Proprietorship is an unregistered business entity owned, managed, and controlled by one person. The most popular type of business in India is the sole proprietorship, which is utilised by the majority of micro and small firms in the unorganised sector.

Proprietorships are straightforward to set up and operate, with few regulatory compliance obligations. This entity is appropriate for first-time entrepreneurs as well as small firms with a limited number of clients.

The Sole Owner of a business in India is called a proprietor. It cannot be a corporate or legal entity. The proprietor and the proprietorship are considered to be the same entity legally.

The PAN and other documents of the proprietor are the basis for obtaining all other business registrations and licenses. In case of any issues of liability in the business, the proprietor is held personally liable for it.

• Identity proof- Aadhar and PAN Card.
• Address Proof.
• Latest Bank Statement.
• Passport Size photographs.