acculegal, raipur, Company incorporation, registration of company, company registration in india , private limited company registration, legal advices, management


A sole proprietorship is an unincorporated business that has just one owner who pays personal income tax on profits earned from the business. In addition, a sole proprietorship usually does not have to be incorporated or registered. Thus, it is the simplest form of business structure and the ideal choice to run a small business or medium scale business.

A sole proprietorship is the easiest type of business to establish or take apart, due to a lack of government regulation. As such, these types of businesses are very popular among sole owners of businesses, individual self-contractors, and consultants.

Unlike the partnerships or corporations, a sole proprietorship does not create a separate legal entity from the owner. In other words, the identity of the owner or the sole proprietor coincides with the business entity. Because of this fact, the owner of the entity is fully liable for any and all the liabilities incurred by the business.

Documents required


  • Aadhaar Card
  • PAN Card
  • Bank Account
  • Registered Office Proof



The procedure for incorporating a sole proprietorship firm is-

Step 1: Applying for PAN card.

Step 2: The next step is to keep a name for the sole proprietorship business.

Step 3: The next step is to open a bank account in the name of the business. 

Step 4: The basic registrations required by a sole proprietorship are-

  • The proprietor needs to obtain the Registration Certificate under the Shops and Establishment Act of the state in which the business is located.
  • The sole proprietorship should also register for GST if the business turnover exceeds Rs.20 lakhs.
  • The sole proprietorship can also register as a Small and Medium Enterprise (SME) under MSME Act.



  • Easy to establish
  • Easier to Operate
  • Sole Beneficiary of profits
  • Compliance & Taxation
  • Privacy
  • Unlimited Liability
  • Difficulty in Obtaining Funds
  • Higher Tax Incidence

Services we provide

  • Filing of e-forms and applications.
  • PAN Application (If proprietor PAN isn’t available)
  • Registration under Shop & Establishment Act.
  • Registration under GST Act.
  • Government Fees, Stamp Duty, and its Notarization.
  • Advisory on other applicable government registrations  

Registration Required

  • Registering as SME
  • Shop and Establishment Act License
  • GST Registration

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Sole Proprietorship


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