step-by-step procedure in business start ups and formation of sole proprietorship
- Decide the name of the business which is not previously used by any business establishment or other entities.
- Register the business name with the local, state, or federal government. Doing this is very important to make a business legitimate.
- Obtain all the necessary business permits and licenses from the local, state, or federal government. By doing this, a business will be subjected to safety standards, taxes, and other government requirements.
Registration of Sole Proprietorship
- PAN, photographs, & Aadhar Card of the proprietor
- Utility bill of the business place such as water bill or electricity bill
- Bank statement copy and other details such as account number and IFSC code
- Applicants can avail of GST registration by submitting relevant e-application on the GST portal.
