Fixed-fee packages for establishing your individual business entity in India.
Please note: all the price listed on the platform are excluding GST. 18% GST and government taxes
Answer a few quick questions and see if Sole Proprietorship fits you.
Fill the answers above and we’ll tell you if Sole Proprietorship works or you should think about LLP / Private Limited.
Quick intake form capturing your trade name, nature of business, city, expected turnover and where you’re operating (home, shop, co-working, online only etc.).
We generate a personalised “Solo Business Blueprint” telling you what must be done now and what can wait.
Upload KYC and property proofs in your secure dashboard. Our team prepares and files applications on your behalf with local authorities.
Once registrations are done, we hand over a “Start Solo Pack” – registration copies, KYC kit for bank, and invoice/letterhead templates (as per your plan).
Stay on the right side of the law with nudges for renewals, GST/PT filings and basic bookkeeping expectations – especially in the Advance Plan.
We’ll tell you whether you can launch with a simple basic pack or if you need a compliance-heavy setup from day one.
See every application in one dashboard – filing date, authority, expected TAT and what is pending from your side.
Visual timeline for renewals, GST/PT due dates and key reminders tailored to a sole proprietor – no jargon.
All licenses, certificates and letters live in a single secure vault, downloadable anytime as a “Bank KYC Pack”.
Definition (commercial practice): A business owned and controlled by a single individual where the owner and the business are legally the same person.
Legal status: It is not a separate juristic entity (unlike a company/LLP). All assets, liabilities, profits, and losses are the proprietor’s.
Liability: Unlimited, personal liability—business debts can be recovered from the proprietor’s personal assets.
Name: You may trade under a chosen trade name (e.g., “ABC Traders”), but legally it’s still you, the individual.
Implication: Fast to start and low cost, but no limited liability shield. Choose with eyes open.
There is no stand-alone central “Sole Proprietorship Act.” Instead, proprietors comply with a stack of general laws, depending on the business:
A proprietorship becomes “visible” and bank-ready by obtaining identifiers & licences:
There is no single “incorporation certificate” like a company’s COI. Your “proofs” are the licences & registrations you obtain.
<KYC: PAN, Aadhaar, passport-size photo.
Address proofs:
Business proof (any of the following): Shop & Establishment certificate, Udyam, GST certificate, trade licence, professional tax registration.
Banking: FATCA/KYC forms, introduction/mandate (as per bank), licence copies.
Sector-specific attachments: FSSAI docs (layout, food safety declarations), municipality forms, etc.
Timeline (indicative): 3–10 working days depending on state portal speed, inspections (if any), and GST queries.
Income Tax: You file as an individual (business income under PGBP).
ITR-3 (regular books) or ITR-4 (Sugam) if choosing presumptive taxation (Sec 44AD/44ADA/44AE, subject to conditions/turnover caps).
Advance tax may apply. Maintain books if required (Sec 44AA) and Tax Audit if thresholds under Sec 44AB are breached.
GST: Register if compulsory (thresholds/inter-state/e-commerce) or strategic (input tax credit chain). File periodic GSTR-1/3B, annual return (if applicable), e-invoicing/e-waybill where required.
TDS/TCS: Apply if you cross payer thresholds for certain payments (contractors, rent, professional fees, etc.).Professional Tax: Pay/enrol per state timelines; monthly/annual returns where applicable.
Current Account in trade name (e.g., “Rahul Rajpurohit trading as NoLegalPaisa Ventures”).
Invoicing: If GST-registered, issue GST-compliant tax invoices; otherwise pro forma invoices without GST.
Books & records: Maintain sales, purchases, expenses, cash/bank, fixed assets; keep licence copies, challans, returns, and approvals for audit trail.
Insurance: Consider professional indemnity, public liability, stock/fire, cyber (if online operations).
Pros
Cons
Choose when: testing a concept, solo services, small retail/online sellers under threshold, local services.
Consider LLP/Private Limited when: hiring teams, raising capital, signing larger B2B contracts, or needing limited liability and investor-friendly governance.
Migration paths: Proprietorship → LLP/Company (via slump sale/business transfer); plan GST migration, PAN changes, and bank KYC carefully.
Your vision, our expertise. Connect with us to explore possibilities. We will be happy to hear from you.
