Sole Proprietorship Pro Plan

What is a Sole Proprietorship?

A sole proprietorship is one of the most straightforward and widely chosen business structures in India—perfect for individual entrepreneurs, freelancers, and small businesses. It enables a single person to run the business independently, with minimal regulatory burden and cost.

In this model, the business and the owner are legally the same, meaning the proprietor receives all the profits and assumes complete responsibility for any debts or liabilities. While it offers full control, it’s best suited for low-risk ventures due to the unlimited liability.

Why Register a Sole Proprietorship?

Although a sole proprietorship doesn’t require registration under the Companies Act, certain licenses and registrations are essential for legal compliance and smooth operations, such as:

• GST Registration – mandatory if your turnover exceeds the threshold.
• Shop & Establishment License – required in most states for physical stores or offices.
• Udyam (MSME) Registration – to avail benefits for small businesses.
• PAN, TAN & Bank Account – essential for taxation and financial transactions.

How INCORPIQ Helps

Incorpiq offers complete assistance from documentation to registration, ensuring your sole proprietorship is set up efficiently and compliantly. Whether you’re launching a local venture or starting as a freelancer, our expert-led process ensures a smooth, legally valid setup across India.