Sole Proprietorship (with MSME + GST)

A Sole Proprietorship is the simplest form of business in India, owned and managed by a single individual. Although there is no separate law governing the registration of a proprietorship, businesses are generally established through statutory registrations such as GST Registration under the Central Goods and Services Tax Act, 2017, Udyam Registration under the Micro, Small and Medium Enterprises Development (MSMED) Act, 2006, and other registrations applicable to the nature of the business.

GST registration is mandatory where the business crosses the prescribed turnover threshold or falls under compulsory registration under Section 24 of the CGST Act, 2017, while Udyam Registration enables businesses to avail various benefits offered by the Government of India, including priority sector lending, collateral-free loans, delayed payment protection and participation in government tenders.

Our professionals assist in evaluating registration applicability, obtaining GST Registration, completing Udyam Registration and guiding you through the legal and tax compliance requirements for starting your proprietorship business.

• Individual entrepreneurs starting a new business.
• Freelancers and independent professionals.
• Traders and retailers.
• Manufacturers.
• Service providers.
• Home-based businesses.
• E-commerce sellers.
• Consultants.
• Professionals such as Doctors, Architects, Designers, and Coaches.
• Small businesses seeking GST and MSME registration benefits.