How to Set Up a Sole Proprietorship:
We don’t required to register a proprietorship officially like a company, but to make it legal and recognized, you must require to take
few important registrations.
Main Registrations You May Need:
GST Registration – If your yearly sales go above ₹20 lakhs or you sell goods/services across states.
Udyam (MSME) Registration – Free and useful for small businesses . Helps you get government benefits. There is no limit for registration
Shop & Establishment License – Needed in some states, especially if you’re opening a shop or office.
FSSAI License – For food-related businesses require to take FSSAI Registration or Licence asper conditions
IEC Code – If you are doing import/export.
Trademark – If you want to protect your business name or logo.
Documents Needed: Personal:
- PAN Card
- Aadhar Card
- Passport-size photo
- Email and mobile number
👉 Business Address Proof:
- Electricity bill
- Rent agreement with NOC (if rented)
- Property papers (if owned)
👉 For Bank Account:
Business proof (like GST or Udyam registration)
Letterhead with firm name
Rubber stamp