Sole Proprietorship Registration in Jaipur
A sole proprietorship is the simplest way to start a business on your own. There is no single registration for it; the business gets its identity from the registrations it takes, and the owner is taxed on its income.
Registrations a proprietorship usually needs
- Udyam registration – free, online, and widely accepted as proof of the business.
- GST registration – when turnover crosses the threshold, for inter-state supplies, for selling on e-commerce platforms, or voluntarily.
- Shop and establishment registration – under the state law, where it applies.
- Trade licences such as FSSAI for food businesses or an Import Export Code for imports and exports.
Bank account and books
Banks usually ask for two proofs of the business in the proprietor’s name, such as GST, Udyam or shop registration, to open a current account. We also set up simple books so income tax, GST and any audit are straightforward.
Tax
The proprietor files an individual income tax return that includes business income. Small businesses may opt for presumptive taxation where eligible. A tax audit applies when turnover exceeds the prescribed limits. See income tax return filing.
Frequently asked questions
Is a proprietorship a separate legal entity?
No. The business and the owner are the same person in law, and the owner’s liability is unlimited.
Can I move to a company later?
Yes. Many founders start as proprietors and later incorporate a Private Limited company or LLP and transfer the business. See conversion of entity.
Do I need GST registration from day one?
Not always. It depends on your turnover, the type of supply and where you sell. We check this for you.
This page gives general information about Agar & Co. and its services. It is not an advertisement or solicitation, and it should not be treated as professional advice. Rates, thresholds and due dates change from time to time.