Sole Proprietorship Registration Online

A sole proprietorship is an industry commodity in which a single person is solely responsible for raising capital, bearing risk, and managing the business. A sole proprietorship commences and terminates as per the proprietor’s decision or upon their death, or even may transform into a more intricate business structure if the business expands substantially. The business owner, proprietor, or trader uses their legal name. They may also use another name by registering it with their regional authority. This type of business is the most accessible and appropriate form to commence. However, it is common among small enterprises, freelancers, and self-employed individuals.s

As the best business consultant in the market, we will guide you through the following 5 simple steps to register an OPC:

• Preparation of Digital Signature Certificate (DSC).
• Selecting a unique company’s name.
• Efficiently managing Forms, Documents, AOA & MOA of your Company.
• Filing e-forms with MCA & then waiting for their reversion.
• Allotment of COI, PAN & TAN from the government.

Step 1: Obtain an Aadhar Card

Aadhar number is a prerequisite for legalizing any corporation in India. The applicant can approach the most immediate Aadhar, Seva Kendra or E-Mitra to ensure the Aadhar number is legitimate. Also, you can only file an IT return .if the aadhar card of an individual is linked with the PAN Card of such individual.

Step 2: Apply for PAN Cards

A dedicated government portal allows an individual to apply for PAN at a negligible fee. After scrutinizing at NSDL for verification, you can submit the PAN application via Aadhar e-KYC. The standard documents needed to apply for PAN include an applicant photograph, ID proof, & address proof. After the successful verification, the administration grants the PAN number to the applicant within a week.

Step 3: Open a Company’s Bank Account

After ensuring the PAN and Aadhar Number, you can reach out to any designated bank to open a current account. Standard documents for opening an account include PAN, Aadhar Number, GST registration, and address & identification proof. Although, the applicant can equip a copy of the No Objection Certificate (NOC) or rent agreement for address proof. Similarly, they can also stimulate utility bills to serve such a purpose.

Step 4: Secure the Shop and Establishment Act License

A shop and Establishment license is a legitimate oppression for a commercial establishment that hawks goods or services to the consumer.

Step 5: Register under the GST

GST registration applies to all business forms, including online businesses whose annual turnover exceeds the prescribed threshold limit. Companies with yearly turnover exceeding the prescribed limit must secure registration.

Here are numerous benefits to operating a sole proprietorship registration online. Though there are some appropriate benefits of sole proprietorship registration in India:

• Easy to establish.
• Protect the sole proprietorship’s name.
• No limit to hiring individuals.
• Enables complete control for the owner.s

• A certificate issued by Municipal authorities under the Shop & Establishment Act.
• The Central Government or the State Government Authority of India issues the registration document under proprietary circumstances.
• The banks sometimes also accept the import-export license issues under the proprietary concerns by the DGFT office as identity proof documentation to open the bank account.
• Get utility bills under proprietary circumstances, such as electricity, water, and landline telephone bills.
• Get the Income Tax Return (ITR) under the sole proprietor where the company’s income reflects, duly affirms, and acknowledges by the Income Tax Authorities.
• Issues the GST Certificate under proprietary circumstances.