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Starting a proprietary concern (sole proprietorship) in India is one of the simplest and most affordable ways to begin your business journey. There’s no formal incorporation process required — an individual or sole trader can easily start operations by obtaining essential registrations like GST, Profession Tax, Shops & Establishment, or Udyog Aadhaar (MSME) based on the nature of the business.
Can a Proprietorship Have a Business Name?
Yes! You can operate your business either in your own name or under a unique trade name. This allows you to create a distinct brand identity while still enjoying the simplicity of a proprietorship structure.
Why Choose Book Max Consultancy?
At Book Max Consultancy, we specialize in helping entrepreneurs set up their Proprietorship Firms in Bangalore quickly and affordably.
With years of experience and hundreds of successful registrations, our team ensures a smooth, compliant, and hassle-free process — from choosing the right registrations to complete documentation and filing.
Depending on your business activity, you may need one or more of the following registrations:
Explore other popular business registration options below:
A Proprietorship Firm (also known as a Sole Proprietorship) is the simplest form of business entity in India, owned and managed by a single individual. It does not require formal incorporation and is ideal for small businesses and individual entrepreneurs.
There is no specific government registration for starting a proprietorship. However, you can establish your business legally by obtaining necessary registrations, such as:
* **GST Registration**
* **Shop and Establishment Act Registration (Karnataka)
* **Professional Tax Registration**
* **Udyam (MSME) Registration**
These registrations act as proof of business existence.
GST registration is mandatory only if your annual turnover exceeds the prescribed limit (₹40 lakh for goods and ₹20 lakh for services, or lower in some cases) or if you deal in interstate supply of goods/services. Our **GST registration consultants in Bangalore** can guide you through the process easily.
Yes, you can run your business either in your own name or under a chosen trade name. You can also create a unique brand identity by registering a **trademark** for your business name.
Typically, you’ll need the following documents:
* PAN Card and Aadhaar Card of the proprietor
* Address proof (rental agreement/electricity bill)
* Passport-size photo
* Bank account in the firm’s name
* Relevant registrations (GST, MSME, etc.)
Yes. Most banks allow you to open a current account in the firm’s name once you provide business proof such as GST registration, MSME certificate, or Shop and Establishment certificate.