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Starting a business as a proprietorship firm is easy in India. A business owner in a sole proprietorship is single and personally responsible for all debts and losses. A business owner can take all profits and decisions for the business independently. It is an ideal option for small business owners in India.

How to start registration for a proprietorship firm in India?

First of all, choose a business name and open a current account in a bank.

To prove your proprietorship firm, you need to register for one of the following:

Register for GST — if you are going to do business and your turnover limit exceeds ₹20 lakh.

Register for MSME — Register under the Ministry of Micro, Small and Medium Enterprises. It helps in government schemes and loans.

Licence of Shop/Establishment — if you have a shop or office. It will be issued by the state government.

What is the cost of registration for a proprietorship firm in India?

Government fees of GST & MSME are free. Additionally, if you are registering for a food licence, then its cost is 1000–5000, depending on state rules.

And if you choose a professional service, the service cost will be 2000 to 10000+ gov charges.

If you choose Cashwave Management Pvt Ltd, we will provide you with start-to-finish registration to compliance support, monthly accounting and ITR filling. You can focus only on the growth of your business.