Proprietorship are ideal for small businesses.
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Proprietorship

A sole proprietorship is very easy to start but not a separate legal entity, like a partnership or a corporation. There is no mechanism provided by the Government of India for the registration or incorporation of a Proprietorship. Therefore, the existence of a proprietorship is established only by tax registrations and other business registrations that a Proprietorship is required to have as per the rules and regulations. A sole proprietorship gives the least protection because the personal liability of the sole proprietor is generally unlimited. Both the business assets and the personal assets of the sole proprietor are subject to claims of the sole proprietorship's creditors.

In addition, existing liabilities of the sole proprietor will not be extinguished upon the dissolution or sale of the sole proprietorship. However, because a sole proprietorship is not a separate legal entity, it terminates when the sole proprietor becomes disabled, retires, or dies. As a result, a sole proprietorship lacks business continuity and does not have a perpetual existence as does a corporation.

Why to Register as Proprietorship Firm

Easy to Start


MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits and access to subsidies and schemes.

Business Name


A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.

Single Promoter


A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.

Lower Taxes


A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.

Relatively Inexpensive


To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.

Easy to Close


MSME registered businesses enjoy multiple income taxes and capital gains tax subsidies from the government.

Documents  Required  For  Proprietorship  Registration

MSME Certificate will act as Government proof to open Bank Current Account. No Renewal or Returns to be filed. MSME Certificate can be obtained in 1 hour. Know more...

GST Certificate is lifetime valid, returns to be filed every month. GST Registration is mandatory for all entities involved in buying or selling or providing of services in India above 20 lakhs annually. Know more...

Import Export code is required for persons importing or exporting goods and services from India. Know more...

List of Documents Required for MSME Certificate
List of Documents Required for GST Certificate & IEC License

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BASIC

Obtain MSME Registration Certificate in 1 day

Inclusive tax

Standard

Obtain MSME Registration Certificate within 1 hour & GST Certificate in 3 working days
Inclusive tax

Premium

Obtain MSME Registration Certificate within 1 hour, GST Certificate in 3 working days & IE Code License in 5 working days
Inclusive tax

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If you are not satisfied for any reason, we will refund professional fees. No question asked

Startup Registration
Launch Your Business in
5 Days

Private Limited Company

13,450/- all inclusive

DSC for 2 Directors
DIN for 2 Directors
Name Approval Certificate
MOA & AOA
Incorporation Certificate
Share Certificates
PAN & TAN

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Compare Your Options

Who It's For

When You Need It

Returns to be Filed

Issuing Authority

 

Small Scale Industry

Micro, small, medium enterprises

For subsidies and tax breaks

No

Ministry of Micro Small and Medium Enterprises

 

Shops & Establishments

All businesses

Within 30 days of operations

No

Municipal Corporation

Professional Tax

All businesses

Within 30 days of operations

No

State Corporation

FAQ's

MSME Registration is an optional Registration under the MSMED Act that provides Micro, Small and Medium sized enterprises with a host of benefits such as interest rate concessions, tax benefits and access to a range of subsidies and schemes, aimed at developing MSMEs.
MSME Registration can be obtained by business in the manufacturing or service sector. To be classified as a MSME, Enterprises in the Manufacturing sector need to have less than Rs.10 crores of investment in plant & machinery; service Enterprises must have an investment of less than Rs.5 crores of investment in plant & machinery.
MSME Registration has a range of benefits implemented as subsidies, schemes and incentives. Enterprises registered with the MSMED Act enjoy interest rate concession and their borrowing is classified under Priority Sector Lending. Enterprises registered with the MSME act are also allowed to avail a number of subsidies and schemes floated by the State and Central Government. Some of them include, subsidy for ISO registration, subsidy for obtaining International patents, subsidy for participating in tradeshow, subsidy for implementing barcode on Products, etc.
To obtain MSME registration, proof of address of business, proof of identity of the promoters and constitution of the business [Partnership deed, Incorporation Certificate, etc., is required. Additional documents may be required based on the State in which the MSME Registration is sought.
MSME Registration Certificate can be obtained in 1 working day.
MSME RegistrationCertificate issued is a Permanent Registration which is valid for lifetime of the entity.
If the business grows and investments more than Rs.10 crores in plant and machinery in case of manufacturing entity and more than Rs.5 crores in plant and machinery in case of service entity, the enterprise should apply for de-registration.
A Micro Enterprise in the manufacturing sector is an enterprise with less than Rs. 25 lakhs of investment in plant & machinery. A Micro Enterprise in the service sector is an enterprise with less than Rs. 10 lakhs of investment in plant & machinery.
A Small Enterprise in the manufacturing sector is an enterprise with more than Rs. 25 lakhs but not exceeding Rs. 5 crores of investment in plant & machinery. A Small Enterprise in the service sector is an enterprise with more than Rs. 10 lakhs but not exceeding Rs. 2 crores of investment in plant & machinery.
A Medium Enterprise in the manufacturing sector is an enterprise with more than Rs. 5 crores but not exceeding Rs. 10 crores of investment in plant & machinery. A Medium Enterprise in the service sector is an enterprise with more than Rs. 2 crores but not exceeding Rs. 5 crores of investment in plant & machinery.

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