Sole Proprietorship
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Many a times question comes to us, register our sole proprietorship!! So, lets understand, wha...

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Sole Proprietorship

Many a times question comes to us, register our sole proprietorship!! So, lets understand, what do we mean by Sole Proprietorship. “Sole” means alone & “Proprietor” means the state or right of owning a business or holding property. Here there is no legal distinction between the owner and the business.

There is no legal process for getting a sole proprietorship to be registered. What you all have to do is just to identify the licences and the registrations which your business requires. In case your business name is distinct and unique, it is recommended to get the same trademarked.

The common registration and licences which you may require while running the sole proprietorship:

a) Shop & Establishment Registration.
b) Trade Licence.
c) Business specific licences for e.g. if you are into food business, FSSAI licence is must.
d) Trademark Registration


Once the name of the business is identified, the first step is always to open a bank account (current account) in the firm’s name.

While reaching out to bankers, there is always a hassle to get the current account opened in the name of the business due to want of documents. For opening of the bank account in the name of your sole proprietorship, it is required to produce any of the following documents to establish the firms’ name:

a) Shop & Establishment Registration Certificate.
b) GST Registration Certificate.
c) IEC Code.

To know more, feel free to contact us at

Required Documents for Sole Proprietorship

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