What is a Sole Proprietorship?

A Sole Proprietorship is a business owned, managed, and controlled by one individual. Unlike companies or LLPs, a Sole Proprietorship has no legal distinction between the owner and the business, meaning the owner is personally responsible for all profits and liabilities.

It is ideal for:

• Small business owners and shopkeepers
• Freelancers and consultants
• Home-based businesses
• Service providers (designers, writers, tutors, etc.)
• Independent professionals (CA, doctors, lawyers, etc.)

At Calzone, we guide you through the entire registration process and help you access business banking, GST, and tax benefits with ease.

Why Choose a Sole Proprietorship with Calzone?

• Quick & Easy Setup - Start your business in just a few days with minimal compliance.
• Full Control & Ownership - You make all decisions and retain 100% profits.
• Low Cost & Minimum Compliance - No complex legal requirements like companies.
• Less Tax Burden - Sole Proprietorships are taxed as individuals, avoiding corporate tax rates.
• Easy Scalability - Convert to a Private Limited Company or LLP anytime as your business grows.

How to Register a Sole Proprietorship?

There is no mandatory legal registration required for a Sole Proprietorship, but for business credibility and legal compliance, you may need the following:

• Step 1: Obtain PAN & Aadhaar
  • PAN (Permanent Account Number) for tax compliance.
  • Aadhaar-linked bank account for business transactions.
• Step 2: Open a Business Bank Account
  • Required to maintain business transactions separately from personal funds.
  • Requires PAN, Aadhaar, and business address proof.
• Step 3: Choose Business Name & Address
  • Select a unique business name.
  • Provide a business address for registration purposes.
• Step 4: Register Under GST (If Required)
  • Mandatory for businesses with turnover above 20 lakh (services) or 40 lakh (goods).
  • Essential for businesses involved in interstate trade or e-commerce platforms.
• Step 5: Register Under MSME (Udyam Registration - Optional but Beneficial)
  • Helps in accessing business loans, subsidies, and tax benefits.
  • Recognizes your business under the Micro, Small, and Medium Enterprises (MSME) Act.
• Step 6: Get Registration Under Shops & Establishment Act (If Required)
  • If you have a physical store, office, or retail outlet, this registration is needed.
  • Helps in business banking and obtaining government licenses.

Calzone helps you with hassle-free registration and compliance for your business!

Documents Required for Sole Proprietorship Registration

• PAN Card & Aadhaar Card of the Proprietor.
• Business Name & Address Proof (Electricity Bill, Rent Agreement, or Property Deed).
• GST Registration Certificate (if applicable).
• Udyam Registration Certificate (if applying for MSME benefits).
• Bank Account in Business Name (with supporting KYC documents).

At Calzone, we ensure all documentation is error-free and properly filed for smooth approval.

Compliance Requirements for a Sole Proprietorship

While Sole Proprietorships have minimal compliance, some basic requirements include:

• Income Tax Return Filing - The business owner files personal income tax including business income.
• GST Return Filing - If registered under GST, monthly/quarterly returns must be filed.
• TDS Compliance - If applicable, the business must deduct Tax Deducted at Source (TDS) and file TDS returns.

Calzone provides complete tax and compliance support to keep your business running smoothly!

Timelines for Sole Proprietorship Registration

At Calzone, we ensure fast-tracked registration so you can start your business without delays.

Checklist Before Registering a Sole Proprietorship

• PAN & Aadhaar Card of the Proprietor.
• Business Name & Address Confirmation.
• Separate Business Bank Account.
• GST Registration (if applicable).
• Shops & Establishment Act Registration (if required for your business).

Calzone offers personalized assistance to meet all registration and compliance needs.

Sole Proprietorship vs Private Limited Company - Which One is Right for You?

• Choose Sole Proprietorship if: You want a simple, low-cost business with minimum compliance.
• Choose Pvt Ltd if: You want to scale, attract investors, or raise capital.

At Calzone, we help businesses choose the best structure based on their goals.

Why Choose Calzone for Sole Proprietorship Registration?

• Hassle-Free Registration Assistance - From GST to MSME, we handle everything.
• Expert Business Consultation - Get guidance on tax, compliance, and future scalability.
• Quick Turnaround Time - Get your registration done without delays.
• Affordable Pricing - No hidden costs, just straightforward pricing.
• Ongoing Compliance Support - We help manage tax filings, TDS, and GST returns.