Is a single registration required for a proprietorship?

There is no one “proprietorship registration”. You establish it through the registrations you need — commonly Udyam (MSME), GST, or a Shop & Establishment licence.

What is the liability of a sole proprietor?

Liability is unlimited — your personal assets are exposed to business debts. Consider an OPC or LLP if you want limited liability.

How is a proprietorship taxed?

Business income is taxed as part of the proprietor’s personal income-tax return at individual slab rates. There is no separate corporate return.

When should I upgrade to a company or LLP?

When you seek funding, add partners, want limited liability, or need stronger credibility. We handle the conversion when you’re ready.

Sole Proprietorship

Easiest way to start solo

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A sole proprietorship is the fastest, cheapest way to start a business on your own. There’s no separate legal entity — you and the business are the same — so it’s ideal for freelancers, consultants and small traders. You establish it through the registrations your business actually needs (GST, MSME/Udyam, or Shop & Establishment).

Why Choose Legit Filings for Sole Proprietorship?

Expert CA/CS professionals

Transparent pricing, no hidden costs

Fast turnaround time

Dedicated relationship manager

End-to-end documentation support

100% online process

What You Get

Applicable registrations set up (GST / MSME-Udyam / Shop & Establishment)

Guidance on which registrations your business needs

Current bank account opening assistance

Documents Required

PAN and Aadhaar of the proprietor
Passport-size photograph
Business address proof — utility bill + rent agreement / NOC
Bank details for the current account

How It Works

Assess Requirements

We identify which registrations your business needs to operate legally.

File Registrations

We apply for MSME/Udyam, GST or Shop & Establishment as applicable.

Open Current Account

We help you open a business current account with the registration proof.

Start Operating

You’re ready to invoice and run your business.

Frequently Asked Questions

Get Expert Assistance

Talk to an expert about Sole Proprietorship

Starting from

₹1,999

Quick Overview

Timeline

3–5 working days

Support

Dedicated expert assigned

No hidden charges. Transparent pricing.

“As a freelance designer I just needed to be legit for invoicing. They sorted my GST and Udyam in a few days and explained what I actually needed.”

Meera Joseph

Freelance designer · Kochi