Proprietorship Firm
A sole proprietorship firm is a business owned and controlled by a person/sole trader/proprietor. It is the most common type of business commenced by small/ individual merchants and traders.
It is a single-person registration of the firm. Its primary aim is to commence a business immediately because it does not require to fulfil any special approval or requirements and perform activities with some compliance and less costing.
An Individual may start their business without any registration. However, for opening a Current Account in a Bank, he has to get some registration.
Minimum Requirements-
✓ Proposed Object of the Firm
✓ Name of the Firm
✓ Self-Attested copy of PAN Card of Sole Proprietor
✓ Self-Attested copy of your Aadhar card or Voter Identity Card.
✓ Electricity bill.
✓ Photographs (passport size).
✓ Property papers / Rent Agreement (as the case may be)
✓ Email ID and Mobile No. of Sole Proprietor