Why Choose Jain Prachi & Company?
Seamless Online Registration
– Quick & 100% digital process for hassle-free setup.
Affordable & Transparent Pricing
– No hidden fees, clear fee structure.
Expert Guidance & Ongoing Compliance Support
– From registration to tax filing and accounting
Get Started!
Sole Proprietorship Registration Services in India
Why Register a Sole Proprietorship in India?
✔ Simplicity & Flexibility – Easy to set up with minimal formalities and low compliance burden.
✔ Complete Control – Full ownership and decision-making power.
✔ Cost-Effective Business Structure – Ideal for small businesses and startups.
✔ Direct Taxation – Income taxed directly at individual rates without corporate tax complications.
✔ Quick & Efficient Setup – Minimal paperwork ensures you start your business quickly.
Great service and very helpful. Received advice on taxation and it proved very helpful. Would recommend it for everyone.
runda Makwana
I have been using JAIN PRACHI & COMPANY Accounting Services from last 6 years, and I am consistently impressed with their professionalism and proactive approach so far.
Ankit Neema
Highly professional and responsive with excellent expertise in taxation in Indore!
Shreyansh Bokadiya
Step-by-Step Process for Sole Proprietorship Registration
✔ Business Name Registration – Choose a unique business name; no formal registration with MCA is required.
Obtain PAN & Aadhaar – Ensure you have valid PAN and Aadhaar as primary identification.
✔ Open a Current Bank Account – Open a bank account in your business name.
✔ Register for GST (if applicable) – Mandatory if turnover exceeds prescribed limits (₹40 lakh for goods, ₹20 lakh for services).
Obtain Necessary Local Licenses – Depending on your business, secure trade licenses or municipal permits.
✔ Maintain Financial Records – Start bookkeeping to manage income, expenses, and tax filings.
Difference Between Sole Proprietorship and Other Business Structures
| Criteria | Sole Proprietorship | Partnership Firm | Private Limited Company |
|---|---|---|---|
| Legal Identity | Not a separate legal entity | Not a separate legal entity | Separate legal entity |
| Liability | Unlimited liability | Unlimited liability | Limited liability |
| Ownership | Single owner | Shared among partners | Multiple shareholders with defined limits |
| Compliance Requirements | Minimal | Moderate | High |
| Funding & Credibility | Low – Difficult to raise funds | Medium – Depends on partners’ reputation | High – Preferred by banks & investors |
| Taxation | Taxed as individual income | Taxed as firm income | Corporate tax rates |
How Jain Prachi & Company Helps?
✔ Expert Consultation – Guidance on choosing the best business structure for your needs.
✔ Simplified Registration Process – Assistance with all required documentation and registrations.
✔ GST & Tax Registration Support – Ensuring compliance with applicable tax laws and filing requirements.
✔ Ongoing Advisory & Accounting Services – Support for financial management and annual filings.
Documents Required for Sole Proprietorship Registration
| Document | Requirement |
|---|---|
| PAN Card | Mandatory for identity and tax purposes. |
| Aadhaar Card | Required for identity verification. |
| Proof of Business Address | Utility bill, rental agreement, or property deed. |
| Bank Account Details | Current bank account statement for business transactions. |
| Business Licenses (if any) | Trade license, FSSAI certificate, or municipal permit, as applicable. |
Timeline & Pricing
✔ Setup Time: 3-5 days
✔ Starting at: ₹2,499
Frequently Asked Questions
Phone
+91-8989666715
Location
304, Trade House, 14/3, South Tukoganj, Indore (M.P.) -452001
contactus@jainprachi.com
