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Documents Required for Proprietorship Firm Registration


What is a Sole Proprietorship?
A Sole proprietorship firm is a business which is owned, managed and controlled by a single person. It is one of the most common forms of business in India, utilized by small businesses operating in the unorganized sectors. Proprietorship firms are very easy to start and have a minimum regulatory compliance requirement to establish. Due to no difference identity of the sole proprietorship and owner, there is not a very formal or extensive procedure for its registration. Here in this article, we will understand the documents required for Proprietorship firm Registration and how to register proprietorship firm.
Documents required for Proprietorship registration
  • A copy of the PAN card of the proprietor 
The business and the Proprietorship firm are seen as the same. Thus, the proprietor can use their PAN card for opening bank accounts, obtaining licenses/ registrations/ certificates in the name of the sole proprietorship and filing an income tax return for the sole proprietorship.

  • A copy of Aadhaar card/election I-card:- Id proof of the proprietor is mandatory.
  • Address of office
·         Rented Property:  a) Rent agreement and NOC from a landlord.                                                                  
·         Self-owned Property: Electricity bill or any other address proof.

  • Nature of business
  • Service-based business:- Business providing services to consumers online or offline. Such businesses need the following two documents to open a current account:-
  • Service tax certification.
  • Chartered Accountant Certification regarding the nature of business. (Required by some private banks)
  • Product manufacturing/ Sales business:- Businesses selling products to consumers online or offline. Businesses selling VAT applicable products fall in this category. They need the following documents:
  • Shop and Establishment License.
  • VAT/ Sales Tax/ TIN registration.
  • Bank Proof
·         Canceled cheque.
·         Bank statement, not more than three months old.

Proprietorship registration can be done easily by visiting Online Sole proprietorship registration website. Along with that, you can manage your accounts and banking related in queries with the help of EZOTO Software - By Downloading this Billing Software you would be able to manage invoice, accounting, credit, inventory, customers, etc and fulfill all your accounting needs.

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