Proprietorship – Tax Vakil

Someone who owns a business or a property is a proprietor. A bookstore proprietor might wish she became a librarian instead so the books would come back. The first part of proprietor sounds a lot like “property,” and a proprietor is someone with ownership of property.

How do I start my own proprietorship?

Documents Required For A Sole Proprietorship

Aadhar Card. Aadhar number is now a necessity for applying for any registration in India. …
PAN Card. You can’t file your income tax return until you get a PAN. …
Bank Account. …
Registered Office Proof. …
Registering as SME. …
Shop and Establishment Act License. …
GST Registration.