Sole Proprietorship - Draft It Legal

Thinking of starting your own business?

A Sole Proprietorship is the simplest and fastest way to get started in India. Whether you're launching a side hustle, opening a shop, or freelancing – this structure gives you a quick and low-cost way to begin operations.

💼 What We Offer – Proprietorship Starter Package

At Draft It Legal, we help you make your Sole Proprietorship fully functional and compliant. Our package includes everything you need to run your business smoothly and even get a business bank account.

  • ✅ GST Registration
  • ✅ MSME (Udyam) Registration
  • ✅ Professional PAN (if required)
  • ✅ Business Bank Account Assistance
  • ✅ CA Consultation Call (15 mins)
  • ✅ Document Templates: Invoice, Letterhead
  • ✅ WhatsApp Support for Queries

📌 No hidden costs. No legal confusion. Just simple execution.

WhatsApp Us Now Book Free Consultation Get Proprietorship Package

✅ What is a Sole Proprietorship?

A Sole Proprietorship is a business owned and managed by one individual, where there’s no legal distinction between the owner and the business. It’s not a registered company like a Private Limited or LLP – but it’s perfect for small businesses that need to kick-start operations with minimal compliance.

📝 Key Features

  • Owner: Single individual
  • Registration: No formal registration required with MCA
  • Compliance: Minimal (mostly tax & local registrations)
  • Taxation: Taxed as individual income
  • Suitable For: Freelancers, consultants, small retailers, service providers

🚀 Benefits of Sole Proprietorship

  • ✅ Quick Setup – Start operations in just a few days
  • ✅ Low Cost – No expensive legal formalities or registrations
  • ✅ Easy Compliance – Simple tax filings and no corporate formalities
  • ✅ Full Control – Owner has 100% decision-making power
  • ✅ Great for Beginners – Ideal for testing business ideas without heavy investment

⚠️ Limitations You Should Know

  • ❌ Unlimited Liability – Owner is personally liable for business debts
  • ❌ Not Suitable for Funding – Investors prefer registered entities
  • ❌ No Separate Legal Identity – Cannot open business bank accounts without registrations
  • ❌ Limited Scalability – Best for small-scale operations

💬 Who Should Choose Proprietorship?

  • Freelancers & consultants
  • Local shops and retail businesses
  • Home-based sellers
  • Service providers (graphic designers, tutors, etc.)
  • Entrepreneurs testing a business idea before scaling

🔥 Why Choose Draft It Legal?

  • 💡 Startup-Focused – We speak your language, not legal jargon
  • 📞 Personalized Support – Talk to real experts over WhatsApp or call
  • 💰 Affordable Pricing – No overpriced lawyer fees
  • ⏱️ Quick Turnaround – Registrations done in 3–5 working days
  • 🔄 Upgrade-Friendly – Easily convert to Pvt Ltd or LLP later

📙 FAQs About Sole Proprietorship

  • 1. Is Sole Proprietorship a company?
    No. It’s an unregistered business owned by one person. No MCA filing is needed.
  • 2. Can I open a current bank account as a Proprietor?
    Yes, with GST or MSME registration, banks allow you to open a current account.
  • 3. Do I need to file income tax?
    Yes, your business income is taxed under your personal PAN.
  • 4. Can I register a trademark under a proprietorship?
    Yes. As the owner, you can file a trademark application in your name.

📞 Ready to Start? Let’s Make it Official!

Confused about registration? Let us simplify it for you.

WhatsApp Us Now Book Free Consultation Get Proprietorship Package