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If you are worried about the legal requirements of establishing a company, you can always choose a Sole Proprietorship as your business entity. It’s not a legal entity and therefore, sole proprietorship registration is often considered easy.
At a glance, to register a sole proprietorship you need only two things: a bank account and the GST registration. Through this article, we are going to tell you how to implement these things properly to register your sole proprietorship firm in India.
Before we begin discussing the process to proprietorship firm name registration, it will suit for you to know the definition of a sole proprietorship. It is:
To register the name of Sole Proprietorship, you need to follow the steps below:
Once collected, file the application for GST registration in India. Once you acquire the GST registration number, you can apply for a bank account in the name of your firm.
With this step, the process of your sole proprietorship business name registration is complete.
To register your sole proprietorship business name, you need to move one step further from just registering your sole proprietorship. You should also register it as a trademark. With trademark registration for your proprietorship firm’s name, you can protect its identity for a long time.
Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.