One of the popular form for doing a business in India is Sole Proprietorship. For starting up a proprietorship business no specific registration is required unlike a Private Limited Company. Though in today's economy the existence of the proprietorship is considered through various registration under various laws for the time being in force in India viz. GST Registration, MSME Registration, Issuance of Tax Deduction and Collection Account Number (TAN) in the name of the proprietor of the sole proprietorship to establish the existence of the proprietorship business.
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Any individual entrepreneur willing to start up its own business who has attained the age of 18 years and above having a valid PAN as identity proof can start up its business in sole proprietorship form.
A proprietor can get the proprietorship registered by registering into any one or more of the following categories depending upon the type of business the proprietor intends to do:
GST Registration under The Goods and Service Tax Act, 2017
MSME Registration under Micro, Small & Medium Enterprises Development Act, 2006
FSSAI License under The Food Safety and Standards Act, 2006
Import Export Code (IEC) for Import or export of the goods or services by the proprietor
And some others like, Shops and Establishment License, Trade License, Drug License, Trademark Registration, PF/ESI, etc.