easy Setup

    Setting up and operating a sole proprietorship firm is a straightforward and simple process. This business structure is known for its simplicity,making it a preferred choice among small business owners.

    Be in Control of the business

    In a sole proprietorship, the business is solely owned by the proprietor. This ownership structure grants the proprietor complete control over assets, revenue, expenses, and all aspects of business operations. This autonomy allows them the freedom to make decisions without any interference from external parties.


    Financial and operational information remains private, as sole proprietors are not required to disclose business details publicly. Per

    What do you get

    when you register with our help

    Ready to Register your Company?

    When you register your business with the help of Bright Accounts, you not only get the items mentioned on the side, you also get a friend who advices, guides and helps you grow into a great business. 


    What our clients say

    Very structured service which did not delay the entire process as we were looking to open our company as soon as passible. Thank you for hassle free service.
    From what we read online, it seemed like a long and lengthy process. But these guys made it look effortless. Worth it!
    We had a smooth process. Thanks a lot Bright Accounts! We want to continue our association for other areas as well, hope you support in the same manner.
    Bright Accounts helped us with all our doubts right from the beginning and incorporated our private limited company.

    Why Bright Accounts

    There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

    Bright & Knowledgeable

    Bright Accounts delivers high quality financial services by a team of bright and knowledgeable experts.

    Always happy to help

    Bright Accounts commit to provide dedicated support and assistance to our clients.

    Professional & Approachable

    We maintain a high level of professionalism while being easily approachable for our clients.

    Easy & Quick

    We focus on streamlining and simplifying the complex processes for our clients.

    Checklist for Registration

    This checklist includes everything that you would need to open a Sole Proprietorship These are mandatory requirements.

    Confused between Sole Proprietorship or OPC? Speak with an expert.

      Frequently Asked Questions

      A sole proprietorship is owned and managed by a single individual. It does not require a partnership or multiple owners.

      You can verify tAny Indian citizen with a current account in the name of his/her business can start a sole proprietorship. Registration may or may not be required, depending on the type of business that is planned to be established. However, to open a current account, banks typically require a Shops & Establishments Registration.he registration status of your company through the MCA website. To do this, visit the MCA website, then navigate to the “MCA Services” section and choose “View Company/LLP Master Data” from the provided options. Type your company’s Corporate Identification Number (CIN) and click “Submit.” Your company status will be displayed.

      Most local businesses are run as sole proprietorships, from grocery stores to fast-food vendors, and even small traders and manufacturers. That is not to say that larger businesses cannot operate as sole proprietorships, they can! Jewellery shops are sole proprietors, but it is not recommended.

      The procedure involved is a little tedious, but it is possible. It is very common for sole proprietors to convert into partnerships or private limited companies at a later stage of their businesses.

      Yes, there are certain compliances for a sole proprietorship, such as filing income tax returns, maintaining accounting records, and fulfilling any industry-specific regulatory requirements. However, the compliance burden is generally lower for sole proprietorships compared to larger entities.

      Transferring a sole proprietorship involves selling the business and its assets to another individual or entity. The process typically includes legal documentation, informing concerned authorities, and complying with tax regulations. Consulting a legal professional is advisable when transferring a sole proprietorship.

      There is no specific minimum requirement to start a sole proprietorship. You can begin a sole proprietorship with minimal capital, and the requirements often depend on the nature of your business.

      A sole proprietorship exists as long as the proprietor continues to operate the business. It can be discontinued at any time by the proprietor’s choice, retirement, or in the event of the proprietor’s demise.

      The licenses required for proprietorship registration can vary based on the type of business and its location. Common licenses may include a Shop and Establishment License, GST registration (if applicable), and any industry-specific permits or licenses.

      Yes, you can obtain a PAN (Permanent Account Number) card for your sole proprietorship business. It’s advisable to separate your personal and business finances, and a PAN card for your business helps in this regard.

      Bought Together

      There are many reasons why clients choose Bright Accounts, but from our experience we have listed the four main reason why you should go with us.

      Let's optimize your income tax

      Unlock the full potential of your finances with Bright Accounts' Income Tax Services. Our experts ensure maximum returns while minimizing liabilities.

      Obtain your business license today

      Ensure compliance with local regulations and establish your business's legal presence effortlessly. Let us handle the paperwork.

      Simplify GST Annual Returns Filing process

      Let Indirect Tax experts from Bright Accounts file your annual Goods and Service Tax Returns in a timely and convenient manner.