Overview
A sole proprietorship is the simplest, fastest and most affordable way to start a business in India. It is owned and run by a single individual, with no legal distinction between the owner and the business, which keeps setup and compliance light.
There is no single “proprietorship registration” in India — instead, the business is recognised through the registrations relevant to its activity, such as GST, Udyam (MSME) and a Shop & Establishment licence. Together these give the proprietor a business identity, a current bank account and the ability to invoice clients legally.
CorpRaasta sets up your proprietorship end-to-end by identifying and obtaining exactly the registrations you need, helping you open a current account in the business name, and guiding you on basic bookkeeping and taxes so you can start operating immediately.
What is Proprietorship?
A proprietorship is an unincorporated business owned and controlled by a single individual, where the owner and the business are legally the same person. The proprietor receives all profits and is personally responsible for all liabilities.
Why it matters
A proprietorship is ideal for testing a business idea with minimal cost and paperwork. While liability is unlimited, it lets first-time founders get started and start invoicing fast, and they can later convert to an LLP or company as the business grows.
Key features
Who needs it
Documents required
How it works
Consultation
We understand your business and identify exactly which registrations you actually need.
Apply registrations
We file the relevant registrations — GST, Udyam (MSME) and/or Shop & Establishment.
Bank account
We help you open a current account in your business name using the registrations.
Ready to operate
You receive all certificates and can start invoicing and operating legally.