Proprietorship
The simplest way to start a business — set up with the registrations your bank and customers will ask for
- 1PlanRegistrations needed for your activity and state.
- 2RegisterUdyam, GST and local registrations filed.
- 3BankDocuments ready for the current account.
- 4Tax set-upBooks or presumptive scheme decided.
Share your details. We’ll reply on WhatsApp with the next steps and a checklist.
Pick a plan — the fee is adjusted if you hire us within 30 days.
About Proprietorship
A clear overview, in simple terms — what it is, why it matters, and how we handle it.
A sole proprietorship isn't a separate legal entity, so there's no single registration to 'create' it. It is established through registrations in the owner's name — Udyam (MSME), GST, Shops & Establishment or a trade licence — which banks accept as proof when opening a current account. The owner pays tax at individual slab rates and is personally liable for the business's debts.
Most small businesses in India start as proprietorships: a shop, a consultancy, a freelancer, a home-based business. There's no minimum capital and no annual MCA filing, and the owner keeps full control.
Because the law doesn't recognise the business separately, everything rests on registrations. Banks generally ask for two documents in the business name to open a current account, and customers may ask for a GSTIN or Udyam certificate before paying invoices.
We work out which registrations you actually need, get them done in the right order, and set you up for tax — often under presumptive taxation, which lets small businesses declare a fixed percentage of turnover as profit without detailed books.
| Legal status | Not separate from the owner; unlimited personal liability |
|---|---|
| Common registrations | Udyam, GST, Shops & Establishment, trade licence |
| Bank account | Usually two registrations in the business name |
| Tax | Owner's individual slab rates (ITR-3, or ITR-4 under presumptive taxation) |
| Presumptive tax | 6% of digital turnover / 8% of cash turnover for eligible businesses (Section 44AD) |
Who this is for
Common scenarios where this service is a good fit.
- Shops, traders and small service businesses
- Freelancers and consultants starting out
- Home-based and online businesses
- Anyone testing a business idea before forming a company
What you get
Clear deliverables so you know exactly what's included.
- Check of the registrations your business needs
- Udyam registration
- GST registration, if needed
- Shops & Establishment guidance for your state
- Current account opening support
- Tax set-up: presumptive or regular books
Expert review before every submission — not just data entry.
Working notes and reconciliations you can rely on in future notices.
Resident Indians, NRIs, expats and cross-border businesses — all served.
Documents required
A practical checklist. We'll tell you if anything else is needed based on your case.
* This is a base checklist. After a quick pre-check, we may ask for additional items specific to your case.
Process
A simple, trackable workflow — designed to avoid back-and-forth.
Registrations needed for your activity and state.
Udyam, GST and local registrations filed.
Documents ready for the current account.
Books or presumptive scheme decided.
Get a quote
We share a clear quote on WhatsApp after a quick checklist pre-check.
- ₹1,999 for the core set-up (Udyam plus guidance); GST registration quoted together if needed.
- State fees for Shops & Establishment or trade licence are listed separately.
| Factor | DIY | Indus Tax |
|---|---|---|
| Expert review | ❌ | ✅ |
| Notice risk reduction | ❌ | ✅ |
| Deduction optimisation | ❌ | ✅ |
| Audit-ready records | ❌ | ✅ |
| AIS/26AS reconciliation | ❌ | ✅ |
Share your facts and deadline. We'll reply with the right checklist and a clear quote.
Fee adjusted against our service fee if you go ahead within 30 days.
- Priority CA Call-backSkip the queue — a CA calls you within 30 minutes.₹255
- RecommendedCA Consultation (30 min)Talk one matter through properly with a CA.₹755
- In-depth CA Review (60 min)Documents reviewed before the call, written action plan after.₹1,155
Call-backs run Mon–Sat, 9 AM–6 PM IST. Booked outside these hours? We call you first thing the next working morning.
Compare the 3 plansFrequently asked questions
Answers to the most common questions we get.
This page also covers
- Shops & Establishment registration
- State-wise registration for shops and offices.
- Current account documents
- The proofs banks accept for a proprietorship.
Official sources
Indus Tax is a private professional services firm and is not affiliated with any government authority. Rules and fees change — we confirm current positions before filing.
