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Start a Proprietorship Business
A proprietorship is the simplest way to start — but there is no single 'proprietorship registration'. Your business identity comes from a combination of registrations that also let you open a current account. We help you pick and file the right ones.
Registrations commonly used
- GST registration — if your turnover crosses the threshold or your business needs it
- Udyam (MSME) registration
- Shop & Establishment (Gumasta) registration or intimation
- Professional tax enrolment, where applicable
Documents we need
- PAN and Aadhaar of the proprietor
- Photograph, email and mobile number
- Business address proof: recent utility bill plus rent agreement or NOC
- Bank details
Things to know
- The proprietor and the business are the same legal person — liability is unlimited
- Income is taxed in the proprietor's personal income tax return
- As the business grows, you can move to an LLP or company
Frequently asked questions
Do I need GST registration as a proprietor?
It depends on your turnover, whether you sell inter-state, and how you sell (for example, through e-commerce). We'll check this with you first.
Can I convert my proprietorship into a company later?
Yes. Many businesses start as proprietorships and later move to an LLP or private limited company.