A sole proprietorship also referred to as a sole trader or a proprietorship, is an unincorporated business that has just one owner who pays personal Income tax on profits earned from the business.

Sole Proprietorship Need Minimum 1 Person for the Registration. The person called sole proprietor. Sole Proprietor can be hired also someone to running their business as the employee but can’t authorised signatory for the legal documents signing purpose.

Documents required for sole proprietorship registration :

• A copy of PAN card of the proprietor:- The business and the Proprietor 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 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:-
  • Self-owned Property: Electricity bill or any other address proof.
  • Rented Property: a) Rent agreement and NOC from a landlord.