Proprietorship Registration
In Tamil Nadu

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Easy to Start

Easy to Start.

Names like Sears, ebay have started as sole proprietorship. A Proprietorship business needs no registration. Therefore, it is one of the easiest to start with no formalities. Udyog Aadhar registration and Trademark registration can protect the identity of the business. Choose your name not infringe any registered trademark. We can help you to search domain name

Easy to Start

Bank Account and Payment gateway.

You can have bank account in name of your firm. As KYC is compulsory, it is important to have proof of your firm where there are two identification document required. Best option is get your GST registration which is required and for address proof get NOC of landlord or elctric bill in case of self own Other than that Sole proprietor's KYC as usual will be required.

Easy to Start

Taxation.

You are not taxed as a different legal entity. Your business income is added to your individual income after deduction of expenses. Also your contribution to PF, Life & Medical Insurance, Medical expense, are examples of some further deduction allowed. File your return using ITR Form 3 or use ITR Form 4 under presumptive tax scheme where turnover is less than Rs.2Cr.

Audit NOT Required.

Your audit is required as per the Income tax Law which says if your turnover is over 1 cr except for professional, it is 50 lacs. Presumptive taxation, regardless of the annual turnover audit is not required. Do not worry it is easy to get audited at nominal cost. We will help you to maintain your accounts free. Book keeping helps your business grow

What is Proprietorship?

The sole proprietorship is the simplest business form under which one can operate a business. The sole proprietorship is not a legal entity. It simply refers to a person who owns the business and is personally responsible for its debts, Profit and Losses.

Why Choose Proprietorship?

In this type of business, there are no specific business taxes paid by the company. The owner pays taxes on income from the business as part of his or her personal income tax payments.
Sole proprietors need to comply with licensing requirements in the states in which they're doing business, as well as local regulations and zoning ordinances. The paperwork and formalities, however, are substantially less than those of corporations, allowing sole proprietors to open a business quickly and with relative ease - from a bureaucratic standpoint. It can also be less costly to start a business as a sole proprietor, which is attractive to many new business owners.

Advantages of a Sole Proprietorship

* A sole proprietor has complete control and decision-making power over the business.
* Sale or transfer can take place at the discretion of the sole proprietor.
* No corporate tax payments
* Minimal legal costs to forming a sole proprietorship
* Few formal business requirements
* Sole proprietor manages the business
* No need to file income tax return if total income is below 2,50,000/-
* No need to pay tax if income upto 7,00,000/- after deduction

Disadvantages of a Sole Proprietorship

* The sole proprietor of the business can be held personally liable for the debts and obligations of the business. Additionally, this risk extends to any liabilities incurred as a result of acts committed by employees of the company.
* All responsibilities and business decisions fall on the shoulders of the sole proprietor.
* Investors won't usually invest in sole proprietorships.

Our Packages

Highest Service Level
Register and get free software We will help setup your operation Grow Your Business faster
Watch tutorial videos to begin your journey
FREE
Set up marketing sales and accounting process
6,999+GST
Boost up your business along with Registration
9,499+GST
Tutorial Videos to register Business Is Included Tutorial Videos to register Business Is Included Tutorial Videos to register Business Is Included
Entrepreneur Success Training Is excluded Entrepreneur Success Training Is Included Entrepreneur Success Training Is Included
Accounting and Invoicing Software	 Is excluded Accounting and Invoicing Software	 Is Included Accounting and Invoicing Software	 Is Included
CRM, Website Builder Software Is excluded CRM, Website Builder Software Is Included CRM, Website Builder Software Is Included
Chatbot, Whatsapp, Email, Social Media Automation Software Is excluded Chatbot, Whatsapp, Email, Social Media Automation Software Is Included Chatbot, Whatsapp, Email, Social Media Automation Software Is Included
Professional Consultation Is excluded Professional Consultation Is Included Professional Consultation Is Included
Social Media Presence Is excluded Social Media Presence Is Included Social Media Presence Is Included
Web Presence Is excluded Web Presence Is Included Web Presence Is Included
Setting up your accounting process Is excluded Setting up your accounting process Is Included Setting up your accounting process Is Included
Accept Online Payments Is excluded Accept Online Payments Is excluded Accept Online Payments Is Included
GST Certificate Is excluded GST Certificate Is excluded GST Certificate Is Included
UDYAM/MSME Certificate Is excluded UDYAM/MSME Certificate Is excluded UDYAM/MSME Certificate Is Included

Why FoundersCart exists?

Now, more than ever, the world needs entrepreneurs. They are the ones who take risks to achieve their dreams. They have the power and courage to change lives.


But here is the biggest challenge entrepreneurs face!

It's tough to know where to start, what resources are available, and how to take the business idea from concept to reality.

The journey is full of challenges , there is a lot of competition, and the odds are stacked against survival.

Keeping entrepreneurial moral is difficult, statistics say over 80% entrepreneurs quit within the first two years.


FoundersCart was created by a team of Chartered Accountants with an Idea to help entrepreneurs overcome these challenges.
We observed over 10,000 businesses and break down the path to success into key actionable steps. We curated selection of the best tools and resources that have helped many businesses grow faster. From CRM, web design templates and branding tools, to e-commerce platforms and marketing resources, we've got everything you need to make your business successful. Plus, our community of entrepreneurs is here to support you every step of the way.

So if you have an entrepreneurial spirit, now is the time to put it to good use. The world needs your ideas, your energy, and your passion. Together, we can make a difference.

Documents Required For Proprietorship Registration

Proprietor
  • PAN card of Applicant
  • Address Proof of Applicant (Voter ID, Passport, Aadhar, Driving License)
  • Cancelled Cheque of Bank Account
  • Registered Office Address Proof Electricity Bill along with
    Rent Agreement plus NOC (if Rented)
    Ownership proof (if Owned)
  • Four photographs of Applicant
One Person Company
Private Limited
Public Limited
Partnership Firm
LLP
NGO

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Contact our experts with any additional questions.


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Please Choose From Below Packages
Register and get free software We will help setup your operation Grow Your Business faster
FREE
6,999+GST
9,499+GST
Tutorial Videos to register Business Is Included Tutorial Videos to register Business Is Included Tutorial Videos to register Business Is Included
Entrepreneur Success Training Is excluded Entrepreneur Success Training Is Included Entrepreneur Success Training Is Included
Accounting and Invoicing Software	 Is excluded Accounting and Invoicing Software	 Is Included Accounting and Invoicing Software	 Is Included
CRM, Website Builder Software Is excluded CRM, Website Builder Software Is Included CRM, Website Builder Software Is Included
Chatbot, Whatsapp, Email, Social Media Automation Software Is excluded Chatbot, Whatsapp, Email, Social Media Automation Software Is Included Chatbot, Whatsapp, Email, Social Media Automation Software Is Included
Professional Consultation Is excluded Professional Consultation Is Included Professional Consultation Is Included
Social Media Presence Is excluded Social Media Presence Is Included Social Media Presence Is Included
Web Presence Is excluded Web Presence Is Included Web Presence Is Included
Setting up your accounting process Is excluded Setting up your accounting process Is Included Setting up your accounting process Is Included
Accept Online Payments Is excluded Accept Online Payments Is excluded Accept Online Payments Is Included
GST Certificate Is excluded GST Certificate Is excluded GST Certificate Is Included
UDYAM/MSME Certificate Is excluded UDYAM/MSME Certificate Is excluded UDYAM/MSME Certificate Is Included

GST @18% : 0

Total : ₹0

all govt fee excluded

GST @18% : 1260

Total : ₹8259

all govt fee excluded

GST @18% : 1710

Total : ₹11209

all govt fee excluded

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Frequently asked questions

Only one person is required to start a Proprietorship and a Proprietorship can have only one promoter.

You need to be a Citizen and Resident of India having PAN Card and Valid Address Proof ( Voter ID, Passport , Driving License or Aadhar)

1. PAN 2. Address Proof ( Voter ID, Passport, DL or Aadhar) 3. Electricity bill + Rent agreement where you want to run your business.

There is no limit on the minimum capital for starting a Proprietorship. Therefore, a Proprietorship can be started with any amount of minimum capital.

FoundersCart has tied up with various banks. We will guide you through the process and help you open a bank account. KYC document of both the firm as well as proprietor is required

No, the Proprietorship firm and the Proprietor are one and the same. The PAN Card of the Proprietor will be the PAN Card of the Proprietorship business and There will be no separate legal identity for the business. The assets and liabilities of the Proprietorship business and the Proprietor will also be one and the same.

Proprietorship firms do not have a Certificate of Incorporation or Certificate of Registration. The identity and legitimacy of a Proprietorship firm is established by registering with the various Government authorities.

A business operated by proprietorship firm cannot be transferred to another person, Intangible assets like Government approvals, registrations, etc., cannot be transferred to another person because PAN can not be changed. Assets both tangible and intangible can be sold to another person. It is important you to keep books of accounts up to date. Founderscart give you accounting system for free, or do your accounting at a nominal cost.

Proprietorship firms are business entity that are owned, managed and controlled by one person. So Partners cannot be inducted into a Proprietorship firm.

Proprietorship firms are business entity that are owned, managed and controlled by one person. So Proprietorship firms cannot issue shares or have investors.

Proprietorship will have to file their annual tax return with the Income Tax Department. Other tax filings like GST may be necessary from time to time, based on the business activity performed. However, annual report or accounts need not be filed with the Ministry or Corporate Affairs, which is required for Limited Liability Partnerships and Companies.

It is not necessary for Proprietorships to prepare audited financial statements each year. However, a tax audit may be necessary based on turnover and other criterion.

At the basic level FC will teach you everything so that you can do it yourself paying no cost. Just in case you need more clarity, we can talk to you for a nominal charge and if you wish to focus on the business idea of yours, we can take all the responsibilities at a nominal cost and get you hassle free. FoundersCart will understand your business requirements and help you start a Proprietorship by obtaining the relevant registrations. We will help obtain the necessary registrations to help the Proprietor open a bank account in the name of the business, thereby proving an identity for the business.

Yes, there are procedures for converting your Proprietorship business into a Company or a LLP at a later date. However, the procedures to convert a proprietorship business into a Company or LLP expensive and time-consuming, PAN and all Relevant registration will be applied again and hence it is wise for many entrepreneurs to consider and start a LLP or Company instead of a Proprietorship.

Ready to take the next step? Your business is ready, too.

Proprietorship Registration in State


Proprietorship Registration in City