A Sole Proprietorship Firm is a business entity owned, managed, and controlled by a single individual. It is not a separate legal entity but is legally recognized for taxation and regulatory purposes.
It’s the most common type of business in India, ideal for freelancers, consultants, local retailers, traders, and small service providers.
Required for businesses crossing turnover limits or dealing in interstate goods.
Mandatory for physical shops or establishments in most states.
For micro, small, and medium enterprises.
Used along with utility bills or rental agreements to open a current account.
+GST
+GST
FinGuru Services India Private Limited offers a 360° solution for all your corporate services.
A- 2106, Privilon, Iskcon Cross Roads, Ambli Rd, Ahmedabad, Gujarat 380015