Partnership Firm
A simple, low-cost structure for businesses run by two or more partners.
Business Setup
Sole Proprietorship Registration Online
The quickest way to start trading on your own. We set up your proprietorship with the registrations that give it a legal identity and let you open a current account.
- 3–7 working days
- MSME (Udyam) registration
- GST or shop registration
- Current account ready
What is a sole proprietorship?
A sole proprietorship is a business owned and run by one person. It is the simplest and cheapest way to start trading in India and is popular with freelancers, consultants, shop owners and small traders. There is no separate law for proprietorships – the business gets its legal identity through registrations such as GST, MSME (Udyam) or a shop and establishment licence.
How a proprietorship is registered
There is no single “proprietorship certificate”. Instead, we obtain the registrations that suit your business, which together serve as proof of the business for banks and government bodies:
- MSME / Udyam registration – free, Aadhaar-based and recognised by banks.
- GST registration – mandatory above the turnover limits or for inter-state and online sales.
- Shop & establishment licence – required in most states for shops, offices and commercial premises.
With two of these, you can usually open a current account in the name of your business.
Advantages
- Quick to start with minimal cost and paperwork.
- Complete control over decisions and profits.
- Very light compliance – income is taxed in the proprietor’s personal return.
Limitations
- Unlimited liability: the owner is personally liable for all business debts.
- Harder to raise funds or bring in partners.
- The business does not continue independently of the owner.
As your business grows, you can move to a One Person Company or Private Limited Company for limited liability.
Documents required for Sole Proprietorship
After you purchase, log in to My Account → My Services and upload each document below. Scanned copies or clear phone photos (PDF, JPG or PNG) are fine. Your files are stored privately and seen only by your assigned expert.
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PAN card of the proprietor Clear copy Required
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Aadhaar card of the proprietor Linked to your mobile number for OTP verification Required
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Passport-size photograph Recent photo Required
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Business address proof Electricity bill, property tax receipt or ownership document Required
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Rent agreement or NOC from the property owner If the premises are rented or owned by someone else If applicable
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Cancelled cheque or bank statement Of your personal or business account If applicable
Sole Proprietorship process with Nevo Legal
Consultation
We understand your business and decide which registrations you need.
Document review
We verify your ID, address and premises documents.
Registrations filed
MSME (Udyam) plus GST or shop & establishment registration as applicable.
Certificates issued
You receive the certificates and guidance on opening a current account.
What you get
- MSME (Udyam) registration certificate
- GST registration or shop & establishment certificate (as applicable)
- Checklist for opening a current account
Sole Proprietorship – frequently asked questions
Is a sole proprietorship a legal entity?
No. The proprietorship and the owner are the same in law. The business is identified through registrations such as GST, Udyam and shop licences.
How is a proprietorship taxed?
Business income is added to the proprietor’s personal income and taxed at individual slab rates in their income tax return.
Can I open a current account for a proprietorship?
Yes. Banks typically ask for two proofs of the business, such as a GST certificate, Udyam certificate or shop & establishment licence, along with your KYC.
Can I convert my proprietorship into a company later?
Yes. Many businesses start as proprietorships and later incorporate a company or LLP and transfer the business to it.
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Private Limited Company
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One Person Company (OPC)
A company with one owner – limited liability for solo founders.
Not sure which service you need?
Speak to a Nevo Legal expert. We will understand your requirement and recommend the right legal route – no obligation.