Firm Registration & Compliances
Proprietorship Firm RegistrationPromotional
Set up a sole proprietorship with the registrations that prove it exists — Udyam (MSME), GST and Shop & Establishment licence, plus a bank account.
- Estimate Cost
- ₹1,500 – ₹5,000 Concessional Price
- Typical duration
- 7 days
Service overview
- A Sole Proprietorship is the simplest, most cost-effective business form, where a single individual owns and manages operations
- Because Indian law does not prescribe a single standalone proprietorship incorporation certificate, legal identity and operational credibility are established by acquiring statutory government licenses, including Udyam MSME Registration, GSTIN, and Shop & Establishment Licensing
Who needs it? / When is it needed?
- Independent consultants, freelancers, small retailers, and home-based commercial projects.
- Solo founders wanting a low-cost structure to test market traction before expanding into a company.
- Individuals needing immediate proof of business to open a dedicated commercial Bank Current Account.
What to expect from the WCP Professionals
- Business Model Diagnostics: WCP professionals analyze your business scope to determine necessary versus optional registrations, preventing unnecessary fees while ensuring full operational legality.
- Verify Address & Title Proofs: WCP professionals audit your registered office documents—ensuring utility bills, lease agreements, and landlord NOCs match address parameters required by municipal and tax authorities.
- Execute Udyam MSME Registration: WCP professionals file your details on the government Udyam portal to secure official MSME recognition and unlock priority sector lending benefits.
- Apply for Shop & Establishment License: WCP professionals prepare and submit state-specific municipal applications to obtain your local Shop & Establishment or Trade License.
- File GST Registration (If Applicable): WCP professionals submit Form GST REG-01 for tax registration, handle Aadhaar authentication, and clear any queries raised by the GST officer.
- Compile Current Account Legal Kit: WCP professionals organize all statutory registrations into a compliant documentation package that financial institutions require to open a commercial current account.
Key deliverables
- Government Udyam (MSME) Registration Certificate.
- GST Registration Certificate (GSTIN) (where applicable).
- State Shop & Establishment License
- Trade License.
- Bank Current Account Opening Legal Assistance Kit.\
- Basic Business Tax Compliance Advisory.
Standard turnaround time
- Udyam MSME Registration: 1 to 2 business days.
- GST Registration: 3 to 7 business days.
- Shop & Establishment Licensing: 3 to 15 business days (varies by state)
Government fees, timelines & key outcomes
- Government Fees: Udyam is free; GST carries no government fee; state/municipal shop licenses carry nominal fixed fees.
- Timelines: GST registration becomes legally mandatory once turnover crosses statutory thresholds.
- Key Outcome: Official statutory proof of business enabling current account operations and legal trading.
Forms & filings involved
- Udyam Online Registration: MSME Portal Application.
- Form GST REG-01: Application for New GST Registration.
- State Municipal Form: Shop & Establishment Act Registration
Documents required
- Proprietor’s PAN and Aadhaar Card
- Passport-sized photographs
- Business Address proof (Utility Bill, Registered Rent Agreement, and Owner NOC)
- Cancelled cheque or bank statement copy
What we need from you
- Chosen commercial trade name.
- Precise business activity description.
- Address proof matching Aadhaar details.
Important conditions
- A proprietorship carries unlimited personal liability; business debts can extend to personal assets.
- Statutory tax filings are submitted under the proprietor's personal Income Tax PAN.
Additional information
Keep personal and commercial bank transactions strictly separate from day one to ensure clean tax accounting.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
Is there a registration certificate for a proprietorship?
No single certificate exists. A proprietorship is evidenced through registrations such as Udyam, GST and a Shop & Establishment licence.
Which registrations does a bank ask for?
Usually any two business proofs in the proprietor's name, such as Udyam, GST certificate or a shop licence, along with PAN and address proof.
Is Udyam registration free?
Yes. Udyam registration on the government portal has no fee and needs only Aadhaar and PAN.
What is the liability of a proprietor?
Unlimited — the business and the owner are the same person in law, so personal assets are exposed to business debts.