Start Your Sole Proprietorship with Fortune Filings Simple. Quick. Affordable.
Looking to start your business with minimal compliance and full control? A Sole Proprietorship is the easiest and fastest way to launch a business in India. Whether you’re a freelancer, trader, consultant, or running a local business, this structure gives you complete ownership and flexibility with very little paperwork.
Why Choose a Sole Proprietorship?
A Sole Proprietorship is an unincorporated business owned and managed by one individual. It’s best suited for small businesses looking for a quick start.
Advantages of Sole Proprietorship
- Easy to Start
No complex procedures. Start operating within days with basic documentation.
- Minimal Compliance
No ROC filings or board meetings required—low legal and financial burden.
- Full Control
You are the sole decision-maker. No partners, no interference.
- 100% Profits
All profits go directly to the owner. No sharing of income or dividends.
- Tax Benefits
Taxed as individual income—potential savings under applicable slabs.
- Cost-Effective
Low registration and operational cost. Ideal for small ventures and side hustles.
Disadvantages of Sole Proprietorship
- Unlimited Liability
The owner is personally liable for all business debts and obligations.
- No Separate Legal Identity
The business and the owner are considered one entity under the law.
- Limited Growth & Funding
Difficult to raise capital or get investors due to lack of formal structure.
- No Perpetual Succession
The business ceases to exist in case of the owner’s death or incapacity.
- Limited Recognition
Not ideal for scaling or getting large contracts and tenders.
How to Register a Sole Proprietorship with Us
Setting up a proprietorship is quick and hassle-free with Fortune Filings.
Documents Required:
- Aadhaar Card of Proprietor
- PAN Card of Proprietor
- Passport-size Photograph
- Mobile Number & Email ID
- Electricity Bill / Property Tax Receipt (for address proof)
- Rental Agreement (if business premises is rented)
- Trade Name (proposed business name)
- Detailed Nature of Business (to determine correct HSN/SAC codes and GST rates)
Our Registration Services Include:
- GST Registration (Mandatory for turnover above ₹20 lakh or inter-state sales)
- Udyam/MSME Registration
- Business TAN (if needed)
- Bank Account Setup Assistance
- Trademark Registration (optional)
Why Register with Fortune Filings?
Fast Turnaround
Get your application submitted in 24-48 hrs.
End-to-End Assistance
From documentation to consulting.
Expert Guidance
Clear, compliant, and correct process
Affordable Pricing
Tailored packages for your business needs.
Dedicated Support
Always just a call or WhatsApp away!
Get Started Today!
Email: shalini@fortunefilings.in
Call/WhatsApp: +91 63795 75568
“Build your dream. We’ll handle the paperwork.”