Services for clients across India. Applicable state, sector and professional requirements are assessed before an engagement.
A proprietorship is not "registered" as an entity — it is you, doing business — but banks, marketplaces and customers still need proof it exists. This engagement assembles that proof correctly: the registrations that create a bankable, invoiceable business identity in days, plus a briefing on when to outgrow the form.
When this service is typically required
- Starting solo with minimum cost and process
- A bank wants "firm documents" to open a current account
- Marketplaces/aggregators require GST or Udyam to onboard you
- Unsure whether to start here or as OPC — the comparison answers it
Indicative scope
- Registration bundle as applicable: Udyam, GST, Shop & Establishment, PT
- Current-account documentation set for the bank
- Basic invoicing and books setup (compliant format, series, GST fields)
- A growth briefing: when OPC/LLP conversion starts making sense
Key points at a glance
| Item | Position |
|---|---|
| Identity | No separate legal entity — proprietor and business are one |
| Tax | Business income in your personal ITR; presumptive schemes often available |
| Liability | Unlimited — the structural trade-off for simplicity |
| Best for | Freelancers, small traders, first-time founders testing a business |
Deliverables
The applicable registration certificates, a bank-ready document set, invoice template with correct particulars, and the one-page growth briefing.
Information and documents generally required
PAN, Aadhaar, photo, business address proof, bank details, and activity description for correct codes.
Engagement process
Client responsibilities, assumptions and reliance
Activity descriptions and turnover estimates must be accurate — they drive GST applicability and Udyam class. The proprietor signs everything personally; that is the nature of the form.
Scope exclusions
No entity is created — the engagement does not (and cannot) provide limited liability. Sector licences (FSSAI etc.) are add-on scopes.
Frequently asked questions
Is GST compulsory for me?
Only past thresholds or in compelled categories (inter-state, e-commerce, RCM situations). The scoping step answers it for your activity rather than defaulting to yes.
What proves my proprietorship exists?
Practically: Udyam + GST (or Shop Act) + PAN + current account in the trade name. That set satisfies most banks and platforms.
When should I convert?
Common triggers: a co-founder, meaningful liability exposure, customer insistence on a company, or credit needs beyond personal limits. The briefing lists them so the move is planned, not panicked.
Can you also file my ITR?
Yes — proprietor returns (including presumptive evaluation) run under the income-tax engagement.
The applicable scope, documentation, professional responsibilities and timelines are agreed in an engagement letter before commencement.
Udyam RegistrationGST ComplianceProprietorship vs OPCRequest a Scope DiscussionThis page describes the service in general terms as on 6 August 2026 and is not professional advice or an assurance of any outcome. Registrations, filings, refunds and departmental outcomes depend on facts and the concerned authority. Figures and due dates change; verify current positions before acting.
| Compliance | Due | Note |
|---|---|---|
| DPT-3 (deposits/loans return) | 30 June (annual) | Covers director loans and advances |
| DIR-3 KYC | 30 September | Now triennial for unchanged particulars |
| AGM (other than first) | 30 September | First AGM: 9 months from first FY end |
| AOC-4 / MGT-7 | 30 / 60 days from AGM | Rs 100 per day per form if late |
| MSME Form 1 | 30 April / 31 October | If MSE dues pending beyond 45 days |
| CCFS-2026 amnesty | Till 31 August 2026 | 90% additional-fee waiver + immunity |
Dates as generally applicable on 15 July 2026; extensions/notifications can change them — confirm current dates before relying.