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G K B & Associates
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0120-3130570
info@gkb.associates
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Proprietorship

Proprietorship is the most widely used form of business in India and generally found prevalent in unorganized sectors. We at G K B & Associates can help you in getting the registration done at basic package price of ₹ 2,999/-

Advantages


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    Ease of formation
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    Maximum incentive for work
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    Secrecy of business
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    Quick decisions and flexibility of operations
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    Flexibility to choose names
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    Lower taxation rates– Individuals are taxed at incremental slab rates.

Process

01

Our team will check with you for nature of business you are in.

02

Suggest the type of registration required

03

Get the registration done like (GST Number, MSME Registration etc.) depending on requirement

Timeline

  • GST Number - 7-10 Business days subject to Government approval of each state
  • MSME Registration - 10-15 Business days subject to Government approval

Documents Required

  1. 1. PAN Card of the sole Proprietor.
  2. 2. ID Proof and Address Proof of the sole Proprietor such as Aadhaar Card, Driving License, or Passport.
  3. 3. Rent Agreement, No Objection Certificate, or Electricity bill of the property where the business will be registered.
  4. 4. If the property is owned, then a sale deed copy or electricity bill not older than 3 months.
  5. 5. Bank Statement copy or cancelled cheque copy.
  6. 6. Security Amount / Guarantor requirement (only in some states). In states like Delhi, there is no such requirement.

Frequently Asked Questions

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A proprietorship is the simplest form of business structure in India, owned and managed by a single individual. It does not have a separate legal entity, making it easy to set up and operate.
Proprietorship is ideal for small businesses and entrepreneurs because it has minimal compliance, lower costs, and complete control in the hands of the owner. G K B & Associates helps you decide if proprietorship suits your business goals.
To start a proprietorship, you need a PAN card, Aadhaar card, registered business name, and necessary licenses such as GST registration, Shop & Establishment Act license, or professional tax registration depending on your state and industry.
Our team provides end-to-end support including business name selection, GST registration, bank account opening, compliance guidance, and advisory for future business growth or conversion into a company/LLP.
Technically, there is no formal registration for proprietorship. However, to run your business legally, registrations such as GST, UDYAM (MSME), and local licenses are mandatory.
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