Sole Proprietorship Incorporation
Plan
Process
Documents and Information Required
Plan
Who should consider this plan
- Manufacture or create physical goods (factories, clothing brands).
- Sell things: Buy and sell goods as a middle person (wholesalers, retailers, online marketplaces).
- Do things: Provide intangible services (consultants, accountants, hairdressers, online subscriptions).
Process
- Choose a name for the firm
- Apply for a PAN card in the name of Sole Proprietorship
- Apply for business registration certificate
- Obtain other registrations such as GST, MSME and others
- Open a current account in the name of Sole proprietorship
Documents and Information Required
- Pan Card
- Aadhar Card
- Photograph
- KYC Documents
- Rental agreement
- Sale deed or utility bill of the owned property
- Architectural blueprints of the business