The following documents are required to register a sole Proprietorship:

Aadhar Card

Aadhar card number is now a requirement for applying for any registration in India and also income tax return can only be filed if the individual has linked his PAN card with Aadhar number. Contact nearest Aadhar Seva Kendra if you haven’t got an Aadhar number yet, after applying for Aadhar card, a hard copy of the same is expected at the registered address in around 15-20 working days.

PAN Card

It can be applied online and it costs Rs. 110, more or less. Before you apply, you need a scanned photograph, address proof, and identity proof. The application can be submitted online by verifying it through Aadhar e-KYC.

Once the application is submitted, it is checked at NSDL for verification, and if NSDL finds the information right, it allots the PAN number within 7-8 days. Further, a hard copy of PAN card is expected at the registered address within 15-20 working days.

Bank Account

Once you receive your Aadhar card and PAN card, you can visit any bank for opening an account with them. Apart from these documents, you need to carry address proof and identity proof. For opening a current account, you have need to submit GST registration document to the bank officials too.

Registered office proof

• If it is a rented asset: NOC from a landlord and Rent agreement.
• If it is a Self-owned asset: Address proof or electricity bill.

Although sole proprietor doesn’t need any accurate registrations, he is advised to attain a few registrations to make his business function efficiently.

Register as SME

Under the MSME Act, you can get yourself registered as Small and Medium Enterprise (SME. The application can be filed online. Even though it is not necessary to register as SME, it is very valuable, especially at the time of taking finance for the company. The Government runs a variety of schemes for SMEs where loans are provided at the concessional rate of interest.

Shop and Establishment Act License

This license is not compulsory at all places, but it is mandatory to be obtained according to the local laws. It is issued by the municipal party and on the basis of the number of staff.

Companies are governed by the Companies Registry Act of 1860. They must be registered in the respective State Companies Registry to be eligible for tax exemption.

GST Registration

You can register GST yourself if your annual turnover is more than Rs. 20 lakhs. Also, if you are doing online business through e-commerce you are required to get a GST number. Documents are required for registering under GST are as follows:–

• Aadhar Card, Photo and PAN card of the proprietor
• Evidence of business place (Electricity bill)
• Bank statement (first page of bank account number, IFSC code and address)

GST registration is a easy process and it can be done via GST portal. It is received within 3-4 days after submitting the application.

Three compliances are required:

• You should file Income Tax Return annually.
• You need to file your GST Return in case you are registered under GST.
• You should also deduct TDS and file TDS return if accountable for Tax Audit.

We provide the best services in India without any hidden charges, and also we deliver our service on time. We offer services to startups, companies like Private Limited, Public Limited, One Person, Sole Proprietorship etc. VolksPhantom is only company which connects you directly with the chartered accountant and we are here to help  you and for any query contact us on 9555686868.

Volks Phantom offering Sole Proprietor Registration service and other startup registration services like Nidhi Company Registration, Import Export Code | IEC Certification, Digital Signature Certificate, Public Limited Company Registration, Director KYC Verification, FCRA Registration, One Person Company Registration, Section 8 Company Compliances, Commencement of Business Certificate, One Person Company Compliances, Company Registration, Trust Registration, Nidhi Company Compliances, LLP Registration, MSME Udyog Aadhaar Registration, Close or Winding Up Of a Company, GST Registration, Food License (FSSAI) Registration, Trademark Registration, Producer Company Registration, LLP Annual Compliance Service, Income Tax Return Filing, Private Limited Compliance, Society Registration, Partnership Firm Registration, NGO Registration, Public Limited Company Compliances, Chartered Accountant Consultation, Startup India Registration, Producer Company Compliances, Private Limited Company Registration, 12A 80G Registration, Copyright Registration, GST Return Filing, Change Company Name, NGO Compliances, Change, Add or Remove Company Director, Sole Proprietor Registration, Section 8 Foundation Registration, Change Company Address or Registered Office, DIN Activation, ISO Certification, GST Surrender, etc for fresh startups and entrepreneurs. We offer the cheapest and fastest professional services in all states like Jammu and Kashmir, Goa, Meghalaya, Puducherry, Bihar, Sikkim, Maharashtra, Dadra and Nagar Haveli, Manipur, Andhrapradesh, Arunachal Pradesh, Karnataka, Odisha, Uttarakhand, Daman and Diu, Punjab, Uttar Pradesh, Andhra Pradesh, Tamil Nadu, Himachal Pradesh, Delhi, Chhattisgarh, Nagaland, Telangana, Gujarat, West Bengal, Rajasthan, Haryana, Assam, Mizoram, Kerala, Tripura, Jharkhand, Madhya Pradesh, Andaman and Nicobar Islands, etc. Our charges for Sole Proprietor Registration in India is among the cheapest and most affordable. We deliver what we promise always.